Ameritas Advisory Services LLC Sells 18,860 Shares of Phillips Edison & Company, Inc. $PECO

Ameritas Advisory Services LLC reduced its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 35.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,456 shares of the company’s stock after selling 18,860 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Phillips Edison & Company, Inc. were worth $1,183,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Metis Global Partners LLC lifted its holdings in Phillips Edison & Company, Inc. by 36.3% during the 3rd quarter. Metis Global Partners LLC now owns 28,273 shares of the company’s stock valued at $971,000 after purchasing an additional 7,533 shares during the last quarter. Assetmark Inc. raised its position in shares of Phillips Edison & Company, Inc. by 1,108.7% in the third quarter. Assetmark Inc. now owns 9,597 shares of the company’s stock valued at $329,000 after purchasing an additional 8,803 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of Phillips Edison & Company, Inc. by 14.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 489,959 shares of the company’s stock worth $16,820,000 after buying an additional 62,477 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in shares of Phillips Edison & Company, Inc. by 418.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,119 shares of the company’s stock worth $38,000 after buying an additional 903 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Phillips Edison & Company, Inc. by 2,590.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,076 shares of the company’s stock worth $37,000 after buying an additional 1,036 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analysts Set New Price Targets

PECO has been the topic of several recent research reports. Barclays reiterated a “positive” rating and set a $41.00 price objective on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, January 13th. UBS Group upped their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Mizuho set a $39.00 price target on shares of Phillips Edison & Company, Inc. in a research report on Friday, January 9th. Morgan Stanley boosted their price objective on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company an “equal weight” rating in a report on Monday, January 5th. Finally, KeyCorp restated a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a research report on Thursday, December 18th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Phillips Edison & Company, Inc. has a consensus rating of “Moderate Buy” and an average price target of $39.38.

Phillips Edison & Company, Inc. Price Performance

Phillips Edison & Company, Inc. stock opened at $38.20 on Friday. The stock’s 50 day moving average is $35.84 and its 200 day moving average is $34.98. Phillips Edison & Company, Inc. has a one year low of $32.40 and a one year high of $38.67. The firm has a market cap of $4.81 billion, a P/E ratio of 42.92, a P/E/G ratio of 0.96 and a beta of 0.53.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results on Thursday, February 5th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.28). Phillips Edison & Company, Inc. had a return on equity of 4.29% and a net margin of 15.32%.The company had revenue of $187.86 million for the quarter, compared to the consensus estimate of $183.18 million. During the same period in the prior year, the company earned $0.62 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. Equities analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share 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, June 2nd. Investors of record on Friday, May 15th will be issued a $0.1083 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, May 15th. Phillips Edison & Company, Inc.’s payout ratio is 146.07%.

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.