Phillips Edison & Company, Inc. (NASDAQ:PECO) Sees Significant Increase in Short Interest

Phillips Edison & Company, Inc. (NASDAQ:PECO) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 3,401,828 shares, a growth of 35.7% from the January 15th total of 2,506,803 shares. Currently, 2.9% of the shares of the stock are short sold. Based on an average trading volume of 811,762 shares, the days-to-cover ratio is presently 4.2 days. Based on an average trading volume of 811,762 shares, the days-to-cover ratio is presently 4.2 days. Currently, 2.9% of the shares of the stock are short sold.

Phillips Edison & Company, Inc. Price Performance

NASDAQ:PECO traded up $0.35 during mid-day trading on Friday, reaching $38.20. 1,600,718 shares of the company’s stock traded hands, compared to its average volume of 877,717. The company has a 50 day moving average price of $35.84 and a 200-day moving average price of $34.98. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 42.92, a PEG ratio of 0.97 and a beta of 0.53. Phillips Edison & Company, Inc. has a 12-month low of $32.40 and a 12-month high of $38.67.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.28). Phillips Edison & Company, Inc. had a return on equity of 4.29% and a net margin of 15.32%.The business had revenue of $187.86 million during the quarter, compared to the consensus estimate of $183.18 million. During the same quarter in the prior year, the business posted $0.62 earnings per share. Phillips Edison & Company, Inc.’s quarterly revenue was up 8.6% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. As a group, analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be given a dividend of $0.1083 per share. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, May 15th. Phillips Edison & Company, Inc.’s payout ratio is presently 146.07%.

Analyst Upgrades and Downgrades

PECO has been the subject of several recent research reports. Morgan Stanley boosted their price target on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Monday, January 5th. KeyCorp reissued a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a research note on Thursday, December 18th. Barclays restated a “positive” rating and set a $41.00 target price on shares of Phillips Edison & Company, Inc. in a report on Tuesday, January 13th. Weiss Ratings raised Phillips Edison & Company, Inc. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Finally, Evercore ISI set a $42.00 price objective on Phillips Edison & Company, Inc. and gave the company an “outperform” rating in a research note on Friday, February 6th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Phillips Edison & Company, Inc. currently has a consensus rating of “Moderate Buy” and an average target price of $39.38.

Institutional Investors Weigh In On Phillips Edison & Company, Inc.

Large investors have recently modified their holdings of the stock. Assetmark Inc. bought a new position in Phillips Edison & Company, Inc. in the second quarter worth about $28,000. Flagship Harbor Advisors LLC purchased a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter worth approximately $31,000. Jones Financial Companies Lllp raised its position in shares of Phillips Edison & Company, Inc. by 2,590.0% in the 3rd 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 in the last quarter. Hantz Financial Services Inc. raised its position in shares of Phillips Edison & Company, Inc. by 418.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,119 shares of the company’s stock worth $38,000 after acquiring an additional 903 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Phillips Edison & Company, Inc. by 143.6% in 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. Institutional investors own 80.70% of the company’s stock.

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.