Rhumbline Advisers Decreases Stake in Phillips Edison & Company, Inc. $PECO

Rhumbline Advisers lessened its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 3.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 380,762 shares of the company’s stock after selling 14,326 shares during the quarter. Rhumbline Advisers owned 0.30% of Phillips Edison & Company, Inc. worth $13,072,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Phillips Edison & Company, Inc. in the 2nd quarter valued at $55,410,000. Engineers Gate Manager LP acquired a new stake in Phillips Edison & Company, Inc. in the 2nd quarter valued at $32,695,000. Balyasny Asset Management L.P. purchased a new position in Phillips Edison & Company, Inc. in the second quarter valued at about $22,434,000. Granite Investment Partners LLC acquired a new position in shares of Phillips Edison & Company, Inc. during the second quarter worth about $7,774,000. Finally, State Street Corp boosted its position in shares of Phillips Edison & Company, Inc. by 2.3% in the second quarter. State Street Corp now owns 7,349,080 shares of the company’s stock worth $258,169,000 after buying an additional 166,108 shares during the period. 80.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PECO. Wall Street Zen upgraded Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Morgan Stanley lifted 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 research note on Monday, January 5th. Weiss Ratings upgraded shares of Phillips Edison & Company, Inc. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 13th. Barclays reaffirmed a “positive” rating and set a $41.00 price target on shares of Phillips Edison & Company, Inc. in a report on Tuesday, January 13th. Finally, Evercore set a $42.00 price objective on shares of Phillips Edison & Company, Inc. and gave the stock an “outperform” rating in a report on Friday, February 6th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $39.00.

Phillips Edison & Company, Inc. Stock Up 0.7%

PECO opened at $38.36 on Friday. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 43.10, a price-to-earnings-growth ratio of 0.97 and a beta of 0.53. Phillips Edison & Company, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $38.67. The company’s 50-day moving average price is $36.13 and its 200 day moving average price is $35.10.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results on Thursday, February 5th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.28). The company had revenue of $187.86 million during the quarter, compared to analyst estimates of $183.18 million. Phillips Edison & Company, Inc. had a net margin of 15.32% and a return on equity of 4.29%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. Research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be issued a dividend of $0.1083 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 3.4%. 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.