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

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECOFree Report) by 21.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,944 shares of the company’s stock after purchasing an additional 15,794 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Phillips Edison & Company, Inc. were worth $3,291,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in Phillips Edison & Company, Inc. in the 4th quarter worth approximately $70,850,000. Balyasny Asset Management L.P. increased its stake in 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 valued at $64,184,000 after purchasing an additional 1,229,186 shares in the last quarter. M&T Bank Corp purchased a new position in shares of Phillips Edison & Company, Inc. in the fourth quarter worth $27,133,000. Alyeska Investment Group L.P. purchased a new position in shares of Phillips Edison & Company, Inc. in the fourth quarter worth $19,400,000. Finally, Verition Fund Management LLC lifted its stake in shares of Phillips Edison & Company, Inc. by 2,343.2% during the fourth quarter. Verition Fund Management LLC now owns 513,076 shares of the company’s stock worth $18,250,000 after buying an additional 492,076 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Performance

PECO stock opened at $42.30 on Thursday. Phillips Edison & Company, Inc. has a one year low of $32.84 and a one year high of $42.72. The firm’s fifty day moving average is $40.92 and its 200 day moving average is $38.72. The firm has a market cap of $5.32 billion, a PE ratio of 45.98, a P/E/G ratio of 2.26 and a beta of 0.52.

Phillips Edison & Company, Inc. (NASDAQ:PECOGet Free Report) last posted its earnings results on Thursday, April 23rd. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.43). The business had revenue of $190.74 million for the quarter, compared to analyst estimates of $184.91 million. Phillips Edison & Company, Inc. had a net margin of 15.61% and a return on equity of 4.46%. Phillips Edison & Company, Inc.’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $0.65 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. Research analysts predict that Phillips Edison & Company, Inc. will post 2.76 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Weiss Ratings downgraded Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Wells Fargo & Company boosted their price target on Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. LADENBURG THALM/SH SH boosted their price target on Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Barclays increased their price objective on Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Finally, Morgan Stanley lifted their target price on Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $43.43.

Read Our Latest Research Report on Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc. Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Phillips Edison & Company, Inc. (NASDAQ:PECO)

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