Thrivent Financial for Lutherans Has $3.75 Million Stock Position in Phillips Edison & Company, Inc. $PECO

Thrivent Financial for Lutherans reduced its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 29.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,317 shares of the company’s stock after selling 43,662 shares during the period. Thrivent Financial for Lutherans’ holdings in Phillips Edison & Company, Inc. were worth $3,746,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PECO. Balyasny Asset Management L.P. raised its position in Phillips Edison & Company, Inc. by 191.9% during the third 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 acquired a new position in Phillips Edison & Company, Inc. during the fourth quarter valued at approximately $27,133,000. Qube Research & Technologies Ltd raised its position in Phillips Edison & Company, Inc. by 57.2% during the third quarter. Qube Research & Technologies Ltd now owns 849,693 shares of the company’s stock valued at $29,170,000 after purchasing an additional 309,321 shares in the last quarter. Dark Forest Capital Management LP raised its position in Phillips Edison & Company, Inc. by 1,193.4% during the third quarter. Dark Forest Capital Management LP now owns 240,702 shares of the company’s stock valued at $8,263,000 after purchasing an additional 222,092 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in Phillips Edison & Company, Inc. by 764.8% during the fourth quarter. SG Americas Securities LLC now owns 206,175 shares of the company’s stock valued at $7,334,000 after purchasing an additional 182,333 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Evercore reiterated an “outperform” rating and set a $43.00 price target on shares of Phillips Edison & Company, Inc. in a report on Monday, April 27th. Morgan Stanley upped their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. UBS Group upped their price target on shares of Phillips Edison & Company, Inc. from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday. Weiss Ratings upgraded shares of Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, May 12th. Finally, Barclays upped their price target on shares of Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $41.14.

Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ:PECO opened at $40.30 on Friday. The company has a fifty day moving average of $38.67 and a 200-day moving average of $37.04. The company has a market capitalization of $5.07 billion, a PE ratio of 43.80, a price-to-earnings-growth ratio of 2.16 and a beta of 0.54. Phillips Edison & Company, Inc. has a 52-week low of $32.84 and a 52-week high of $40.71.

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

Phillips Edison & Company, Inc. Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 4th. Investors of record on Wednesday, July 15th will be issued a $0.1083 dividend. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Wednesday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 141.30%.

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.