Phillips Edison & Company, Inc. (NASDAQ:PECO) Issues Quarterly Earnings Results

Phillips Edison & Company, Inc. (NASDAQ:PECO) released its earnings results on Thursday. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.28), FiscalAI reports. Phillips Edison & Company, Inc. had a return on equity of 3.14% and a net margin of 11.51%.The company had revenue of $187.86 million during the quarter, compared to analysts’ expectations of $183.18 million. During the same quarter in the previous year, the company earned $0.62 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Phillips Edison & Company, Inc. updated its FY 2026 guidance to 0.740-0.770 EPS.

Phillips Edison & Company, Inc. Trading Up 1.1%

Phillips Edison & Company, Inc. stock traded up $0.40 on Friday, reaching $38.22. 80,284 shares of the stock were exchanged, compared to its average volume of 867,303. Phillips Edison & Company, Inc. has a twelve month low of $32.40 and a twelve month high of $38.56. The firm has a fifty day moving average price of $35.51 and a two-hundred day moving average price of $34.85. The stock has a market cap of $4.81 billion, a PE ratio of 58.17, a PEG ratio of 0.95 and a beta of 0.53.

Hedge Funds Weigh In On Phillips Edison & Company, Inc.

Several large investors have recently made changes to their positions in PECO. Balyasny Asset Management L.P. grew its holdings in Phillips Edison & Company, Inc. by 191.9% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,869,618 shares of the company’s stock valued at $64,184,000 after buying an additional 1,229,186 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in shares of Phillips Edison & Company, Inc. by 57.2% in the third quarter. Qube Research & Technologies Ltd now owns 849,693 shares of the company’s stock valued at $29,170,000 after acquiring an additional 309,321 shares during the period. Dark Forest Capital Management LP grew its stake in shares of Phillips Edison & Company, Inc. by 1,193.4% in the third quarter. Dark Forest Capital Management LP now owns 240,702 shares of the company’s stock worth $8,263,000 after acquiring an additional 222,092 shares during the last quarter. State Street Corp grew its stake in shares of Phillips Edison & Company, Inc. by 2.3% in the second quarter. State Street Corp now owns 7,349,080 shares of the company’s stock worth $258,169,000 after acquiring an additional 166,108 shares during the last quarter. Finally, UBS Group AG increased its position in Phillips Edison & Company, Inc. by 33.4% during the third quarter. UBS Group AG now owns 550,276 shares of the company’s stock worth $18,891,000 after acquiring an additional 137,827 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on PECO shares. Morgan Stanley boosted their target price on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. UBS Group increased their price objective on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Evercore ISI set a $42.00 target price on shares of Phillips Edison & Company, Inc. and gave the company an “outperform” rating in a research note on Friday. KeyCorp reissued a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a research report on Thursday, December 18th. Finally, Barclays reaffirmed a “positive” rating and issued a $41.00 price objective on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, January 13th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Phillips Edison & Company, Inc. currently has an average rating of “Hold” and an average price target of $39.00.

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.