Engineers Gate Manager LP Reduces Holdings in Phillips Edison & Company, Inc. $PECO

Engineers Gate Manager LP lowered its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 83.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 297,382 shares of the company’s stock after selling 1,457,255 shares during the quarter. Engineers Gate Manager LP owned approximately 0.23% of Phillips Edison & Company, Inc. worth $12,377,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of PECO. Integrated Wealth Concepts LLC raised its holdings in shares of Phillips Edison & Company, Inc. by 2.6% in the second quarter. Integrated Wealth Concepts LLC now owns 11,205 shares of the company’s stock worth $466,000 after acquiring an additional 281 shares during the last quarter. RFG Advisory LLC increased its position in Phillips Edison & Company, Inc. by 89.3% during the 2nd quarter. RFG Advisory LLC now owns 11,922 shares of the company’s stock worth $496,000 after purchasing an additional 5,623 shares in the last quarter. Nykredit A S acquired a new position in Phillips Edison & Company, Inc. in the 2nd quarter valued at about $107,000. Corient Private Wealth LP raised its stake in Phillips Edison & Company, Inc. by 4.5% in the 2nd quarter. Corient Private Wealth LP now owns 84,230 shares of the company’s stock valued at $3,506,000 after purchasing an additional 3,605 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Phillips Edison & Company, Inc. in the 2nd quarter valued at about $3,768,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on PECO. LADENBURG THALM/SH SH lifted their price target on shares of Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Evercore restated an “outperform” rating and set a $44.00 target price on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, July 7th. Wells Fargo & Company cut their price target on Phillips Edison & Company, Inc. from $47.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, September 1st. Weiss Ratings raised shares of Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Finally, UBS Group lifted their price target on shares of Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. has an average rating of “Hold” and an average price target of $44.33.

Phillips Edison & Company, Inc. Stock Performance

PECO opened at $38.72 on Friday. Phillips Edison & Company, Inc. has a 1 year low of $32.98 and a 1 year high of $44.38. The firm has a 50 day moving average price of $41.02 and a 200 day moving average price of $40.01. The company has a market cap of $4.98 billion, a PE ratio of 33.67, a price-to-earnings-growth ratio of 2.01 and a beta of 0.50.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results on Thursday, July 23rd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $189.62 million during the quarter, compared to analysts’ expectations of $187.46 million. During the same period in the prior year, the business posted $0.64 EPS. The business’s revenue 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, sell-side analysts predict that Phillips Edison & Company, Inc. will post 2.77 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be given a $0.115 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a c) annualized dividend and a dividend yield of 3.6%. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 113.04%.

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.