Odyssean LLC Has $2.95 Million Stock Holdings in Phillips Edison & Company, Inc. $PECO

Key Points

• Odyssean LLC increased its Phillips Edison & Company stake by 84.5% in the second quarter, owning 70,815 shares valued at approximately $2.95 million. Institutional investors collectively hold 80.7% of PECO’s outstanding shares.
• Phillips Edison reported quarterly revenue of $189.62 million, up 6.7% year over year and above estimates, but earnings per share of $0.33 fell well short of the $0.68 consensus forecast.
• The REIT declared a monthly dividend of $0.1083 per share, implying a 3.3% annualized yield. Analysts maintain a consensus “Hold” rating, with an average price target of $44.78 versus the reported share price of $39.91.

Odyssean LLC raised its position in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 84.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,815 shares of the company's stock after acquiring an additional 32,443 shares during the period. Odyssean LLC owned about 0.06% of Phillips Edison & Company, Inc. worth $2,947,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of Phillips Edison & Company, Inc. by 12.8% during the first quarter. Royal Bank of Canada now owns 81,726 shares of the company's stock valued at $2,982,000 after purchasing an additional 9,250 shares during the period. AQR Capital Management LLC raised its stake in shares of Phillips Edison & Company, Inc. by 8.2% in the first quarter. AQR Capital Management LLC now owns 11,091 shares of the company's stock valued at $405,000 after purchasing an additional 845 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Phillips Edison & Company, Inc. in the first quarter worth $333,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Phillips Edison & Company, Inc. by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,111 shares of the company's stock worth $2,668,000 after purchasing an additional 3,199 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in 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 worth $91,000 after buying an additional 865 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO opened at $39.91 on Wednesday. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 34.70, a PEG ratio of 2.05 and a beta of 0.52. The stock has a fifty day moving average price of $41.63 and a two-hundred day moving average price of $39.93. Phillips Edison & Company, Inc. has a 52-week low of $32.98 and a 52-week high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced 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). 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 for the quarter, compared to the consensus estimate of $187.46 million. During the same quarter in the previous year, the company posted $0.64 EPS. Phillips Edison & Company, Inc.'s revenue for the quarter was up 6.7% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. As a group, research analysts predict that Phillips Edison & Company, Inc. will post 2.77 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be issued a dividend of $0.1083 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 3.3%. Phillips Edison & Company, Inc.'s dividend payout ratio is currently 113.04%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PECO. LADENBURG THALM/SH SH boosted their price target on shares of Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a "buy" rating in a report on Tuesday, June 16th. Weiss Ratings upgraded shares of Phillips Edison & Company, Inc. from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, July 23rd. Barclays upped their target price on shares of Phillips Edison & Company, Inc. from $45.00 to $46.00 and gave the company an "equal weight" rating in a research note on Monday, August 17th. Morgan Stanley increased their price target on shares of Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Friday, July 10th. Finally, JPMorgan Chase & Co. raised their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $44.78.

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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