Granite Investment Partners LLC Lowers Stake in Phillips Edison & Company, Inc. $PECO

Granite Investment Partners LLC lowered its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 31.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,564 shares of the company’s stock after selling 69,365 shares during the period. Granite Investment Partners LLC owned approximately 0.12% of Phillips Edison & Company, Inc. worth $5,238,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Royal Bank of Canada boosted its position in shares of Phillips Edison & Company, Inc. by 12.8% in the 1st quarter. Royal Bank of Canada now owns 81,726 shares of the company’s stock worth $2,982,000 after purchasing an additional 9,250 shares in the last quarter. AQR Capital Management LLC increased its position in Phillips Edison & Company, Inc. by 8.2% during the 1st quarter. AQR Capital Management LLC now owns 11,091 shares of the company’s stock valued at $405,000 after buying an additional 845 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Phillips Edison & Company, Inc. during the first quarter valued at $333,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Phillips Edison & Company, Inc. by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,111 shares of the company’s stock worth $2,668,000 after acquiring an additional 3,199 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Phillips Edison & Company, Inc. by 1.3% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 137,505 shares of the company’s stock worth $4,817,000 after acquiring an additional 1,776 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Performance

PECO opened at $39.25 on Monday. The company’s 50-day simple moving average is $36.22 and its two-hundred day simple moving average is $35.15. The stock has a market capitalization of $4.94 billion, a P/E ratio of 44.10, a P/E/G ratio of 1.00 and a beta of 0.53. Phillips Edison & Company, Inc. has a 52-week low of $32.40 and a 52-week high of $39.27.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced 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). The company had revenue of $187.86 million during the quarter, compared to the consensus estimate of $183.18 million. Phillips Edison & Company, Inc. had a return on equity of 4.29% and a net margin of 15.32%.The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. Research analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently declared 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 dividend payout ratio is presently 146.07%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PECO shares. Evercore set a $42.00 price target on Phillips Edison & Company, Inc. and gave the company an “outperform” rating in a report on Friday, February 6th. KeyCorp restated a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a research note on Thursday, December 18th. UBS Group lifted their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Mizuho set a $39.00 price target on shares of Phillips Edison & Company, Inc. in a report on Friday, January 9th. Finally, Barclays restated a “positive” rating and issued a $41.00 price objective on shares of Phillips Edison & Company, Inc. in a report on Tuesday, January 13th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.