Phillips Edison & Company, Inc. $PECO Shares Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC lifted its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 51.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 90,594 shares of the company’s stock after buying an additional 30,645 shares during the quarter. Kestra Advisory Services LLC’s holdings in Phillips Edison & Company, Inc. were worth $3,390,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new stake in Phillips Edison & Company, Inc. in the 4th quarter valued at about $31,000. Aster Capital Management DIFC Ltd lifted its position in shares of 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 buying an additional 376 shares during the last quarter. Smartleaf Asset Management LLC lifted 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 valued at $41,000 after acquiring an additional 672 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Phillips Edison & Company, Inc. in the 3rd quarter valued at about $43,000. Finally, Prosperity Bancshares Inc purchased a new stake in Phillips Edison & Company, Inc. in the fourth quarter valued at approximately $50,000. 80.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PECO has been the topic of a number of recent research reports. LADENBURG THALM/SH SH boosted their target price on Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Morgan Stanley upped their target price on shares of Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th. Weiss Ratings cut Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. UBS Group raised their price objective on shares of Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, Barclays increased their price objective on Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Phillips Edison & Company, Inc. currently has an average rating of “Hold” and a consensus target price of $43.43.

Phillips Edison & Company, Inc. Price Performance

NASDAQ:PECO opened at $44.01 on Friday. The business’s 50-day moving average is $41.08 and its two-hundred day moving average is $38.81. The firm has a market capitalization of $5.54 billion, a PE ratio of 47.84, a price-to-earnings-growth ratio of 2.33 and a beta of 0.52. Phillips Edison & Company, Inc. has a 12 month low of $32.84 and a 12 month high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.24 EPS 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 firm had revenue of $190.74 million during the quarter, compared to analyst estimates of $184.91 million. During the same quarter in the prior year, the firm earned $0.65 EPS. The business’s quarterly revenue 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. Equities analysts anticipate that Phillips Edison & Company, Inc. will post 2.76 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Wednesday, July 15th will be paid a $0.1083 dividend. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Wednesday, July 15th. Phillips Edison & Company, Inc.’s payout ratio is presently 141.30%.

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.