Principal Financial Group Inc. Buys 12,155 Shares of Phillips Edison & Company, Inc. $PECO

Principal Financial Group Inc. raised its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 2.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 612,129 shares of the company’s stock after buying an additional 12,155 shares during the quarter. Principal Financial Group Inc.’s holdings in Phillips Edison & Company, Inc. were worth $22,906,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nordea Investment Management AB bought a new position in Phillips Edison & Company, Inc. in the fourth quarter valued at about $3,574,000. Verition Fund Management LLC grew its stake in shares of Phillips Edison & Company, Inc. by 2,343.2% during the 4th quarter. Verition Fund Management LLC now owns 513,076 shares of the company’s stock valued at $18,250,000 after purchasing an additional 492,076 shares during the period. Hsbc Holdings PLC grew its stake in shares of Phillips Edison & Company, Inc. by 33.5% during the 4th quarter. Hsbc Holdings PLC now owns 248,985 shares of the company’s stock valued at $8,856,000 after purchasing an additional 62,523 shares during the period. M&T Bank Corp purchased a new stake in shares of Phillips Edison & Company, Inc. during the 4th quarter valued at about $27,133,000. Finally, Kennedy Capital Management LLC lifted its stake in shares of Phillips Edison & Company, Inc. by 20.2% in the 4th quarter. Kennedy Capital Management LLC now owns 349,583 shares of the company’s stock worth $12,435,000 after purchasing an additional 58,868 shares during the period. 80.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PECO shares. LADENBURG THALM/SH SH raised their price objective 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. Wells Fargo & Company increased their price target on shares of Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Morgan Stanley boosted their price objective on shares of Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, July 10th. Weiss Ratings lowered Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Finally, UBS Group raised their target price on Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. presently has an average rating of “Hold” and an average price target of $43.43.

Phillips Edison & Company, Inc. Trading Down 0.4%

Phillips Edison & Company, Inc. stock opened at $43.58 on Wednesday. Phillips Edison & Company, Inc. has a 12-month low of $32.84 and a 12-month high of $44.38. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of 47.37, a P/E/G ratio of 2.33 and a beta of 0.52. The firm has a 50 day moving average of $41.24 and a 200 day moving average of $38.94.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued 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). The firm had revenue of $190.74 million for the quarter, compared to analysts’ expectations of $184.91 million. Phillips Edison & Company, Inc. had a net margin of 15.61% and a return on equity of 4.46%. Phillips Edison & Company, Inc.’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. On average, analysts predict that Phillips Edison & Company, Inc. will post 2.76 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Wednesday, July 15th will be paid a $0.1083 dividend. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Wednesday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 141.30%.

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.