JPMorgan Chase & Co. Acquires 99,167 Shares of Phillips Edison & Company, Inc. $PECO

JPMorgan Chase & Co. lifted its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 9.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,100,942 shares of the company’s stock after buying an additional 99,167 shares during the period. JPMorgan Chase & Co. owned about 0.88% of Phillips Edison & Company, Inc. worth $37,795,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Assetmark Inc. acquired a new position in shares of Phillips Edison & Company, Inc. in the second quarter worth approximately $28,000. Jones Financial Companies Lllp increased its holdings in shares of Phillips Edison & Company, Inc. by 2,590.0% during the third quarter. Jones Financial Companies Lllp now owns 1,076 shares of the company’s stock valued at $37,000 after acquiring an additional 1,036 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Phillips Edison & Company, Inc. by 418.1% during the third quarter. Hantz Financial Services Inc. now owns 1,119 shares of the company’s stock worth $38,000 after buying an additional 903 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Phillips Edison & Company, Inc. by 49.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,604 shares of the company’s stock worth $91,000 after acquiring an additional 865 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Phillips Edison & Company, Inc. by 35.3% in the third quarter. Covestor Ltd now owns 2,850 shares of the company’s stock valued at $98,000 after purchasing an additional 744 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Down 0.3%

Shares of NASDAQ:PECO opened at $39.28 on Friday. Phillips Edison & Company, Inc. has a 12-month low of $32.40 and a 12-month high of $40.06. The stock has a fifty day simple moving average of $36.54 and a two-hundred day simple moving average of $35.33. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 44.14, a PEG ratio of 1.01 and a beta of 0.53.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.28). Phillips Edison & Company, Inc. had a net margin of 15.32% and a return on equity of 4.29%. The firm had revenue of $187.86 million for the quarter, compared to analysts’ expectations of $183.18 million. During the same quarter in the previous year, the company earned $0.62 EPS. The company’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, equities research analysts predict 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. Stockholders of record on Friday, May 15th will be issued a dividend of $0.1083 per share. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, May 15th. Phillips Edison & Company, Inc.’s payout ratio is presently 146.07%.

Analysts Set New Price Targets

Several research analysts have weighed in on PECO shares. Evercore set a $42.00 price objective on Phillips Edison & Company, Inc. and gave the stock an “outperform” rating in a research report on Friday, February 6th. Barclays reiterated a “positive” rating and issued a $41.00 price objective on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, January 13th. KeyCorp reissued a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a report on Thursday, December 18th. Morgan Stanley lifted their price objective on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. Finally, Wall Street Zen raised shares of Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.00.

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.