Louisiana State Employees Retirement System Acquires Shares of 55,800 Phillips Edison & Company, Inc. $PECO

Louisiana State Employees Retirement System bought a new position in Phillips Edison & Company, Inc. (NASDAQ:PECO) during the 1st quarter, HoldingsChannel reports. The fund bought 55,800 shares of the company’s stock, valued at approximately $2,088,000.

A number of other institutional investors have also recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new stake in shares of Phillips Edison & Company, Inc. in the 4th quarter worth $31,000. Aster Capital Management DIFC Ltd lifted its holdings in shares of Phillips Edison & Company, Inc. by 55.5% during 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 in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of 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 buying an additional 672 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Phillips Edison & Company, Inc. during the third quarter valued at $43,000. Finally, Prosperity Bancshares Inc bought a new stake in Phillips Edison & Company, Inc. in the 4th quarter worth about $50,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

PECO has been the topic of several research analyst reports. LADENBURG THALM/SH SH upped their target price on shares of Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Weiss Ratings upgraded shares of Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 16th. Evercore reissued an “outperform” rating and set a $43.00 price objective on shares of Phillips Edison & Company, Inc. in a report on Monday, April 27th. Barclays increased their price objective on shares of Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Finally, Wells Fargo & Company lifted 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. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $42.29.

Phillips Edison & Company, Inc. Stock Performance

Shares of Phillips Edison & Company, Inc. stock opened at $41.62 on Wednesday. Phillips Edison & Company, Inc. has a one year low of $32.84 and a one year high of $42.70. The stock’s fifty day moving average is $40.38 and its 200 day moving average is $38.22. The stock has a market cap of $5.24 billion, a P/E ratio of 45.24, a P/E/G ratio of 2.25 and a beta of 0.53.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released 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 company 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 business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. Analysts predict that Phillips Edison & Company, Inc. will post 2.76 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 4th. Investors 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) dividend on an annualized basis and a dividend yield of 3.1%. Phillips Edison & Company, Inc.’s payout ratio is 141.30%.

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.