Aew Capital Management L P Sells 253,739 Shares of Phillips Edison & Company, Inc. $PECO

Aew Capital Management L P lessened its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 50.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 249,810 shares of the company’s stock after selling 253,739 shares during the quarter. Phillips Edison & Company, Inc. comprises approximately 0.5% of Aew Capital Management L P’s portfolio, making the stock its 26th biggest holding. Aew Capital Management L P owned 0.20% of Phillips Edison & Company, Inc. worth $8,576,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Phillips Edison & Company, Inc. during the 2nd quarter valued at $55,410,000. Engineers Gate Manager LP purchased a new position in Phillips Edison & Company, Inc. during the 2nd quarter valued at about $32,695,000. Balyasny Asset Management L.P. bought a new stake in shares of Phillips Edison & Company, Inc. during the second quarter valued at about $22,434,000. Granite Investment Partners LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the second quarter valued at about $7,774,000. Finally, State Street Corp lifted its holdings 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 in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings raised shares of Phillips Edison & Company, Inc. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. Evercore set a $42.00 target price on Phillips Edison & Company, Inc. and gave the stock an “outperform” rating in a research note on Friday, February 6th. Morgan Stanley raised their price target on 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. UBS Group boosted their price objective on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Finally, Barclays restated a “positive” rating and issued a $41.00 price objective on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, January 13th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $39.00.

Phillips Edison & Company, Inc. Stock Down 0.6%

NASDAQ:PECO opened at $38.93 on Wednesday. The firm has a market capitalization of $4.90 billion, a P/E ratio of 43.74, a P/E/G ratio of 1.00 and a beta of 0.53. The company has a fifty day moving average of $36.36 and a 200 day moving average of $35.23. Phillips Edison & Company, Inc. has a 52 week low of $32.40 and a 52 week high of $39.71.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.28). The business had revenue of $187.86 million during the quarter, compared to analysts’ expectations of $183.18 million. Phillips Edison & Company, Inc. had a return on equity of 4.29% and a net margin of 15.32%.The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. As a group, analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS 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. Investors of record on Friday, May 15th will be given 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 3.3%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 146.07%.

Phillips Edison & Company, Inc. 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.