Ameriflex Group Inc. Boosts Stake in Phillips Edison & Company, Inc. $PECO

Ameriflex Group Inc. increased its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 321.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,942 shares of the company’s stock after acquiring an additional 18,255 shares during the quarter. Ameriflex Group Inc.’s holdings in Phillips Edison & Company, Inc. were worth $822,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PECO. Assetmark Inc. purchased a new position in Phillips Edison & Company, Inc. in the 2nd quarter worth approximately $28,000. Jones Financial Companies Lllp increased 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 valued at $37,000 after purchasing an additional 1,036 shares during the last quarter. Hantz Financial Services Inc. lifted 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 worth $38,000 after buying an additional 903 shares in the last quarter. Quantbot Technologies LP purchased a new position in Phillips Edison & Company, Inc. during the third quarter worth approximately $43,000. Finally, EverSource Wealth Advisors LLC boosted its stake 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 worth $91,000 after buying an additional 865 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on PECO. Morgan Stanley raised their target price on 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. 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. Barclays cut their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, March 2nd. KeyCorp reaffirmed a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a research note on Thursday, December 18th. Finally, Mizuho set a $39.00 target price on shares of Phillips Edison & Company, Inc. in a report on Friday, January 9th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Phillips Edison & Company, Inc. has a consensus rating of “Hold” and a consensus price target of $38.86.

Phillips Edison & Company, Inc. Stock Performance

Phillips Edison & Company, Inc. stock opened at $38.71 on Friday. The company’s 50 day simple moving average is $36.90 and its 200-day simple moving average is $35.52. Phillips Edison & Company, Inc. has a 1 year low of $32.40 and a 1 year high of $40.06. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 43.49, a price-to-earnings-growth ratio of 1.00 and a beta of 0.51.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.28). The company had revenue of $187.86 million for 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 business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. Equities analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be paid a $0.1083 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. 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.