Sei Investments Co. Has $6.27 Million Stock Position in Phillips Edison & Company, Inc. $PECO

Sei Investments Co. boosted its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 9.8% in the 1st quarter, HoldingsChannel reports. The firm owned 167,443 shares of the company’s stock after buying an additional 14,999 shares during the period. Sei Investments Co.’s holdings in Phillips Edison & Company, Inc. were worth $6,266,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter worth approximately $70,850,000. Balyasny Asset Management L.P. grew its position in Phillips Edison & Company, Inc. by 191.9% during the 3rd 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. M&T Bank Corp bought a new stake in Phillips Edison & Company, Inc. during the 4th quarter worth approximately $27,133,000. Alyeska Investment Group L.P. acquired a new stake in Phillips Edison & Company, Inc. during the 4th quarter valued at $19,400,000. Finally, Verition Fund Management LLC increased its holdings in Phillips Edison & Company, Inc. by 2,343.2% during the 4th quarter. Verition Fund Management LLC now owns 513,076 shares of the company’s stock valued at $18,250,000 after purchasing an additional 492,076 shares in the last quarter. 80.70% of the stock is owned by institutional investors.

Phillips Edison & Company, Inc. Stock Performance

NASDAQ:PECO opened at $42.20 on Tuesday. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 36.70, a P/E/G ratio of 2.21 and a beta of 0.52. The stock’s fifty day moving average price is $41.76 and its two-hundred day moving average price is $39.43. Phillips Edison & Company, Inc. has a 52-week low of $32.84 and a 52-week high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its earnings results on Thursday, July 23rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate 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 net margin of 19.14% and a return on equity of 5.52%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the business posted $0.64 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. On average, equities analysts predict that Phillips Edison & Company, Inc. will post 2.76 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 4th. Investors of record on Wednesday, July 15th will be given a $0.1083 dividend. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Wednesday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 113.04%.

Wall Street Analysts Forecast Growth

PECO has been the topic of a number of recent analyst reports. UBS Group boosted their price objective on Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Wells Fargo & Company raised their target price 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. Griffin Securities set a $47.00 price target on shares of Phillips Edison & Company, Inc. in a research report on Monday, July 27th. Finally, Barclays increased their price objective on shares of Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Phillips Edison & Company, Inc. has a consensus rating of “Hold” and an average price target of $44.50.

Phillips Edison & Company, Inc. 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.