Phillips Edison & Company, Inc. $PECO Shares Sold by Entropy Technologies LP

Entropy Technologies LP reduced its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 45.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,043 shares of the company’s stock after selling 17,252 shares during the period. Entropy Technologies LP’s holdings in Phillips Edison & Company, Inc. were worth $787,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PECO. Verition Fund Management LLC raised its stake in shares of Phillips Edison & Company, Inc. by 2,343.2% in the 4th quarter. Verition Fund Management LLC now owns 513,076 shares of the company’s stock valued at $18,250,000 after acquiring an additional 492,076 shares during the period. Hsbc Holdings PLC boosted its position in shares of Phillips Edison & Company, Inc. by 33.5% during the 4th quarter. Hsbc Holdings PLC now owns 248,985 shares of the company’s stock worth $8,856,000 after purchasing an additional 62,523 shares during the period. M&T Bank Corp purchased a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter worth approximately $27,133,000. Kennedy Capital Management LLC increased its holdings in Phillips Edison & Company, Inc. by 20.2% in the 4th quarter. Kennedy Capital Management LLC now owns 349,583 shares of the company’s stock valued at $12,435,000 after purchasing an additional 58,868 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in Phillips Edison & Company, Inc. by 4,823.2% in the 1st quarter. Fifth Third Bancorp now owns 34,216 shares of the company’s stock valued at $1,280,000 after purchasing an additional 33,521 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PECO. LADENBURG THALM/SH SH upped their price target on Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Wells Fargo & Company lifted their price objective on Phillips Edison & Company, Inc. from $42.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Barclays boosted 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. Morgan Stanley increased their target price on Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, July 10th. Finally, Evercore restated an “outperform” rating and set a $44.00 target price on shares of Phillips Edison & Company, Inc. in a report on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Phillips Edison & Company, Inc. presently has an average rating of “Hold” and an average target price of $44.50.

Phillips Edison & Company, Inc. Stock Down 1.6%

Shares of PECO opened at $42.64 on Wednesday. Phillips Edison & Company, Inc. has a fifty-two week low of $32.84 and a fifty-two week high of $44.38. The firm’s 50 day moving average price is $41.59 and its 200 day moving average price is $39.22. The company has a market cap of $5.36 billion, a P/E ratio of 37.08, a PEG ratio of 2.31 and a beta of 0.52.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its earnings results on Thursday, July 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.35). Phillips Edison & Company, Inc. had a return on equity of 5.52% and a net margin of 19.14%.The business had revenue of $189.62 million for the quarter, compared to analyst estimates of $187.46 million. During the same quarter last year, the company earned $0.64 earnings per share. Phillips Edison & Company, Inc.’s quarterly revenue was up 6.7% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. Research analysts forecast that Phillips Edison & Company, Inc. will post 2.76 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business 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 $0.1083 dividend. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Wednesday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 113.04%.

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.