Jennison Associates LLC Takes $448,000 Position in Phillips Edison & Company, Inc. $PECO

Jennison Associates LLC purchased a new stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,599 shares of the company’s stock, valued at approximately $448,000.

Several other large investors have also recently modified their holdings of PECO. Royal Bank of Canada raised its stake in Phillips Edison & Company, Inc. by 12.8% during the first quarter. Royal Bank of Canada now owns 81,726 shares of the company’s stock worth $2,982,000 after buying an additional 9,250 shares during the last quarter. AQR Capital Management LLC raised its stake in Phillips Edison & Company, Inc. by 8.2% during the first quarter. AQR Capital Management LLC now owns 11,091 shares of the company’s stock worth $405,000 after buying an additional 845 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Phillips Edison & Company, Inc. during the first quarter worth $333,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Phillips Edison & Company, Inc. by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,111 shares of the company’s stock worth $2,668,000 after buying an additional 3,199 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Phillips Edison & Company, Inc. by 49.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,604 shares of the company’s stock worth $91,000 after buying an additional 865 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Down 0.4%

PECO opened at $39.70 on Tuesday. Phillips Edison & Company, Inc. has a 1-year low of $32.84 and a 1-year high of $40.71. The company has a market cap of $4.99 billion, a P/E ratio of 43.15, a price-to-earnings-growth ratio of 1.02 and a beta of 0.54. The company has a fifty day moving average price of $38.46 and a two-hundred day moving average price of $36.51.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.43). Phillips Edison & Company, Inc. had a net margin of 15.61% and a return on equity of 4.46%. The company had revenue of $190.74 million during the quarter, compared to the consensus estimate of $184.91 million. During the same period last year, the firm posted $0.65 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. On average, research analysts forecast that Phillips Edison & Company, Inc. will post 2.75 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be paid a $0.1083 dividend. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, May 15th. Phillips Edison & Company, Inc.’s payout ratio is 141.30%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PECO shares. Evercore reissued an “outperform” rating and set a $43.00 target price on shares of Phillips Edison & Company, Inc. in a research note on Monday, April 27th. Weiss Ratings downgraded shares of Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, April 27th. Barclays lifted their target price on shares of Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, April 13th. Morgan Stanley lifted their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Finally, 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 research note on Thursday, January 8th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $40.00.

Phillips Edison & Company, Inc. 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.