Dimensional Fund Advisors LP Grows Stake in Phillips Edison & Company, Inc. $PECO

Dimensional Fund Advisors LP raised its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 4.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,899,214 shares of the company’s stock after buying an additional 74,274 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Phillips Edison & Company, Inc. were worth $71,068,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new stake in Phillips Edison & Company, Inc. in the fourth quarter valued at $31,000. 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 worth $37,000 after purchasing an additional 376 shares in the last quarter. 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 worth $41,000 after purchasing an additional 672 shares in the last quarter. Quantbot Technologies LP bought a new position in Phillips Edison & Company, Inc. in the 3rd quarter worth $43,000. Finally, Global Assets Advisory LLC purchased a new stake in shares of Phillips Edison & Company, Inc. in the 1st quarter worth about $52,000. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ PECO opened at $42.49 on Friday. Phillips Edison & Company, Inc. has a 1 year low of $32.84 and a 1 year high of $44.38. The firm has a 50-day moving average of $41.73 and a 200 day moving average of $39.35. The stock has a market cap of $5.47 billion, a P/E ratio of 36.95, a price-to-earnings-growth ratio of 2.20 and a beta of 0.52.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.33 earnings per share 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 business had revenue of $189.62 million during the quarter, compared to analysts’ expectations of $187.46 million. During the same quarter last year, the company posted $0.64 EPS. Phillips Edison & Company, Inc.’s revenue for the quarter 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. Research analysts expect that Phillips Edison & Company, Inc. will post 2.76 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The business 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 $0.1083 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Phillips Edison & Company, Inc.’s payout ratio is currently 113.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PECO shares. UBS Group lifted their target price on shares of Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Wells Fargo & Company upped their target price on Phillips Edison & Company, Inc. from $42.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Barclays increased their target price on Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Weiss Ratings upgraded Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Finally, LADENBURG THALM/SH SH lifted their price target on Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.