Louisiana State Employees Retirement System Invests $2.09 Million in Phillips Edison & Company, Inc. $PECO

Louisiana State Employees Retirement System acquired a new stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 55,800 shares of the company’s stock, valued at approximately $2,088,000.

A number of other institutional investors also recently modified their holdings of PECO. Flagship Harbor Advisors LLC purchased a new stake in Phillips Edison & Company, Inc. in the fourth quarter worth $31,000. Aster Capital Management DIFC Ltd raised its holdings in Phillips Edison & Company, Inc. by 55.5% in 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 in the last quarter. Smartleaf Asset Management LLC lifted 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 worth $41,000 after purchasing an additional 672 shares during the period. Quantbot Technologies LP bought a new stake in shares of Phillips Edison & Company, Inc. during the 3rd quarter valued at about $43,000. Finally, Prosperity Bancshares Inc bought a new stake in shares of Phillips Edison & Company, Inc. during the 4th quarter valued at about $50,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ PECO opened at $41.62 on Wednesday. Phillips Edison & Company, Inc. has a 1 year low of $32.84 and a 1 year high of $42.70. The firm has a 50-day moving average of $40.38 and a 200 day moving average of $38.22. The stock has a market cap of $5.24 billion, a P/E ratio of 45.24, a price-to-earnings-growth ratio of 2.25 and a beta of 0.53.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.43). Phillips Edison & Company, Inc. had a return on equity of 4.46% and a net margin of 15.61%.The business had revenue of $190.74 million during the quarter, compared to analysts’ expectations of $184.91 million. During the same quarter last year, the company posted $0.65 EPS. Phillips Edison & Company, Inc.’s revenue for the quarter was up 6.9% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. Research analysts expect that Phillips Edison & Company, Inc. will post 2.76 earnings per share 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 given a dividend of $0.1083 per share. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 141.30%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PECO. LADENBURG THALM/SH SH increased 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. Wells Fargo & Company lifted their price objective on Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Weiss Ratings upgraded Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 16th. UBS Group upped their target price on Phillips Edison & Company, Inc. from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Finally, Evercore restated an “outperform” rating and issued a $43.00 target price on shares of Phillips Edison & Company, Inc. in a research note on Monday, April 27th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $42.29.

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.