J.W. Cole Advisors Inc. Sells 30,062 Shares of Phillips Edison & Company, Inc. $PECO

J.W. Cole Advisors Inc. lessened its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 14.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,165 shares of the company’s stock after selling 30,062 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Phillips Edison & Company, Inc. were worth $6,159,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC bought a new position in Phillips Edison & Company, Inc. in the 4th quarter valued at approximately $31,000. Jones Financial Companies Lllp raised its holdings in Phillips Edison & Company, Inc. by 2,590.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,076 shares of the company’s stock valued at $37,000 after buying an additional 1,036 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in Phillips Edison & Company, Inc. by 418.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,119 shares of the company’s stock valued at $38,000 after buying an additional 903 shares during the last quarter. Quantbot Technologies LP bought a new position in Phillips Edison & Company, Inc. in the 3rd quarter valued at approximately $43,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Phillips Edison & Company, Inc. by 6,850.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,529 shares of the company’s stock valued at $52,000 after buying an additional 1,507 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

Wall Street Analysts Forecast Growth

PECO has been the subject of a number of research reports. Morgan Stanley raised their price objective on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, April 21st. Evercore restated an “outperform” rating and set a $43.00 price target on shares of Phillips Edison & Company, Inc. in a report on Monday, April 27th. Weiss Ratings downgraded shares of Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. UBS Group boosted their price target on shares of Phillips Edison & Company, Inc. from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Finally, Wells Fargo & Company boosted their price target on shares of Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Phillips Edison & Company, Inc. has a consensus rating of “Hold” and a consensus price target of $41.43.

Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ PECO opened at $40.31 on Friday. The company has a market capitalization of $5.07 billion, a P/E ratio of 43.82, a price-to-earnings-growth ratio of 2.09 and a beta of 0.53. Phillips Edison & Company, Inc. has a 52-week low of $32.84 and a 52-week high of $41.07. The company’s 50 day moving average price is $39.17 and its 200-day moving average price is $37.42.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.43). The firm had revenue of $190.74 million during the quarter, compared to analyst estimates of $184.91 million. Phillips Edison & Company, Inc. had a return on equity of 4.46% and a net margin of 15.61%.The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. Analysts forecast that Phillips Edison & Company, Inc. will post 2.76 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business 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 is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 3.2%. Phillips Edison & Company, Inc.’s payout ratio is currently 141.30%.

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.