Centaurus Financial Inc. Sells 46,288 Shares of Phillips Edison & Company, Inc. $PECO

Centaurus Financial Inc. lessened its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 42.2% in the first quarter, HoldingsChannel reports. The firm owned 63,427 shares of the company’s stock after selling 46,288 shares during the quarter. Centaurus Financial Inc.’s holdings in Phillips Edison & Company, Inc. were worth $2,373,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PECO. Flagship Harbor Advisors LLC purchased a new position in Phillips Edison & Company, Inc. during the 4th quarter valued at about $31,000. Aster Capital Management DIFC Ltd increased its stake in shares of Phillips Edison & Company, Inc. by 55.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,053 shares of the company’s stock valued at $37,000 after purchasing an additional 376 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Phillips Edison & Company, Inc. by 143.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock valued at $41,000 after purchasing an additional 672 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Phillips Edison & Company, Inc. during the third quarter valued at approximately $43,000. Finally, Prosperity Bancshares Inc bought a new stake in shares of Phillips Edison & Company, Inc. in the 4th quarter worth approximately $50,000. 80.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PECO. Wells Fargo & Company raised their price objective on Phillips Edison & Company, Inc. from $42.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Weiss Ratings raised Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. UBS Group lifted their price target on Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Griffin Securities set a $47.00 price objective on shares of Phillips Edison & Company, Inc. in a research report on Monday. Finally, Barclays raised their price objective on shares of Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $44.50.

Phillips Edison & Company, Inc. Trading Down 0.8%

PECO opened at $42.44 on Friday. The company’s 50 day moving average is $41.68 and its 200 day moving average is $39.33. The company has a market cap of $5.34 billion, a price-to-earnings ratio of 36.90, a PEG ratio of 2.22 and a beta of 0.52. Phillips Edison & Company, Inc. has a 12-month low of $32.84 and a 12-month high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.33 earnings per share 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 business had revenue of $189.62 million during the quarter, compared to the consensus estimate of $187.46 million. During the same quarter in the previous year, the business posted $0.64 earnings per share. The firm’s revenue was up 6.7% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. As a group, analysts predict that Phillips Edison & Company, Inc. will post 2.76 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Wednesday, July 15th will be given a $0.1083 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 3.1%. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 113.04%.

About Phillips Edison & Company, Inc.

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.