Principal Financial Group Inc. Grows Position in Phillips Edison & Company, Inc. $PECO

Principal Financial Group Inc. lifted its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 2.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 612,129 shares of the company’s stock after purchasing an additional 12,155 shares during the quarter. Principal Financial Group Inc. owned about 0.49% of Phillips Edison & Company, Inc. worth $22,906,000 as of its most recent filing with the Securities & Exchange Commission.

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

Phillips Edison & Company, Inc. Price Performance

PECO stock opened at $43.58 on Wednesday. Phillips Edison & Company, Inc. has a 1-year low of $32.84 and a 1-year high of $44.38. The business has a fifty day moving average price of $41.24 and a 200-day moving average price of $38.94. The stock has a market capitalization of $5.48 billion, a P/E ratio of 47.37, a P/E/G ratio of 2.33 and a beta of 0.52.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced 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). Phillips Edison & Company, Inc. had a net margin of 15.61% and a return on equity of 4.46%. The business had revenue of $190.74 million for the quarter, compared to the consensus estimate of $184.91 million. During the same period in the previous year, the company earned $0.65 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. As a group, analysts anticipate 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 declared a monthly dividend, which will be paid on Tuesday, August 4th. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.1083 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 141.30%.

Analysts Set New Price Targets

PECO has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Weiss Ratings downgraded shares of Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. UBS Group lifted 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 report on Thursday, July 9th. Morgan Stanley boosted their price target on Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th. Finally, Barclays upped their price target on Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $43.43.

Phillips Edison & Company, Inc. Company 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.