Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 15,794 Shares of Phillips Edison & Company, Inc. $PECO

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 21.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,944 shares of the company’s stock after acquiring an additional 15,794 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.07% of Phillips Edison & Company, Inc. worth $3,291,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp lifted its position in Phillips Edison & Company, Inc. by 4,823.2% in the first quarter. Fifth Third Bancorp now owns 34,216 shares of the company’s stock worth $1,280,000 after buying an additional 33,521 shares during the last quarter. Hsbc Holdings PLC increased its position in Phillips Edison & Company, Inc. by 3.5% during the first quarter. Hsbc Holdings PLC now owns 257,698 shares of the company’s stock valued at $9,653,000 after acquiring an additional 8,713 shares during the last quarter. Kestra Advisory Services LLC raised its stake in shares of Phillips Edison & Company, Inc. by 51.1% in the first quarter. Kestra Advisory Services LLC now owns 90,594 shares of the company’s stock valued at $3,390,000 after acquiring an additional 30,645 shares during the period. Resona Asset Management Co. Ltd. raised its stake in shares of Phillips Edison & Company, Inc. by 4.6% in the first quarter. Resona Asset Management Co. Ltd. now owns 55,731 shares of the company’s stock valued at $2,084,000 after acquiring an additional 2,469 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Phillips Edison & Company, Inc. in the 1st quarter worth about $1,820,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Price Performance

Shares of PECO stock opened at $42.30 on Thursday. The company has a market capitalization of $5.32 billion, a P/E ratio of 45.98, a P/E/G ratio of 2.26 and a beta of 0.52. The company’s 50-day simple moving average is $40.92 and its two-hundred day simple moving average is $38.72. Phillips Edison & Company, Inc. has a one year low of $32.84 and a one year high of $42.72.

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). The company had revenue of $190.74 million for the quarter, compared to the consensus estimate of $184.91 million. Phillips Edison & Company, Inc. had a net margin of 15.61% and a return on equity of 4.46%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. On average, research analysts expect that Phillips Edison & Company, Inc. will post 2.76 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

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

Wall Street Analysts Forecast Growth

PECO has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted 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 note on Tuesday, May 26th. UBS Group raised their price objective on shares of Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Barclays boosted their target price on Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Morgan Stanley upped their target price on Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. Finally, Evercore reiterated an “outperform” rating and issued a $44.00 price target on shares of Phillips Edison & Company, Inc. in a report on Tuesday, July 7th. Four research 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 stock has a consensus rating of “Hold” and an average target price of $43.43.

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.