Bank of New York Mellon Corp Sells 22,885 Shares of Phillips Edison & Company, Inc. $PECO

Bank of New York Mellon Corp cut its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 2.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 942,612 shares of the company’s stock after selling 22,885 shares during the quarter. Bank of New York Mellon Corp owned about 0.75% of Phillips Edison & Company, Inc. worth $35,273,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Verition Fund Management LLC raised its holdings in Phillips Edison & Company, Inc. by 2,343.2% during the fourth quarter. Verition Fund Management LLC now owns 513,076 shares of the company’s stock valued at $18,250,000 after buying an additional 492,076 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Phillips Edison & Company, Inc. by 33.5% during the 4th quarter. Hsbc Holdings PLC now owns 248,985 shares of the company’s stock worth $8,856,000 after acquiring an additional 62,523 shares in the last quarter. M&T Bank Corp acquired a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter valued at about $27,133,000. Kennedy Capital Management LLC raised its stake in shares of Phillips Edison & Company, Inc. by 20.2% in the 4th quarter. Kennedy Capital Management LLC now owns 349,583 shares of the company’s stock valued at $12,435,000 after acquiring an additional 58,868 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new position in shares of Phillips Edison & Company, Inc. in the 3rd quarter valued at approximately $2,891,000. 80.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on PECO. Evercore restated an “outperform” rating and issued a $44.00 target price on shares of Phillips Edison & Company, Inc. in a report on Tuesday, July 7th. Wells Fargo & Company increased their price target on Phillips Edison & Company, Inc. from $42.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday. Morgan Stanley lifted their price target on shares of Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, July 10th. Weiss Ratings upgraded shares of Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Finally, UBS Group upped their price objective on shares of Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Phillips Edison & Company, Inc. has an average rating of “Hold” and a consensus price target of $44.14.

Phillips Edison & Company, Inc. Stock Performance

NASDAQ:PECO opened at $43.53 on Monday. The firm’s 50-day moving average is $41.46 and its 200-day moving average is $39.11. Phillips Edison & Company, Inc. has a 52-week low of $32.84 and a 52-week high of $44.38. The company has a market cap of $5.48 billion, a price-to-earnings ratio of 37.85, a PEG ratio of 2.32 and a beta of 0.52.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its earnings results on Thursday, July 23rd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.35). Phillips Edison & Company, Inc. had a net margin of 19.14% and a return on equity of 5.52%. The company had revenue of $189.62 million during the quarter, compared to the consensus estimate of $187.46 million. During the same quarter in the previous year, the business posted $0.64 EPS. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. Equities analysts predict that Phillips Edison & Company, Inc. will post 2.76 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Wednesday, July 15th will be issued a $0.1083 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 3.0%. Phillips Edison & Company, Inc.’s dividend payout ratio is 113.04%.

Key Headlines Impacting Phillips Edison & Company, Inc.

Here are the key news stories impacting Phillips Edison & Company, Inc. this week:

• Positive Sentiment: Moody’s revised Phillips Edison & Company’s outlook to positive while affirming its Baa2 senior unsecured rating, which can signal improving credit quality and lower financing-risk concerns. Moody’s Updates Phillips Edison & Company Outlook to Positive
• Positive Sentiment: The company reported Q2 FFO of $0.69 per share, slightly ahead of the Zacks consensus estimate of $0.68, suggesting core operating performance was better than expected for a shopping-center REIT. Phillips Edison & Company, Inc. (PECO) Beats Q2 FFO Estimates
• Neutral Sentiment: Second-quarter revenue of $189.6 million was slightly above expectations, but reported EPS of $0.33 missed consensus by a wide margin versus $0.64 a year ago, highlighting pressure on bottom-line earnings. Phillips Edison & Company Reports Second Quarter 2026 Results
• Neutral Sentiment: The company maintained solid revenue growth, with quarterly revenue up 6.7% year over year, which helps offset concerns about the EPS miss but does not fully remove them. Listen to Conference Call
• Negative Sentiment: Phillips Edison & Company also cut its FY 2026 EPS guidance to $0.95-$0.97, well below the market’s prior expectations, which could weigh on sentiment despite the supportive rating action. Phillips Edison & Company Reports Second Quarter 2026 Results

Phillips Edison & Company, Inc. Company 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.