M&T Bank Corp Takes Position in Phillips Edison & Company, Inc. $PECO

M&T Bank Corp acquired a new stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 762,805 shares of the company’s stock, valued at approximately $27,133,000.

Several other institutional investors have also modified their holdings of the company. State Street Corp lifted its holdings 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 valued at $258,169,000 after buying an additional 166,108 shares during the period. Balyasny Asset Management L.P. lifted its holdings in shares of Phillips Edison & Company, Inc. by 191.9% in the third 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 period. Dimensional Fund Advisors LP lifted its holdings in shares of Phillips Edison & Company, Inc. by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,759,226 shares of the company’s stock valued at $60,394,000 after buying an additional 42,819 shares during the period. Duff & Phelps Investment Management Co. lifted its holdings in shares of Phillips Edison & Company, Inc. by 11.5% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,697,608 shares of the company’s stock valued at $58,279,000 after buying an additional 174,725 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Phillips Edison & Company, Inc. by 9.9% in the third quarter. JPMorgan Chase & Co. now owns 1,100,942 shares of the company’s stock valued at $37,795,000 after buying an additional 99,167 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. UBS Group upped their price objective on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Morgan Stanley boosted their target price on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Evercore set a $42.00 target price on Phillips Edison & Company, Inc. and gave the stock an “outperform” rating in a research report on Friday, February 6th. Wells Fargo & Company boosted their target price on Phillips Edison & Company, Inc. from $36.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 19th. Finally, Barclays boosted their target price on Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, April 13th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Phillips Edison & Company, Inc. has a consensus rating of “Hold” and a consensus price target of $39.86.

Phillips Edison & Company, Inc. Trading Down 1.6%

NASDAQ:PECO opened at $38.24 on Thursday. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 42.97, a PEG ratio of 0.99 and a beta of 0.53. Phillips Edison & Company, Inc. has a 1-year low of $32.84 and a 1-year high of $40.06. The business’s fifty day moving average price is $38.26 and its 200 day moving average price is $36.23.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.28). The business had revenue of $187.86 million for 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%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. Equities analysts forecast that Phillips Edison & Company, Inc. will post 2.74 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be given a dividend of $0.1083 per share. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, May 15th. Phillips Edison & Company, Inc.’s payout ratio is presently 146.07%.

Phillips Edison & Company, Inc. 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.