Phillips Edison & Company, Inc. (NASDAQ:PECO) Releases Earnings Results, Beats Expectations By $0.07 EPS

Phillips Edison & Company, Inc. (NASDAQ:PECO) posted its quarterly earnings data on Thursday. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.17 by $0.07, Zacks reports. Phillips Edison & Company, Inc. had a return on equity of 4.29% and a net margin of 15.32%. Phillips Edison & Company, Inc. updated its FY 2026 guidance to 0.790-0.810 EPS.

Phillips Edison & Company, Inc. Stock Up 2.1%

NASDAQ PECO traded up $0.80 on Thursday, reaching $39.04. The company had a trading volume of 1,290,651 shares, compared to its average volume of 881,973. The stock has a market capitalization of $4.91 billion, a PE ratio of 43.87, a price-to-earnings-growth ratio of 0.99 and a beta of 0.53. Phillips Edison & Company, Inc. has a 12 month low of $32.84 and a 12 month high of $40.06. The firm’s 50 day moving average price is $38.26 and its 200 day moving average price is $36.23.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be paid a dividend of $0.1083 per share. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, May 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 146.07%.

Analyst Upgrades and Downgrades

PECO has been the topic of several recent research reports. Weiss Ratings raised Phillips Edison & Company, Inc. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 13th. Mizuho set a $39.00 price target on shares of Phillips Edison & Company, Inc. in a report on Friday, January 9th. Barclays increased their price objective 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 Monday, April 13th. Evercore 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, February 6th. Finally, UBS Group increased their price target on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Phillips Edison & Company, Inc. currently has a consensus rating of “Hold” and a consensus target price of $39.86.

Institutional Investors Weigh In On Phillips Edison & Company, Inc.

Several large investors have recently made changes to their positions in PECO. State Street Corp lifted its position 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 buying an additional 166,108 shares in the last quarter. Wellington Management Group LLP increased its stake in Phillips Edison & Company, Inc. by 5.4% in the 4th quarter. Wellington Management Group LLP now owns 6,308,034 shares of the company’s stock worth $224,377,000 after acquiring an additional 325,215 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Phillips Edison & Company, Inc. by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,322,844 shares of the company’s stock worth $82,624,000 after acquiring an additional 86,749 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Phillips Edison & Company, Inc. by 191.9% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,869,618 shares of the company’s stock worth $64,184,000 after acquiring an additional 1,229,186 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Phillips Edison & Company, Inc. by 3.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,824,940 shares of the company’s stock valued at $64,914,000 after acquiring an additional 65,714 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

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.