Wellington Management Group LLP Has $166.95 Million Stock Position in Phillips Edison & Company, Inc. $PECO

Wellington Management Group LLP lessened its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 23.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,011,362 shares of the company’s stock after selling 1,200,733 shares during the quarter. Wellington Management Group LLP owned 3.12% of Phillips Edison & Company, Inc. worth $166,953,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PECO. CX Institutional increased its holdings in Phillips Edison & Company, Inc. by 115.5% during the 2nd quarter. CX Institutional now owns 724 shares of the company’s stock worth $30,000 after purchasing an additional 388 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of Phillips Edison & Company, Inc. during the first quarter worth about $29,000. Aster Capital Management DIFC Ltd grew its holdings in shares of Phillips Edison & Company, Inc. by 55.5% during the fourth 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 in the last quarter. Smartleaf Asset Management LLC raised its position in 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 buying an additional 672 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Phillips Edison & Company, Inc. in the 3rd quarter valued at approximately $43,000. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Down 1.1%

NASDAQ:PECO opened at $38.65 on Tuesday. The stock has a market capitalization of $4.97 billion, a PE ratio of 33.61, a P/E/G ratio of 2.02 and a beta of 0.52. Phillips Edison & Company, Inc. has a 1-year low of $32.98 and a 1-year high of $44.38. The firm has a fifty day simple moving average of $41.50 and a 200 day simple moving average of $39.97.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.35). The firm 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%.The business’s revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company posted $0.64 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. On average, equities analysts predict that Phillips Edison & Company, Inc. will post 2.77 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be issued a dividend of $0.1083 per share. The ex-dividend date is Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 3.4%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 113.04%.

Wall Street Analyst Weigh In

PECO has been the subject of several research reports. Griffin Securities set a $47.00 price target on shares of Phillips Edison & Company, Inc. in a research note on Monday, July 27th. JPMorgan Chase & Co. boosted their price objective 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. Wells Fargo & Company increased their target price on shares of Phillips Edison & Company, Inc. from $42.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. LADENBURG THALM/SH SH raised their target price on shares of Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Finally, Morgan Stanley lifted their price target on shares of Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.78.

Phillips Edison & Company, Inc. 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.