Engineers Gate Manager LP Has $77.61 Million Position in Phillips Edison & Company, Inc. $PECO

Engineers Gate Manager LP trimmed its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 12.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,181,911 shares of the company’s stock after selling 314,129 shares during the period. Phillips Edison & Company, Inc. comprises approximately 0.9% of Engineers Gate Manager LP’s investment portfolio, making the stock its 7th biggest position. Engineers Gate Manager LP’s holdings in Phillips Edison & Company, Inc. were worth $77,611,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC lifted its stake in Phillips Edison & Company, Inc. by 75.6% during the fourth quarter. AQR Capital Management LLC now owns 148,538 shares of the company’s stock valued at $5,283,000 after buying an additional 63,973 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Phillips Edison & Company, Inc. during the fourth quarter valued at $1,459,000. Mars Jewett Financial Group Inc. purchased a new stake in Phillips Edison & Company, Inc. in the 4th quarter worth approximately $1,011,000. Jain Global LLC lifted its position in Phillips Edison & Company, Inc. by 37.1% in the 4th quarter. Jain Global LLC now owns 394,947 shares of the company’s stock worth $14,048,000 after buying an additional 106,896 shares in the last quarter. Finally, Prosperity Bancshares Inc purchased a new stake in Phillips Edison & Company, Inc. in the 4th quarter worth approximately $50,000. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Stock Down 2.6%

PECO stock opened at $40.49 on Thursday. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 44.01, a P/E/G ratio of 2.22 and a beta of 0.53. Phillips Edison & Company, Inc. has a 12 month low of $32.84 and a 12 month high of $42.26. The firm has a 50 day moving average of $39.83 and a two-hundred day moving average of $37.80.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.43). The business had revenue of $190.74 million for the quarter, compared to the consensus estimate of $184.91 million. Phillips Edison & Company, Inc. had a net margin of 15.61% and a return on equity of 4.46%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. On average, research analysts expect that Phillips Edison & Company, Inc. will post 2.76 EPS 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 given a dividend of $0.1083 per share. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 141.30%.

Analysts Set New Price Targets

Several research firms have recently commented on PECO. LADENBURG THALM/SH SH boosted 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 report on Tuesday. Wells Fargo & Company boosted their price target on shares of Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Weiss Ratings upgraded shares of Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Morgan Stanley boosted their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, April 21st. Finally, Barclays boosted their price target on shares of Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $42.29.

About Phillips Edison & Company, Inc.

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.