OVERSEA CHINESE BANKING Corp Ltd Acquires New Holdings in Phillips Edison & Company, Inc. $PECO

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Phillips Edison & Company, Inc. (NASDAQ:PECO) in the second quarter, Holdings Channel reports. The fund acquired 27,137 shares of the company’s stock, valued at approximately $2,612,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Western Wealth Management LLC purchased a new position in shares of Phillips Edison & Company, Inc. in the 1st quarter valued at $29,000. CX Institutional lifted its stake in shares of 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 during the last quarter. Aster Capital Management DIFC Ltd lifted its stake 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 purchasing an additional 376 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Phillips Edison & Company, Inc. by 143.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock valued at $41,000 after purchasing an additional 672 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Phillips Edison & Company, Inc. during the third quarter valued at about $43,000. Institutional investors own 80.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PECO shares. Weiss Ratings upgraded Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. LADENBURG THALM/SH SH increased their price target 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. Barclays raised their price target on shares of Phillips Edison & Company, Inc. from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Monday. UBS Group lifted 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 report on Thursday, July 9th. Finally, Griffin Securities set a $47.00 price objective on shares of Phillips Edison & Company, Inc. in a research note on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $44.78.

Phillips Edison & Company, Inc. Trading Down 1.1%

NASDAQ:PECO opened at $39.43 on Friday. The company has a market capitalization of $5.07 billion, a P/E ratio of 34.29, a PEG ratio of 2.06 and a beta of 0.52. Phillips Edison & Company, Inc. has a 12 month low of $32.98 and a 12 month high of $44.38. The firm has a fifty day simple moving average of $41.76 and a 200-day simple moving average of $39.87.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its 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 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%. Phillips Edison & Company, Inc.’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. Equities analysts forecast that Phillips Edison & Company, Inc. will post 2.77 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a dividend of $0.1083 per share. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Monday, August 17th. Phillips Edison & Company, Inc.’s payout ratio is presently 113.04%.

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.