Public Employees Retirement System of Ohio Sells 28,243 Shares of Phillips Edison & Company, Inc. $PECO

Public Employees Retirement System of Ohio lessened its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 16.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 145,307 shares of the company’s stock after selling 28,243 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Phillips Edison & Company, Inc. were worth $5,437,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new position in Phillips Edison & Company, Inc. during the fourth quarter worth about $31,000. Aster Capital Management DIFC Ltd raised its holdings in shares of Phillips Edison & Company, Inc. by 55.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,053 shares of the company’s stock valued at $37,000 after acquiring an additional 376 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Phillips Edison & Company, Inc. by 143.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock valued at $41,000 after acquiring an additional 672 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Phillips Edison & Company, Inc. during the 3rd quarter valued at about $43,000. Finally, Prosperity Bancshares Inc purchased a new position in shares of Phillips Edison & Company, Inc. during the fourth quarter worth about $50,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on PECO. UBS Group raised their target price on shares of Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Evercore reissued an “outperform” rating and issued a $44.00 price target on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, July 7th. Morgan Stanley increased their price target on shares of Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, July 10th. LADENBURG THALM/SH SH raised their price objective on shares of Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Finally, Weiss Ratings raised shares of Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $44.50.

Phillips Edison & Company, Inc. Price Performance

NASDAQ:PECO opened at $42.79 on Thursday. The business has a 50 day moving average of $41.64 and a 200 day moving average of $39.28. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 37.21, a PEG ratio of 2.21 and a beta of 0.52. Phillips Edison & Company, Inc. has a 1-year low of $32.84 and a 1-year high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results on Thursday, July 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.35). Phillips Edison & Company, Inc. had a return on equity of 5.52% and a net margin of 19.14%.The firm had revenue of $189.62 million during the quarter, compared to analysts’ expectations of $187.46 million. During the same period in the prior year, the company earned $0.64 EPS. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. As a group, sell-side analysts anticipate that Phillips Edison & Company, Inc. will post 2.76 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, August 4th. Stockholders of record on Wednesday, July 15th will be paid a $0.1083 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. Phillips Edison & Company, Inc.’s dividend payout ratio is 113.04%.

Phillips Edison & Company, Inc. Profile

Phillips Edison & Company, Inc is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of grocery-anchored, necessity-based shopping centers. The company’s investment strategy is centered on properties that benefit from everyday consumer demand, seeking to deliver stable cash flows through long-term, triple-net leases with national and regional tenants in the grocery, drugstore and essential retail sectors.

In addition to its core retail portfolio, Phillips Edison & Company provides integrated services covering property management, asset management, leasing, development and acquisition sourcing.