Citigroup Inc. Sells 74,967 Shares of Phillips Edison & Company, Inc. $PECO

Citigroup Inc. decreased its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 37.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 127,453 shares of the company’s stock after selling 74,967 shares during the quarter. Citigroup Inc. owned approximately 0.10% of Phillips Edison & Company, Inc. worth $4,375,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PECO. Assetmark Inc. bought a new stake in shares of Phillips Edison & Company, Inc. during the 2nd quarter valued at about $28,000. Jones Financial Companies Lllp boosted its holdings in shares of Phillips Edison & Company, Inc. by 2,590.0% in the third 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 last quarter. Hantz Financial Services Inc. grew its position in Phillips Edison & Company, Inc. by 418.1% during the third 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 period. EverSource Wealth Advisors LLC grew its position in Phillips Edison & Company, Inc. by 49.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,604 shares of the company’s stock valued at $91,000 after buying an additional 865 shares during the period. Finally, Covestor Ltd increased its holdings in Phillips Edison & Company, Inc. by 35.3% during the third quarter. Covestor Ltd now owns 2,850 shares of the company’s stock valued at $98,000 after buying an additional 744 shares during the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Morgan Stanley lifted their price target on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Monday, January 5th. Evercore set a $42.00 target price on Phillips Edison & Company, Inc. and gave the stock an “outperform” rating in a report on Friday, February 6th. KeyCorp reissued a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a report on Thursday, December 18th. UBS Group raised their price objective on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Finally, Barclays cut their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $38.86.

Phillips Edison & Company, Inc. Stock Down 0.7%

Shares of Phillips Edison & Company, Inc. stock opened at $39.40 on Thursday. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 44.27, a PEG ratio of 1.01 and a beta of 0.51. The stock’s 50-day simple moving average is $36.78 and its 200-day simple moving average is $35.46. Phillips Edison & Company, Inc. has a 52 week low of $32.40 and a 52 week high of $40.06.

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 net margin of 15.32% and a return on equity of 4.29%. The business had revenue of $187.86 million for the quarter, compared to the consensus estimate of $183.18 million. During the same period last year, the business posted $0.62 EPS. The firm’s revenue for the quarter 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. On average, equities analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be issued a $0.1083 dividend. This represents a c) annualized dividend and a dividend yield of 3.3%. 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.