California State Teachers Retirement System Acquires 28,041 Shares of Phillips Edison & Company, Inc. $PECO

Key Points

• California State Teachers Retirement System increased its PECO stake by 23.4%, purchasing 28,041 shares to own 148,020 shares valued at approximately $5.54 million. Institutional investors collectively hold 80.7% of Phillips Edison’s outstanding stock.
• Phillips Edison reported quarterly revenue of $189.6 million, up 6.7% year over year and slightly above estimates, but earnings per share of $0.33 fell well short of the $0.68 consensus. The company set fiscal 2026 EPS guidance at $0.95–$0.97.
• The REIT announced a monthly dividend of $0.1083, representing a 3.2% annualized yield, although its dividend payout ratio was elevated at 113.04%. Analysts maintained a generally neutral outlook, with an average price target of $44.67 versus the share price of $40.72.

California State Teachers Retirement System raised its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 23.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 148,020 shares of the company's stock after purchasing an additional 28,041 shares during the period. California State Teachers Retirement System owned about 0.12% of Phillips Edison & Company, Inc. worth $5,539,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new position in shares of Phillips Edison & Company, Inc. in the 4th quarter valued at $31,000. Aster Capital Management DIFC Ltd grew its position in Phillips Edison & Company, Inc. by 55.5% during 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 during the period. Smartleaf Asset Management LLC grew its position in Phillips Edison & Company, Inc. by 143.6% during 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 during the period. Quantbot Technologies LP acquired a new stake in shares of Phillips Edison & Company, Inc. during the 3rd quarter worth approximately $43,000. Finally, Prosperity Bancshares Inc purchased a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter valued at approximately $50,000. 80.70% of the stock is currently owned by institutional investors.

Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ PECO opened at $40.72 on Friday. The stock's 50-day simple moving average is $41.80 and its 200-day simple moving average is $39.56. The firm has a market capitalization of $5.24 billion, a PE ratio of 35.41, a price-to-earnings-growth ratio of 2.16 and a beta of 0.52. Phillips Edison & Company, Inc. has a fifty-two week low of $32.84 and a fifty-two week high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $0.33 earnings per share 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 analysts' expectations 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 revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. On average, sell-side analysts forecast 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 announced a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a $0.1083 dividend. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Monday, August 17th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is 113.04%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Griffin Securities set a $47.00 price target on Phillips Edison & Company, Inc. in a research report on Monday, July 27th. Evercore reaffirmed an "outperform" rating and set a $44.00 target price on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, July 7th. 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 report on Thursday, July 9th. Barclays boosted their target price on shares of Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings raised Phillips Edison & Company, Inc. from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, July 23rd. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $44.67.

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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