Duff & Phelps Investment Management Co. Has $58.28 Million Stock Holdings in Phillips Edison & Company, Inc. $PECO

Duff & Phelps Investment Management Co. grew its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 11.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,697,608 shares of the company’s stock after buying an additional 174,725 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Phillips Edison & Company, Inc. were worth $58,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the business. Osaic Holdings Inc. boosted its position in shares of Phillips Edison & Company, Inc. by 31.3% during the 2nd quarter. Osaic Holdings Inc. now owns 270,642 shares of the company’s stock worth $9,521,000 after acquiring an additional 64,465 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Phillips Edison & Company, Inc. by 1.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,209,158 shares of the company’s stock valued at $77,387,000 after purchasing an additional 35,107 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Phillips Edison & Company, Inc. during the second quarter worth $250,000. Allworth Financial LP boosted its holdings in shares of Phillips Edison & Company, Inc. by 391.3% in the 2nd quarter. Allworth Financial LP now owns 41,809 shares of the company’s stock valued at $1,465,000 after purchasing an additional 33,299 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new position in shares of Phillips Edison & Company, Inc. in the 2nd quarter valued at $32,695,000. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Performance

PECO stock opened at $38.40 on Thursday. Phillips Edison & Company, Inc. has a 52-week low of $32.40 and a 52-week high of $40.06. The company has a market capitalization of $4.83 billion, a P/E ratio of 43.15, a PEG ratio of 0.98 and a beta of 0.51. The company has a fifty day moving average price of $37.07 and a 200-day moving average price of $35.62.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its earnings results on Thursday, February 5th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $187.86 million for the quarter, compared to the consensus estimate of $183.18 million. During the same period in the prior year, the business earned $0.62 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. As a group, sell-side analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently announced 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 dividend payout ratio is currently 146.07%.

Analyst Upgrades and Downgrades

PECO has been the subject of several recent analyst reports. UBS Group upped their price objective on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Weiss Ratings upgraded shares of Phillips Edison & Company, Inc. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 13th. Barclays decreased their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, March 2nd. KeyCorp reiterated a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a research report on Thursday, December 18th. Finally, Morgan Stanley boosted their target price 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. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $38.86.

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.