PNC Financial Services Group Inc. Acquires 28,044 Shares of Phillips Edison & Company, Inc. $PECO

PNC Financial Services Group Inc. increased its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 541.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 33,220 shares of the company’s stock after buying an additional 28,044 shares during the period. PNC Financial Services Group Inc.’s holdings in Phillips Edison & Company, Inc. were worth $1,243,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new stake in Phillips Edison & Company, Inc. during the fourth quarter worth about $31,000. Aster Capital Management DIFC Ltd raised its position in Phillips Edison & Company, Inc. by 55.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,053 shares of the company’s stock worth $37,000 after acquiring an additional 376 shares during the period. Smartleaf Asset Management LLC raised its position in Phillips Edison & Company, Inc. by 143.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock worth $41,000 after acquiring an additional 672 shares during the period. Quantbot Technologies LP purchased a new position in Phillips Edison & Company, Inc. in the third quarter valued at about $43,000. Finally, Global Assets Advisory LLC purchased a new position in Phillips Edison & Company, Inc. in the first quarter valued at about $52,000. Institutional investors own 80.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. LADENBURG THALM/SH SH raised their price target on shares of 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. UBS Group lifted their price target on shares of Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Griffin Securities set a $47.00 price objective on Phillips Edison & Company, Inc. in a research note on Monday. Wells Fargo & Company increased their price objective on Phillips Edison & Company, Inc. from $42.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Finally, Barclays raised their target price on Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $44.50.

Phillips Edison & Company, Inc. Stock Up 0.1%

NASDAQ PECO opened at $42.49 on Friday. The company has a market cap of $5.47 billion, a PE ratio of 36.95, a price-to-earnings-growth ratio of 2.20 and a beta of 0.52. Phillips Edison & Company, Inc. has a 52 week low of $32.84 and a 52 week high of $44.38. The firm’s 50-day simple moving average is $41.73 and its two-hundred day simple moving average is $39.35.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results 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). The business had revenue of $189.62 million for the quarter, compared to the consensus estimate of $187.46 million. Phillips Edison & Company, Inc. had a return on equity of 5.52% and a net margin of 19.14%.Phillips Edison & Company, Inc.’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. As a group, equities research analysts anticipate that Phillips Edison & Company, Inc. will post 2.76 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 3.1%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 113.04%.

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.