Janus Henderson Group PLC Has $23.02 Million Stock Position in Phillips Edison & Company, Inc. $PECO

Janus Henderson Group PLC lowered its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 5.3% in the first quarter, Holdings Channel.com reports. The fund owned 615,054 shares of the company’s stock after selling 34,168 shares during the period. Janus Henderson Group PLC’s holdings in Phillips Edison & Company, Inc. were worth $23,016,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Flagship Harbor Advisors LLC bought a new position in Phillips Edison & Company, Inc. in the fourth quarter worth $31,000. Aster Capital Management DIFC Ltd lifted its holdings 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 acquiring an additional 376 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Phillips Edison & Company, Inc. by 143.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock worth $41,000 after acquiring an additional 672 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Phillips Edison & Company, Inc. during the 3rd quarter valued at about $43,000. Finally, Prosperity Bancshares Inc bought a new stake in Phillips Edison & Company, Inc. in the fourth quarter valued at about $50,000. 80.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PECO shares. Weiss Ratings raised Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. LADENBURG THALM/SH SH increased their price objective on Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. UBS Group lifted their price objective on Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Griffin Securities set a $47.00 target price on shares of Phillips Edison & Company, Inc. in a research report on Monday, July 27th. Finally, Wells Fargo & Company upped their price objective on shares of Phillips Edison & Company, Inc. from $42.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Phillips Edison & Company, Inc. has an average rating of “Hold” and an average price target of $44.50.

Phillips Edison & Company, Inc. Stock Down 0.7%

Shares of PECO opened at $42.20 on Tuesday. The stock’s fifty day simple moving average is $41.76 and its 200-day simple moving average is $39.43. The firm has a market capitalization of $5.43 billion, a PE ratio of 36.70, 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.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.33 EPS 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 return on equity of 5.52% and a net margin of 19.14%.Phillips Edison & Company, Inc.’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.64 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. 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. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.1083 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 3.1%. Phillips Edison & Company, Inc.’s payout ratio is currently 113.04%.

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.