Quantinno Capital Management LP Has $3.90 Million Stock Holdings in Phillips Edison & Company, Inc. $PECO

Quantinno Capital Management LP lifted its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 317.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 104,283 shares of the company's stock after buying an additional 79,315 shares during the quarter. Quantinno Capital Management LP owned about 0.08% of Phillips Edison & Company, Inc. worth $3,902,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PECO. Flagship Harbor Advisors LLC acquired a new stake in Phillips Edison & Company, Inc. in the 4th quarter valued at about $31,000. Aster Capital Management DIFC Ltd raised its stake in shares of Phillips Edison & Company, Inc. by 55.5% in 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 during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of 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 purchasing an additional 672 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Phillips Edison & Company, Inc. during the third quarter worth approximately $43,000. Finally, Prosperity Bancshares Inc bought a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter valued at approximately $50,000. Institutional investors and hedge funds own 80.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PECO. Morgan Stanley boosted their price objective 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. Griffin Securities set a $47.00 price objective on Phillips Edison & Company, Inc. in a research report on Monday, July 27th. UBS Group lifted their target price on 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. Weiss Ratings upgraded Phillips Edison & Company, Inc. from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. upped their price target on Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the company a "neutral" rating in a research note on Tuesday. Three research 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, Phillips Edison & Company, Inc. has a consensus rating of "Hold" and a consensus price target of $44.67.

Phillips Edison & Company, Inc. Price Performance

PECO opened at $40.75 on Friday. The firm has a 50 day simple moving average of $41.81 and a 200 day simple moving average of $39.57. Phillips Edison & Company, Inc. has a fifty-two week low of $32.84 and a fifty-two week high of $44.38. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 35.44, a price-to-earnings-growth ratio of 2.11 and a beta of 0.52.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.35). The business had revenue of $189.62 million during the quarter, compared to the consensus estimate of $187.46 million. Phillips Edison & Company, Inc. had a net margin of 19.14% and a return on equity of 5.52%. Phillips Edison & Company, Inc.'s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. As a group, analysts expect that Phillips Edison & Company, Inc. will post 2.76 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be issued a $0.1083 dividend. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, August 17th. Phillips Edison & Company, Inc.'s dividend payout ratio is currently 113.04%.

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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