Phillips Edison & Company, Inc. $PECO Shares Sold by M Holdings Securities Inc.

M Holdings Securities Inc. decreased its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 53.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,441 shares of the company’s stock after selling 13,363 shares during the quarter. M Holdings Securities Inc.’s holdings in Phillips Edison & Company, Inc. were worth $393,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in Phillips Edison & Company, Inc. by 2.3% in the 2nd quarter. State Street Corp now owns 7,349,080 shares of the company’s stock valued at $258,169,000 after buying an additional 166,108 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Phillips Edison & Company, Inc. by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 3,395,070 shares of the company’s stock worth $118,942,000 after acquiring an additional 65,782 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Phillips Edison & Company, Inc. by 1.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,209,158 shares of the company’s stock worth $77,387,000 after acquiring an additional 35,107 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Phillips Edison & Company, Inc. by 2.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,759,226 shares of the company’s stock valued at $60,394,000 after acquiring an additional 42,819 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. boosted its position in shares of Phillips Edison & Company, Inc. by 11.5% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,697,608 shares of the company’s stock valued at $58,279,000 after acquiring an additional 174,725 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. KeyCorp restated a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a research report on Thursday, December 18th. Barclays decreased their target price 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. UBS Group increased their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Evercore set a $42.00 price target on shares of Phillips Edison & Company, Inc. and gave the stock an “outperform” rating in a report on Friday, February 6th. Finally, Morgan Stanley lifted their price target on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company an “equal weight” rating in a research report on Monday, January 5th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $38.86.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO stock opened at $38.17 on Friday. The stock has a market capitalization of $4.80 billion, a P/E ratio of 42.89, a price-to-earnings-growth ratio of 0.98 and a beta of 0.51. The company has a 50 day moving average price of $37.18 and a 200 day moving average price of $35.66. Phillips Edison & Company, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $40.06.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.38 earnings per share (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 analyst estimates of $183.18 million. Phillips Edison & Company, Inc. had a net margin of 15.32% and a return on equity of 4.29%. Phillips Edison & Company, Inc.’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. On average, 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 business also recently declared a monthly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be paid a dividend of $0.1083 per share. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, May 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 146.07%.

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.