Public Employees Retirement System of Ohio Takes Position in Phillips Edison & Company, Inc. $PECO

Public Employees Retirement System of Ohio bought a new position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) in the 2nd quarter, Holdings Channel reports. The fund bought 144,937 shares of the company’s stock, valued at approximately $6,032,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PECO. Handelsbanken Fonder AB increased its position in Phillips Edison & Company, Inc. by 9.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 38,200 shares of the company’s stock valued at $1,590,000 after acquiring an additional 3,400 shares during the period. GAMMA Investing LLC lifted its position in Phillips Edison & Company, Inc. by 5.9% during the 2nd quarter. GAMMA Investing LLC now owns 5,245 shares of the company’s stock worth $218,000 after acquiring an additional 292 shares during the period. CX Institutional grew its stake in shares of Phillips Edison & Company, Inc. by 115.5% in the 2nd quarter. CX Institutional now owns 724 shares of the company’s stock valued at $30,000 after purchasing an additional 388 shares during the last quarter. Pensionfund PDN grew its stake in shares of Phillips Edison & Company, Inc. by 59.4% in the 2nd quarter. Pensionfund PDN now owns 25,500 shares of the company’s stock valued at $1,061,000 after purchasing an additional 9,500 shares during the last quarter. Finally, Pensionfund Sabic increased its holdings in shares of Phillips Edison & Company, Inc. by 56.2% in the second quarter. Pensionfund Sabic now owns 12,500 shares of the company’s stock valued at $520,000 after purchasing an additional 4,500 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. UBS Group upped their price target on Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. LADENBURG THALM/SH SH boosted their price objective on shares of 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. Weiss Ratings upgraded shares of Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Wells Fargo & Company reduced their target price on shares of Phillips Edison & Company, Inc. from $47.00 to $43.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Griffin Securities set a $47.00 target price on shares of Phillips Edison & Company, Inc. in a report on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $44.33.

Trending Headlines about Phillips Edison & Company, Inc.

Here are the key news stories impacting Phillips Edison & Company, Inc. this week:

• Positive Sentiment: PECO’s board approved a 6.2% increase in the monthly dividend, from $0.11 to $0.115 per share. The new rate equates to $1.38 annually and a dividend yield of approximately 3.5% based on the recently cited share price. Phillips Edison & Company Raises Monthly Dividend
• Positive Sentiment: The dividend will be paid monthly on October 1, November 3, and December 1, 2026. Record dates are September 15, October 15, and November 16, respectively. The increase signals management’s continued confidence in cash generation and its commitment to returning capital to shareholders. Phillips Edison Boosts Monthly Dividend, Highlights Shareholder Focus
• Neutral Sentiment: Additional coverage repeated the dividend declaration and compared PECO with Frasers Centrepoint Trust, but provided no material new operating or financial information likely to change the investment outlook. Contrasting Frasers Centrepoint Trust and Phillips Edison

Phillips Edison & Company, Inc. Price Performance

Phillips Edison & Company, Inc. stock opened at $39.21 on Thursday. Phillips Edison & Company, Inc. has a 1-year low of $32.98 and a 1-year high of $44.38. The company has a market cap of $5.05 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 2.01 and a beta of 0.50. The stock’s 50 day moving average price is $41.39 and its 200 day moving average price is $39.99.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.33 earnings per share 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 period in the prior year, the company earned $0.64 EPS. The company’s revenue was up 6.7% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. On average, equities research analysts anticipate that Phillips Edison & Company, Inc. will post 2.77 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be paid a dividend of $0.115 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. Phillips Edison & Company, Inc.’s dividend payout ratio is 113.04%.

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.