Commonwealth Equity Services LLC Sells 16,183 Shares of Phillips Edison & Company, Inc. $PECO

Commonwealth Equity Services LLC reduced its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 159,902 shares of the company’s stock after selling 16,183 shares during the period. Commonwealth Equity Services LLC owned about 0.13% of Phillips Edison & Company, Inc. worth $5,688,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Flagship Harbor Advisors LLC purchased a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter valued at approximately $31,000. Jones Financial Companies Lllp boosted its stake in shares of Phillips Edison & Company, Inc. by 2,590.0% during 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 period. Hantz Financial Services Inc. boosted its stake in shares of 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 valued at $38,000 after purchasing an additional 903 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Phillips Edison & Company, Inc. during the third quarter valued at approximately $43,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Phillips Edison & Company, Inc. by 6,850.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,529 shares of the company’s stock valued at $52,000 after purchasing an additional 1,507 shares during the period. 80.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PECO. UBS Group increased their price objective on Phillips Edison & Company, Inc. from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Wells Fargo & Company increased their price objective on Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Morgan Stanley increased their price objective on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 21st. Weiss Ratings lowered Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Finally, Barclays increased their price objective on Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $41.43.

Phillips Edison & Company, Inc. Stock Up 2.9%

Shares of PECO stock opened at $40.31 on Friday. The stock has a fifty day moving average of $39.17 and a 200 day moving average of $37.42. Phillips Edison & Company, Inc. has a 52 week low of $32.84 and a 52 week high of $41.07. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 43.82, a PEG ratio of 2.09 and a beta of 0.53.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.43). Phillips Edison & Company, Inc. had a return on equity of 4.46% and a net margin of 15.61%.The business had revenue of $190.74 million during the quarter, compared to analysts’ expectations of $184.91 million. During the same period in the previous year, the business earned $0.65 EPS. The business’s revenue was up 6.9% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. Equities research analysts anticipate that Phillips Edison & Company, Inc. will post 2.76 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 4th. Investors of record on Wednesday, July 15th will be paid a $0.1083 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 3.2%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 141.30%.

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.