Phillips Edison & Company, Inc. $PECO Shares Purchased by Verition Fund Management LLC

Verition Fund Management LLC boosted its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 2,343.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 513,076 shares of the company’s stock after purchasing an additional 492,076 shares during the period. Verition Fund Management LLC’s holdings in Phillips Edison & Company, Inc. were worth $18,250,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Phillips Edison & Company, Inc. by 2.3% during the second quarter. State Street Corp now owns 7,349,080 shares of the company’s stock valued at $258,169,000 after acquiring an additional 166,108 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Phillips Edison & Company, Inc. by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,322,844 shares of the company’s stock valued at $82,624,000 after acquiring an additional 86,749 shares in the last quarter. Norges Bank acquired a new position in Phillips Edison & Company, Inc. in the fourth quarter worth about $70,850,000. Balyasny Asset Management L.P. grew its stake in Phillips Edison & Company, Inc. by 191.9% in the third quarter. Balyasny Asset Management L.P. now owns 1,869,618 shares of the company’s stock worth $64,184,000 after purchasing an additional 1,229,186 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Phillips Edison & Company, Inc. by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,824,940 shares of the company’s stock worth $64,914,000 after purchasing an additional 65,714 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Stock Down 1.2%

Shares of NASDAQ PECO opened at $41.48 on Tuesday. The firm’s 50-day moving average price is $39.68 and its two-hundred day moving average price is $37.72. Phillips Edison & Company, Inc. has a 52-week low of $32.84 and a 52-week high of $42.26. The stock has a market capitalization of $5.22 billion, a P/E ratio of 45.09, a P/E/G ratio of 2.24 and a beta of 0.53.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.43). Phillips Edison & Company, Inc. had a net margin of 15.61% and a return on equity of 4.46%. The business had revenue of $190.74 million for the quarter, compared to the consensus estimate of $184.91 million. During the same period last year, the firm posted $0.65 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. As a group, equities research analysts expect 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. Shareholders of record on Wednesday, July 15th will be given a $0.1083 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 3.1%. Phillips Edison & Company, Inc.’s payout ratio is 141.30%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Evercore reiterated an “outperform” rating and issued a $43.00 price target on shares of Phillips Edison & Company, Inc. in a research note on Monday, April 27th. Barclays lifted their price target on Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. Morgan Stanley lifted their price target on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Weiss Ratings downgraded Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Finally, Wells Fargo & Company lifted their price target on Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $41.43.

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.