Phillips Edison & Company, Inc. $PECO Shares Acquired by Inceptionr LLC

Inceptionr LLC increased its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 95.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,441 shares of the company’s stock after buying an additional 17,801 shares during the period. Inceptionr LLC’s holdings in Phillips Edison & Company, Inc. were worth $1,296,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PECO. Norges Bank acquired a new position in shares of Phillips Edison & Company, Inc. in the fourth quarter valued at approximately $70,850,000. Balyasny Asset Management L.P. increased its position in Phillips Edison & Company, Inc. by 191.9% during 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 during the last quarter. M&T Bank Corp acquired a new position in Phillips Edison & Company, Inc. during the fourth quarter worth approximately $27,133,000. Qube Research & Technologies Ltd increased its position in Phillips Edison & Company, Inc. by 57.2% during the third quarter. Qube Research & Technologies Ltd now owns 849,693 shares of the company’s stock worth $29,170,000 after purchasing an additional 309,321 shares during the last quarter. Finally, Dark Forest Capital Management LP increased its position in Phillips Edison & Company, Inc. by 1,193.4% during the third quarter. Dark Forest Capital Management LP now owns 240,702 shares of the company’s stock worth $8,263,000 after purchasing an additional 222,092 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Down 0.4%

PECO opened at $41.57 on Thursday. Phillips Edison & Company, Inc. has a 52-week low of $32.84 and a 52-week high of $42.26. The company has a 50 day moving average of $39.42 and a two-hundred day moving average of $37.58. The company has a market cap of $5.23 billion, a P/E ratio of 45.18, a P/E/G ratio of 2.23 and a beta of 0.53.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.43). Phillips Edison & Company, Inc. had a return on equity of 4.46% and a net margin of 15.61%.The business had revenue of $190.74 million for the quarter, compared to analysts’ expectations of $184.91 million. During the same quarter in the prior year, the firm earned $0.65 earnings per share. Phillips Edison & Company, Inc.’s quarterly revenue was up 6.9% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. Research analysts anticipate that Phillips Edison & Company, Inc. will post 2.76 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.1083 per share. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date is Wednesday, July 15th. Phillips Edison & Company, Inc.’s payout ratio is currently 141.30%.

Analyst Ratings Changes

Several brokerages recently commented on PECO. UBS Group upped their price target on shares of Phillips Edison & Company, Inc. from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Morgan Stanley upped their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. Evercore reaffirmed an “outperform” rating and set a $43.00 price target on shares of Phillips Edison & Company, Inc. in a research report on Monday, April 27th. Barclays upped their price target on shares of Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings lowered shares of Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. 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.com, the company currently has a consensus rating of “Hold” and a consensus target price of $41.43.

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.