Phillips Edison & Company, Inc. $PECO Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 33.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 248,985 shares of the company’s stock after buying an additional 62,523 shares during the quarter. Hsbc Holdings PLC’s holdings in Phillips Edison & Company, Inc. were worth $8,856,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Blair William & Co. IL boosted its holdings in Phillips Edison & Company, Inc. by 2.6% in the 4th quarter. Blair William & Co. IL now owns 11,011 shares of the company’s stock worth $392,000 after acquiring an additional 276 shares during the period. Allworth Financial LP raised its stake in shares of Phillips Edison & Company, Inc. by 4.1% during the fourth quarter. Allworth Financial LP now owns 7,846 shares of the company’s stock valued at $279,000 after purchasing an additional 306 shares during the period. Lazard Asset Management LLC lifted its position in shares of Phillips Edison & Company, Inc. by 1.0% during the second quarter. Lazard Asset Management LLC now owns 30,876 shares of the company’s stock worth $1,081,000 after purchasing an additional 314 shares in the last quarter. Kovack Advisors Inc. lifted its position in shares of Phillips Edison & Company, Inc. by 2.9% during the fourth quarter. Kovack Advisors Inc. now owns 11,474 shares of the company’s stock worth $408,000 after purchasing an additional 327 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its stake in shares of 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 valued at $37,000 after purchasing an additional 376 shares during the period. 80.70% of the stock is owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Trading Down 0.8%

Shares of PECO opened at $41.96 on Thursday. Phillips Edison & Company, Inc. has a 52 week low of $32.84 and a 52 week high of $42.70. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 45.61, a PEG ratio of 2.25 and a beta of 0.52. The stock has a 50 day moving average of $40.71 and a 200-day moving average of $38.50.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.43). The firm had revenue of $190.74 million for the quarter, compared to analyst estimates of $184.91 million. Phillips Edison & Company, Inc. had a net margin of 15.61% and a return on equity of 4.46%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. On average, sell-side analysts predict that Phillips Edison & Company, Inc. will post 2.76 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm 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 dividend of $0.1083 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 3.1%. Phillips Edison & Company, Inc.’s payout ratio is presently 141.30%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PECO. Evercore restated an “outperform” rating and set a $44.00 target price on shares of Phillips Edison & Company, Inc. in a research note on Tuesday. LADENBURG THALM/SH SH raised their price objective on shares of Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Weiss Ratings lowered shares of Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Wells Fargo & Company boosted their target price on shares of Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Finally, Barclays upped their target price on shares of 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. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $42.43.

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.