Entropy Technologies LP Decreases Stake in Phillips Edison & Company, Inc. $PECO

Entropy Technologies LP cut its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 45.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 21,043 shares of the company’s stock after selling 17,252 shares during the period. Entropy Technologies LP’s holdings in Phillips Edison & Company, Inc. were worth $787,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Flagship Harbor Advisors LLC purchased a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter worth approximately $31,000. Aster Capital Management DIFC Ltd lifted its stake in Phillips Edison & Company, Inc. by 55.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,053 shares of the company’s stock worth $37,000 after acquiring an additional 376 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in 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 last quarter. Quantbot Technologies LP acquired a new position in Phillips Edison & Company, Inc. during the 3rd quarter worth approximately $43,000. Finally, Prosperity Bancshares Inc acquired a new position in Phillips Edison & Company, Inc. during the 4th quarter worth approximately $50,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Stock Down 1.6%

Shares of PECO opened at $42.64 on Wednesday. The stock has a 50 day moving average price of $41.59 and a 200 day moving average price of $39.22. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 37.08, a price-to-earnings-growth ratio of 2.31 and a beta of 0.52. Phillips Edison & Company, Inc. has a 52-week low of $32.84 and a 52-week high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.35). Phillips Edison & Company, Inc. had a net margin of 19.14% and a return on equity of 5.52%. The company had revenue of $189.62 million during the quarter, compared to analysts’ expectations of $187.46 million. During the same quarter in the prior year, the company earned $0.64 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. On average, equities analysts anticipate that Phillips Edison & Company, Inc. will post 2.76 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, August 4th. Investors of record on Wednesday, July 15th will be given a $0.1083 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 113.04%.

Wall Street Analysts Forecast Growth

PECO has been the topic of a number of recent analyst reports. 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 report on Friday, July 10th. Wells Fargo & Company boosted their target price on shares of Phillips Edison & Company, Inc. from $42.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Weiss Ratings upgraded shares of Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Griffin Securities set a $47.00 target price on Phillips Edison & Company, Inc. in a report on Monday. Finally, LADENBURG THALM/SH SH raised their price target on Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $44.50.

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.