VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Phillips Edison & Company, Inc. $PECO

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 90,538 shares of the company’s stock, valued at approximately $3,768,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.07% of Phillips Edison & Company, Inc. as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of PECO. Verition Fund Management LLC grew its stake in shares of Phillips Edison & Company, Inc. by 2,343.2% in the 4th quarter. Verition Fund Management LLC now owns 513,076 shares of the company’s stock worth $18,250,000 after buying an additional 492,076 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Phillips Edison & Company, Inc. by 33.5% in the 4th quarter. Hsbc Holdings PLC now owns 248,985 shares of the company’s stock valued at $8,856,000 after acquiring an additional 62,523 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Phillips Edison & Company, Inc. by 4,823.2% in the 1st quarter. Fifth Third Bancorp now owns 34,216 shares of the company’s stock valued at $1,280,000 after acquiring an additional 33,521 shares during the last quarter. Kennedy Capital Management LLC grew its position in Phillips Edison & Company, Inc. by 20.2% in the fourth quarter. Kennedy Capital Management LLC now owns 349,583 shares of the company’s stock worth $12,435,000 after acquiring an additional 58,868 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Phillips Edison & Company, Inc. by 210.6% during the first quarter. First Trust Advisors LP now owns 119,885 shares of the company’s stock worth $4,486,000 after acquiring an additional 81,293 shares during the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Trading Down 0.9%

Shares of PECO opened at $38.73 on Thursday. The firm has a market cap of $4.98 billion, a PE ratio of 33.68, a P/E/G ratio of 2.02 and a beta of 0.50. Phillips Edison & Company, Inc. has a 12 month low of $32.98 and a 12 month high of $44.38. The stock has a fifty day moving average price of $41.09 and a 200-day moving average price of $40.02.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced 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 return on equity of 5.52% and a net margin of 19.14%.The business had revenue of $189.62 million for the quarter, compared to analysts’ expectations of $187.46 million. During the same quarter last year, the firm earned $0.64 earnings per share. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. As a group, research analysts forecast that Phillips Edison & Company, Inc. will post 2.77 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be paid a $0.115 dividend. The ex-dividend date is Monday, November 16th. This represents a c) dividend on an annualized basis and a yield of 3.6%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 113.04%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PECO shares. JPMorgan Chase & Co. increased their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Weiss Ratings upgraded Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Wells Fargo & Company lowered their price target on shares of Phillips Edison & Company, Inc. from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 1st. Morgan Stanley increased their price objective on shares of Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. Finally, Griffin Securities set a $47.00 price objective on shares of Phillips Edison & Company, Inc. in a report on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $44.33.

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.