Allworth Financial LP Sells 34,269 Shares of Phillips Edison & Company, Inc. $PECO

Key Points

• Allworth Financial LP sold 34,269 shares of Phillips Edison & Company, cutting its position by 82% to 7,540 shares worth $259,000.
• Phillips Edison missed Quarterly EPS (reported $0.38 vs. $0.66 expected) while revenue rose 8.6% to $187.9M; management set FY2026 guidance of 0.740–0.770 EPS and the sell-side consensus remains "Hold" with a $39.43 price target.
• The company pays a monthly dividend of $0.1083 (3.5% yield) but has a high payout ratio of 146%, and institutional investors own about 80.7% of the stock.

Allworth Financial LP cut its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 82.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,540 shares of the company's stock after selling 34,269 shares during the quarter. Allworth Financial LP's holdings in Phillips Edison & Company, Inc. were worth $259,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in shares of Phillips Edison & Company, Inc. by 2,590.0% during the third quarter. Jones Financial Companies Lllp now owns 1,076 shares of the company's stock valued at $37,000 after purchasing an additional 1,036 shares during the period. Hantz Financial Services Inc. grew its holdings in Phillips Edison & Company, Inc. by 418.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,119 shares of the company's stock worth $38,000 after acquiring an additional 903 shares during the last quarter. Quantbot Technologies LP bought a new position in Phillips Edison & Company, Inc. during the 3rd quarter valued at approximately $43,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Phillips Edison & Company, Inc. by 6,850.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,529 shares of the company's stock valued at $52,000 after buying an additional 1,507 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Phillips Edison & Company, Inc. by 49.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,604 shares of the company's stock valued at $91,000 after acquiring an additional 865 shares in the last quarter. Institutional investors own 80.70% of the company's stock.

Wall Street Analyst Weigh In

PECO has been the subject of several research analyst reports. UBS Group raised their price objective on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Thursday, January 8th. Weiss Ratings upgraded Phillips Edison & Company, Inc. from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, February 13th. Morgan Stanley boosted their target price on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company an "equal weight" rating in a report on Monday, January 5th. Wells Fargo & Company lifted their price target on shares of Phillips Edison & Company, Inc. from $36.00 to $40.00 and gave the company an "equal weight" rating in a research report on Thursday, March 19th. Finally, Evercore set a $42.00 price objective on shares of Phillips Edison & Company, Inc. and gave the stock an "outperform" rating in a research note on Friday, February 6th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $39.43.

Phillips Edison & Company, Inc. Stock Performance

Phillips Edison & Company, Inc. stock opened at $36.88 on Friday. The stock has a market cap of $4.64 billion, a PE ratio of 41.44, a price-to-earnings-growth ratio of 0.94 and a beta of 0.51. Phillips Edison & Company, Inc. has a one year low of $32.40 and a one year high of $40.06. The stock has a fifty day moving average of $37.58 and a 200 day moving average of $35.79.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.28). Phillips Edison & Company, Inc. had a return on equity of 4.29% and a net margin of 15.32%.The business had revenue of $187.86 million during the quarter, compared to the consensus estimate of $183.18 million. During the same quarter last year, the company earned $0.62 EPS. Phillips Edison & Company, Inc.'s revenue for the quarter was up 8.6% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. As a group, sell-side analysts predict that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be given a $0.1083 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, May 15th. Phillips Edison & Company, Inc.'s payout ratio is currently 146.07%.

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.

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