Wellington Management Group LLP Has $166.95 Million Position in Phillips Edison & Company, Inc. $PECO

Wellington Management Group LLP cut its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 23.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 4,011,362 shares of the company’s stock after selling 1,200,733 shares during the period. Wellington Management Group LLP’s holdings in Phillips Edison & Company, Inc. were worth $166,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Western Wealth Management LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the 1st quarter worth about $29,000. CX Institutional grew its stake in Phillips Edison & Company, Inc. by 115.5% in the 2nd quarter. CX Institutional now owns 724 shares of the company’s stock valued at $30,000 after buying an additional 388 shares during the last quarter. Aster Capital Management DIFC Ltd raised its holdings in Phillips Edison & Company, Inc. by 55.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,053 shares of the company’s stock valued at $37,000 after acquiring an additional 376 shares during the period. Smartleaf Asset Management LLC raised its holdings in Phillips Edison & Company, Inc. by 143.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock valued at $41,000 after acquiring an additional 672 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Phillips Edison & Company, Inc. during the third quarter worth approximately $43,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Down 1.1%

Shares of PECO opened at $38.65 on Tuesday. Phillips Edison & Company, Inc. has a 12 month low of $32.98 and a 12 month high of $44.38. The firm’s 50 day moving average is $41.50 and its 200-day moving average is $39.97. The stock has a market capitalization of $4.97 billion, a PE ratio of 33.61, a P/E/G ratio of 2.02 and a beta of 0.52.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.35). Phillips Edison & Company, Inc. had a return on equity of 5.52% and a net margin of 19.14%.The company had revenue of $189.62 million for the quarter, compared to analyst estimates of $187.46 million. During the same period in the prior year, the company earned $0.64 EPS. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. Equities research analysts predict that Phillips Edison & Company, Inc. will post 2.77 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a $0.1083 dividend. The ex-dividend date is Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 113.04%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Morgan Stanley lifted their price target on Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, July 10th. Wells Fargo & Company boosted their price target on Phillips Edison & Company, Inc. from $42.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Weiss Ratings raised Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Finally, Barclays increased their price objective on Phillips Edison & Company, Inc. from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $44.78.

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.