Phillips Edison & Company, Inc. (NASDAQ:PECO) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Phillips Edison & Company, Inc. (NASDAQ:PECO) issued its earnings results on Thursday. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02, Zacks reports. The business had revenue of $190.74 million during the quarter, compared to analysts’ expectations of $184.91 million. Phillips Edison & Company, Inc. had a return on equity of 4.29% and a net margin of 15.32%.Phillips Edison & Company, Inc.’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 EPS. Phillips Edison & Company, Inc. updated its FY 2026 guidance to 0.790-0.810 EPS.

Phillips Edison & Company, Inc. Trading Up 2.1%

Shares of Phillips Edison & Company, Inc. stock traded up $0.80 during trading on Thursday, reaching $39.04. The company’s stock had a trading volume of 1,290,751 shares, compared to its average volume of 881,975. The stock has a 50-day moving average price of $38.26 and a two-hundred day moving average price of $36.23. Phillips Edison & Company, Inc. has a one year low of $32.84 and a one year high of $40.06. The stock has a market capitalization of $4.91 billion, a P/E ratio of 43.87, a price-to-earnings-growth ratio of 0.99 and a beta of 0.53.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be issued a $0.1083 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, May 15th. Phillips Edison & Company, Inc.’s payout ratio is currently 146.07%.

Institutional Investors Weigh In On Phillips Edison & Company, Inc.

Hedge funds have recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. raised its stake in shares of Phillips Edison & Company, Inc. by 191.9% in the third quarter. Balyasny Asset Management L.P. now owns 1,869,618 shares of the company’s stock worth $64,184,000 after acquiring an additional 1,229,186 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter valued at approximately $19,400,000. Wellington Management Group LLP grew its stake in shares of Phillips Edison & Company, Inc. by 5.4% during the fourth quarter. Wellington Management Group LLP now owns 6,308,034 shares of the company’s stock valued at $224,377,000 after purchasing an additional 325,215 shares during the last quarter. Nuveen LLC increased its holdings in shares of Phillips Edison & Company, Inc. by 45.1% in the fourth quarter. Nuveen LLC now owns 1,008,126 shares of the company’s stock valued at $35,859,000 after purchasing an additional 313,327 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Phillips Edison & Company, Inc. by 57.2% in the third quarter. Qube Research & Technologies Ltd now owns 849,693 shares of the company’s stock valued at $29,170,000 after purchasing an additional 309,321 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

PECO has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price objective on Phillips Edison & Company, Inc. from $36.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday, March 19th. Evercore set a $42.00 price target on shares of Phillips Edison & Company, Inc. and gave the company an “outperform” rating in a research report on Friday, February 6th. Mizuho set a $39.00 price objective on shares of Phillips Edison & Company, Inc. in a research note on Friday, January 9th. Barclays raised their price objective on shares of Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, April 13th. Finally, Weiss Ratings upgraded shares of Phillips Edison & Company, Inc. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $39.86.

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.