Phillips Edison & Company, Inc. $PECO Shares Sold by Diversify Wealth Management LLC

Diversify Wealth Management LLC cut its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 26.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,525 shares of the company’s stock after selling 15,300 shares during the quarter. Diversify Wealth Management LLC’s holdings in Phillips Edison & Company, Inc. were worth $1,441,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PECO shares. Weiss Ratings upgraded 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 price target on Phillips Edison & Company, Inc. and gave the stock an “outperform” rating in a research note on Friday, February 6th. KeyCorp reissued a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a research note on Thursday, December 18th. UBS Group raised their price objective on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Finally, Morgan Stanley increased their target price on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company an “equal weight” rating in a research report on Monday, January 5th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Phillips Edison & Company, Inc. presently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Phillips Edison & Company, Inc. Stock Performance

NASDAQ PECO opened at $39.28 on Friday. The stock’s fifty day moving average is $36.54 and its two-hundred day moving average is $35.33. The firm has a market capitalization of $4.94 billion, a P/E ratio of 44.14, a price-to-earnings-growth ratio of 1.01 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 $40.06.

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

Phillips Edison & Company, Inc. Announces Dividend

The company also recently announced 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. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, May 15th. Phillips Edison & Company, Inc.’s payout ratio 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.