Phillips Edison & Company, Inc. $PECO Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC increased its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 33.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 248,985 shares of the company’s stock after buying an additional 62,523 shares during the quarter. Hsbc Holdings PLC owned about 0.20% of Phillips Edison & Company, Inc. worth $8,856,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new stake in Phillips Edison & Company, Inc. during the 4th quarter valued at about $31,000. Aster Capital Management DIFC Ltd raised its stake in shares of Phillips Edison & Company, Inc. by 55.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,053 shares of the company’s stock worth $37,000 after purchasing an additional 376 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Phillips Edison & Company, Inc. by 143.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock worth $41,000 after purchasing an additional 672 shares during the period. Quantbot Technologies LP purchased a new stake in Phillips Edison & Company, Inc. in the third quarter valued at approximately $43,000. Finally, Prosperity Bancshares Inc acquired a new position in Phillips Edison & Company, Inc. in the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Up 0.3%

PECO stock opened at $42.34 on Friday. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 46.02, a PEG ratio of 2.25 and a beta of 0.53. Phillips Edison & Company, Inc. has a 12 month low of $32.84 and a 12 month high of $42.70. The firm has a 50-day moving average of $40.27 and a two-hundred day moving average of $38.10.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its 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 company had revenue of $190.74 million for the quarter, compared to analyst estimates of $184.91 million. Phillips Edison & Company, Inc. had a return on equity of 4.46% and a net margin of 15.61%.The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. As a group, equities analysts forecast that Phillips Edison & Company, Inc. will post 2.76 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.1083 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 3.1%. Phillips Edison & Company, Inc.’s payout ratio is 141.30%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PECO shares. Wells Fargo & Company raised 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. Evercore reiterated an “outperform” rating and issued a $43.00 price objective on shares of Phillips Edison & Company, Inc. in a research note on Monday, April 27th. LADENBURG THALM/SH SH upped 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 research report on Tuesday, June 16th. Weiss Ratings upgraded Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 16th. Finally, UBS Group raised their target price on Phillips Edison & Company, Inc. from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Phillips Edison & Company, Inc. currently has an average rating of “Hold” and an average target price of $42.29.

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.