Phillips Edison & Company, Inc. (NASDAQ:PECO) Releases Earnings Results, Beats Estimates By $0.15 EPS

Phillips Edison & Company, Inc. (NASDAQ:PECO) released its quarterly earnings data on Thursday. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.15, FiscalAI reports. The business had revenue of $189.62 million during the quarter, compared to analyst estimates of $187.46 million. Phillips Edison & Company, Inc. had a net margin of 15.61% and a return on equity of 4.46%. Phillips Edison & Company, Inc. updated its FY 2026 guidance to 0.950-0.970 EPS.

Phillips Edison & Company, Inc. Stock Down 1.6%

PECO stock traded down $0.68 during mid-day trading on Thursday, reaching $42.68. 926,437 shares of the stock traded hands, compared to its average volume of 950,643. Phillips Edison & Company, Inc. has a 52 week low of $32.84 and a 52 week high of $44.38. The business has a 50-day moving average of $41.32 and a two-hundred day moving average of $39.00. The firm has a market capitalization of $5.37 billion, a PE ratio of 46.39, a P/E/G ratio of 2.32 and a beta of 0.52.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.1083 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 3.0%. Phillips Edison & Company, Inc.’s payout ratio is currently 141.30%.

Wall Street Analyst Weigh In

Several research firms have weighed in on PECO. UBS Group raised their target price on Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. LADENBURG THALM/SH SH increased their price objective on Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Evercore reissued an “outperform” rating and issued a $44.00 price objective on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, July 7th. Wells Fargo & Company boosted their target price on Phillips Edison & Company, Inc. from $42.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Morgan Stanley upped their target price on Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th. 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 an average price target of $44.14.

Hedge Funds Weigh In On Phillips Edison & Company, Inc.

A number of institutional investors have recently made changes to their positions in PECO. Aster Capital Management DIFC Ltd lifted its position in shares of Phillips Edison & Company, Inc. by 55.5% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,053 shares of the company’s stock worth $37,000 after purchasing an additional 376 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Phillips Edison & Company, Inc. by 143.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock valued at $41,000 after purchasing an additional 672 shares during the period. Quantbot Technologies LP acquired a new stake in Phillips Edison & Company, Inc. in the 3rd quarter valued at approximately $43,000. Prosperity Bancshares Inc acquired a new stake in Phillips Edison & Company, Inc. in the 4th quarter valued at approximately $50,000. Finally, Caitong International Asset Management Co. Ltd increased its position in Phillips Edison & Company, Inc. by 6,850.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,529 shares of the company’s stock worth $52,000 after buying an additional 1,507 shares during the period. 80.70% of the stock is currently owned by institutional investors.

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.