Envestnet Asset Management Inc. Sells 57,186 Shares of Phillips Edison & Company, Inc. $PECO

Envestnet Asset Management Inc. reduced its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 73.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,961 shares of the company’s stock after selling 57,186 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Phillips Edison & Company, Inc. were worth $720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of PECO. Lazard Asset Management LLC raised its position in shares of Phillips Edison & Company, Inc. by 1.0% during the 2nd quarter. Lazard Asset Management LLC now owns 30,876 shares of the company’s stock valued at $1,081,000 after buying an additional 314 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in Phillips Edison & Company, Inc. by 3.3% in the second quarter. Ameritas Investment Partners Inc. now owns 14,911 shares of the company’s stock worth $522,000 after acquiring an additional 479 shares in the last quarter. Arizona State Retirement System increased its stake in Phillips Edison & Company, Inc. by 1.4% in the third quarter. Arizona State Retirement System now owns 37,096 shares of the company’s stock valued at $1,274,000 after acquiring an additional 507 shares during the last quarter. Amalgamated Bank raised its position in Phillips Edison & Company, Inc. by 1.5% during the third quarter. Amalgamated Bank now owns 36,153 shares of the company’s stock valued at $1,241,000 after purchasing an additional 528 shares in the last quarter. Finally, M&G PLC lifted its stake in Phillips Edison & Company, Inc. by 11.1% during the second quarter. M&G PLC now owns 5,631 shares of the company’s stock worth $197,000 after purchasing an additional 564 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PECO shares. Mizuho set a $39.00 price objective on Phillips Edison & Company, Inc. in a report on Friday, January 9th. UBS Group boosted their target price on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Wall Street Zen upgraded shares of Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Evercore set a $42.00 price target on shares of Phillips Edison & Company, Inc. and gave the stock an “outperform” rating in a research note on Friday, February 6th. Finally, Morgan Stanley upped 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. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.86.

Phillips Edison & Company, Inc. Stock Down 0.7%

Shares of NASDAQ PECO opened at $39.40 on Thursday. The firm’s fifty day moving average is $36.78 and its 200 day 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. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 44.27, a PEG ratio of 1.01 and a beta of 0.51.

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

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be issued a $0.1083 dividend. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a 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.