Healthcare of Ontario Pension Plan Trust Fund Decreases Position in Phillips Edison & Company, Inc. $PECO

Healthcare of Ontario Pension Plan Trust Fund decreased its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 74.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 41,363 shares of the company’s stock after selling 120,307 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Phillips Edison & Company, Inc. were worth $1,548,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. State Street Corp raised its stake in shares of Phillips Edison & Company, Inc. by 2.3% during the 2nd quarter. State Street Corp now owns 7,349,080 shares of the company’s stock worth $258,169,000 after buying an additional 166,108 shares during the last quarter. Wellington Management Group LLP increased its holdings in Phillips Edison & Company, Inc. by 5.4% during the 4th quarter. Wellington Management Group LLP now owns 6,308,034 shares of the company’s stock valued at $224,377,000 after acquiring an additional 325,215 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Phillips Edison & Company, Inc. by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,322,844 shares of the company’s stock worth $82,624,000 after acquiring an additional 86,749 shares during the last quarter. Norges Bank acquired a new position in Phillips Edison & Company, Inc. during the fourth quarter worth about $70,850,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Phillips Edison & Company, Inc. by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,899,214 shares of the company’s stock valued at $71,068,000 after purchasing an additional 74,274 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ PECO opened at $42.49 on Friday. The company has a market cap of $5.47 billion, a PE ratio of 36.95, a price-to-earnings-growth ratio of 2.21 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. The company has a 50-day simple moving average of $41.73 and a 200-day simple moving average of $39.35.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.35). The firm had revenue of $189.62 million during the quarter, compared to analyst estimates of $187.46 million. Phillips Edison & Company, Inc. had a net margin of 19.14% and a return on equity of 5.52%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. On average, analysts anticipate that Phillips Edison & Company, Inc. will post 2.76 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Wednesday, July 15th will be issued a $0.1083 dividend. 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 113.04%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of Phillips Edison & Company, Inc. from $42.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Barclays upped their target price 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. Morgan Stanley increased their target price 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. UBS Group raised their price target on Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, Griffin Securities set a $47.00 price target on Phillips Edison & Company, Inc. in a report on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $44.50.

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.