JPMorgan Chase & Co. Purchases 99,167 Shares of Phillips Edison & Company, Inc. $PECO

JPMorgan Chase & Co. grew its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 9.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,100,942 shares of the company’s stock after purchasing an additional 99,167 shares during the quarter. JPMorgan Chase & Co.’s holdings in Phillips Edison & Company, Inc. were worth $37,795,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Royal Bank of Canada grew its position in Phillips Edison & Company, Inc. by 12.8% during the first quarter. Royal Bank of Canada now owns 81,726 shares of the company’s stock valued at $2,982,000 after buying an additional 9,250 shares during the period. AQR Capital Management LLC boosted its stake in shares of Phillips Edison & Company, Inc. by 8.2% during the 1st quarter. AQR Capital Management LLC now owns 11,091 shares of the company’s stock worth $405,000 after acquiring an additional 845 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the 1st quarter valued at $333,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Phillips Edison & Company, Inc. by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,111 shares of the company’s stock worth $2,668,000 after purchasing an additional 3,199 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its holdings in Phillips Edison & Company, Inc. by 1.2% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 55,168 shares of the company’s stock worth $1,933,000 after purchasing an additional 644 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ PECO opened at $39.28 on Friday. Phillips Edison & Company, Inc. has a 1-year low of $32.40 and a 1-year high of $40.06. The stock has a market capitalization of $4.94 billion, a P/E ratio of 44.14, a price-to-earnings-growth ratio of 1.01 and a beta of 0.53. The business has a fifty day moving average price of $36.54 and a 200 day moving average price of $35.33.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.28). The company 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 business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. As a group, equities research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The company 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 3.3%. The ex-dividend date is Friday, May 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 146.07%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wall Street Zen raised Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. KeyCorp reiterated a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a research note on Thursday, December 18th. Weiss Ratings upgraded Phillips Edison & Company, Inc. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 13th. Barclays reiterated a “positive” rating and set a $41.00 price objective on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, January 13th. Finally, UBS Group boosted their target price on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Phillips Edison & Company, Inc. currently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Phillips Edison & Company, Inc. Company 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.