Engineers Gate Manager LP Decreases Stock Position in Phillips Edison & Company, Inc. $PECO

Engineers Gate Manager LP trimmed its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 83.1% in the second quarter, Holdings Channel.com reports. The firm owned 297,382 shares of the company’s stock after selling 1,457,255 shares during the period. Engineers Gate Manager LP’s holdings in Phillips Edison & Company, Inc. were worth $12,377,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PECO. CX Institutional increased its position in shares of Phillips Edison & Company, Inc. by 115.5% during the second quarter. CX Institutional now owns 724 shares of the company’s stock worth $30,000 after acquiring an additional 388 shares during the last quarter. Western Wealth Management LLC acquired a new stake in Phillips Edison & Company, Inc. during the 1st quarter valued at approximately $29,000. Aster Capital Management DIFC Ltd increased its holdings in Phillips Edison & Company, Inc. by 55.5% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,053 shares of the company’s stock worth $37,000 after purchasing an additional 376 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Phillips Edison & Company, Inc. by 143.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock valued at $41,000 after purchasing an additional 672 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Phillips Edison & Company, Inc. during the 3rd quarter valued at approximately $43,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

PECO has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. increased their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Morgan Stanley boosted their price objective on Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, July 10th. Griffin Securities set a $47.00 target price on Phillips Edison & Company, Inc. in a report on Monday, July 27th. Finally, LADENBURG THALM/SH SH lifted their target price on Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $44.33.

Phillips Edison & Company, Inc. Stock Down 0.0%

Shares of NASDAQ:PECO opened at $38.72 on Friday. The company has a market cap of $4.98 billion, a PE ratio of 33.67, a P/E/G ratio of 2.01 and a beta of 0.50. Phillips Edison & Company, Inc. has a fifty-two week low of $32.98 and a fifty-two week high of $44.38. The firm has a 50-day simple moving average of $41.02 and a 200 day simple moving average of $40.01.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued 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). The business had revenue of $189.62 million during 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%.The business’s revenue was up 6.7% on a year-over-year basis. During the same period 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, research analysts forecast that Phillips Edison & Company, Inc. will post 2.77 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be paid a dividend of $0.115 per share. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, November 16th. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 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.