Kennedy Capital Management LLC Buys 58,868 Shares of Phillips Edison & Company, Inc. $PECO

Kennedy Capital Management LLC lifted its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 20.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 349,583 shares of the company’s stock after acquiring an additional 58,868 shares during the period. Kennedy Capital Management LLC’s holdings in Phillips Edison & Company, Inc. were worth $12,435,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new position in shares of Phillips Edison & Company, Inc. in the fourth quarter worth $31,000. Jones Financial Companies Lllp boosted 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 worth $37,000 after acquiring an additional 1,036 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Phillips Edison & Company, Inc. by 143.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock worth $41,000 after acquiring an additional 672 shares during the period. Quantbot Technologies LP bought a new position in shares of Phillips Edison & Company, Inc. in the third quarter worth $43,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Phillips Edison & Company, Inc. by 6,850.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,529 shares of the company’s stock worth $52,000 after acquiring an additional 1,507 shares during the period. 80.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PECO. Weiss Ratings lowered Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Barclays raised their price target on Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. Evercore reaffirmed an “outperform” rating and issued a $43.00 price target on shares of Phillips Edison & Company, Inc. in a report on Monday, April 27th. Wells Fargo & Company lifted 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. Finally, Morgan Stanley lifted 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. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $41.43.

Phillips Edison & Company, Inc. Stock Performance

NASDAQ:PECO opened at $41.98 on Monday. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 45.63, a P/E/G ratio of 2.24 and a beta of 0.53. Phillips Edison & Company, Inc. has a 52-week low of $32.84 and a 52-week high of $42.26. The stock has a fifty day moving average of $39.60 and a 200 day moving average of $37.68.

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

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, August 4th. Investors of record on Wednesday, July 15th will be paid a dividend of $0.1083 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 3.1%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 141.30%.

About Phillips Edison & Company, Inc.

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.