JPMorgan Chase & Co. Buys 99,167 Shares of Phillips Edison & Company, Inc. $PECO

JPMorgan Chase & Co. raised its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 9.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,100,942 shares of the company’s stock after purchasing an additional 99,167 shares during the period. JPMorgan Chase & Co. owned 0.88% of Phillips Edison & Company, Inc. worth $37,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Osaic Holdings Inc. increased its position in Phillips Edison & Company, Inc. by 31.3% during the second quarter. Osaic Holdings Inc. now owns 270,642 shares of the company’s stock valued at $9,521,000 after acquiring an additional 64,465 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Phillips Edison & Company, Inc. by 1.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,209,158 shares of the company’s stock valued at $77,387,000 after acquiring an additional 35,107 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Phillips Edison & Company, Inc. in the 2nd quarter worth about $250,000. Engineers Gate Manager LP purchased a new position in shares of Phillips Edison & Company, Inc. during the 2nd quarter worth about $32,695,000. Finally, Rhumbline Advisers boosted its stake in shares of Phillips Edison & Company, Inc. by 2.6% during the 2nd quarter. Rhumbline Advisers now owns 395,088 shares of the company’s stock worth $13,840,000 after purchasing an additional 10,118 shares during the period. 80.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of Phillips Edison & Company, Inc. from $36.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday. Weiss Ratings raised shares of Phillips Edison & Company, Inc. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 13th. KeyCorp reaffirmed a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a research note on Thursday, December 18th. Barclays reduced their price target on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, March 2nd. Finally, Evercore set a $42.00 price target on Phillips Edison & Company, Inc. and gave the stock an “outperform” rating in a research note on Friday, February 6th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $39.43.

Phillips Edison & Company, Inc. Price Performance

Shares of PECO opened at $36.81 on Friday. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 41.36, a PEG ratio of 0.94 and a beta of 0.51. Phillips Edison & Company, Inc. has a 1-year low of $32.40 and a 1-year high of $40.06. The company has a 50-day moving average of $37.43 and a 200 day moving average of $35.76.

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 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 quarter in the prior year, the company earned $0.62 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. On average, 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 company 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 dividend of $0.1083 per share. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, May 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 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.