Bessemer Group Inc. Has $7.05 Million Stock Position in Phillips Edison & Company, Inc. $PECO

Key Points

• Bessemer Group Inc. increased its PECO stake by 37% in the first quarter, buying an additional 50,940 shares and bringing its holding to 188,495 shares worth about $7.05 million.
• Wall Street sentiment is mixed but generally cautious: PECO has a consensus rating of "Hold" with an average price target of $43.43, even as several firms recently raised their targets.
• Phillips Edison reported mixed fundamentals and a monthly dividend, with Q1 EPS of $0.24 missing estimates while revenue beat forecasts; the company also declared a $0.1083 monthly dividend, implying a 3.0% yield.

Bessemer Group Inc. grew its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 37.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 188,495 shares of the company's stock after purchasing an additional 50,940 shares during the period. Bessemer Group Inc. owned approximately 0.15% of Phillips Edison & Company, Inc. worth $7,053,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new stake in Phillips Edison & Company, Inc. in the 4th quarter valued at $31,000. Aster Capital Management DIFC Ltd raised its stake in Phillips Edison & Company, Inc. by 55.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,053 shares of the company's stock worth $37,000 after acquiring an additional 376 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Phillips Edison & Company, Inc. by 143.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company's stock worth $41,000 after acquiring an additional 672 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Phillips Edison & Company, Inc. during the third quarter valued at $43,000. Finally, Prosperity Bancshares Inc bought a new position in shares of Phillips Edison & Company, Inc. during the fourth quarter valued at $50,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PECO. Wells Fargo & Company boosted their target price on shares of Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 26th. Evercore reissued an "outperform" rating and set a $44.00 price target on shares of Phillips Edison & Company, Inc. in a report on Tuesday, July 7th. UBS Group boosted their price target on shares of Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the company a "neutral" rating in a research report on Thursday, July 9th. Weiss Ratings cut shares of Phillips Edison & Company, Inc. from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 2nd. Finally, Barclays raised 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.com, the stock has a consensus rating of "Hold" and an average price target of $43.43.

Phillips Edison & Company, Inc. Stock Performance

Phillips Edison & Company, Inc. stock opened at $44.01 on Monday. The business's fifty day moving average is $41.08 and its two-hundred day moving average is $38.83. The firm has a market cap of $5.54 billion, a P/E ratio of 47.84, a P/E/G ratio of 2.34 and a beta of 0.52. 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 - Get Free Report) last announced its earnings results on Thursday, April 23rd. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.43). Phillips Edison & Company, Inc. had a net margin of 15.61% and a return on equity of 4.46%. The business had revenue of $190.74 million during the quarter, compared to analyst estimates of $184.91 million. During the same quarter last year, the business posted $0.65 earnings per share. The business's quarterly revenue was up 6.9% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. On average, equities research analysts predict that Phillips Edison & Company, Inc. will post 2.76 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Wednesday, July 15th will be given a $0.1083 dividend. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Wednesday, July 15th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is presently 141.30%.

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.

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