Vanguard Group Inc. Lowers Stake in Phillips Edison & Company, Inc. $PECO

Key Points

• Vanguard trimmed its holding in Phillips Edison & Company by 0.6% to 20,215,956 shares (about 16.07% of the company), and overall institutional/hedge fund ownership sits around 80.7%.
• The company missed quarterly EPS ($0.24 vs. $0.67 expected) despite revenue growth, issued FY2026 EPS guidance of $0.79–0.81, and carries a MarketBeat consensus rating of "Hold" with an average target of $40.00.
• PECO declared a monthly dividend of $0.1083 (3.3% yield) payable June 2, but the payout ratio is a high 141.3%, raising questions about dividend sustainability.

Vanguard Group Inc. lowered its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 0.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 20,215,956 shares of the company's stock after selling 129,218 shares during the period. Vanguard Group Inc. owned approximately 16.07% of Phillips Edison & Company, Inc. worth $719,082,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Balyasny Asset Management L.P. boosted its position in Phillips Edison & Company, Inc. by 191.9% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,869,618 shares of the company's stock valued at $64,184,000 after buying an additional 1,229,186 shares during the period. M&T Bank Corp purchased a new position in Phillips Edison & Company, Inc. in the 4th quarter valued at approximately $27,133,000. Qube Research & Technologies Ltd boosted its position in Phillips Edison & Company, Inc. by 57.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 849,693 shares of the company's stock valued at $29,170,000 after buying an additional 309,321 shares during the period. Dark Forest Capital Management LP boosted its position in Phillips Edison & Company, Inc. by 1,193.4% in the 3rd quarter. Dark Forest Capital Management LP now owns 240,702 shares of the company's stock valued at $8,263,000 after buying an additional 222,092 shares during the period. Finally, SG Americas Securities LLC boosted its position in Phillips Edison & Company, Inc. by 764.8% in the 4th quarter. SG Americas Securities LLC now owns 206,175 shares of the company's stock valued at $7,334,000 after buying an additional 182,333 shares during the period. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PECO has been the subject of several recent research reports. Weiss Ratings cut shares of Phillips Edison & Company, Inc. from a "buy (b)" rating to a "buy (b-)" rating in a research report on Monday, April 27th. Morgan Stanley raised their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 21st. UBS Group raised their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Thursday, January 8th. Barclays raised their price target on shares of Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Monday, April 13th. Finally, Wells Fargo & Company raised 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. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $40.00.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO opened at $39.87 on Monday. Phillips Edison & Company, Inc. has a twelve month low of $32.84 and a twelve month high of $40.71. The firm's fifty day simple moving average is $38.46 and its 200-day simple moving average is $36.51. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 43.34, a PEG ratio of 1.02 and a beta of 0.54.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $190.74 million during the quarter, compared to analyst estimates of $184.91 million. During the same quarter in the previous year, the business posted $0.65 earnings per share. Phillips Edison & Company, Inc.'s revenue for the quarter 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, analysts predict that Phillips Edison & Company, Inc. will post 2.75 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be paid a $0.1083 dividend. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 3.3%. Phillips Edison & Company, Inc.'s payout ratio is currently 141.30%.

About Phillips Edison & Company, Inc.

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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