VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Phillips Edison & Company, Inc. $PECO

Key Points

• Virginia Retirement Systems bought 90,538 shares of Phillips Edison & Company worth approximately $3.77 million, joining other institutional investors that have increased their PECO holdings. Institutions and hedge funds own about 80.7% of the stock.
• PECO shares opened at $38.73, down 0.9%, and remain below their 12-month high of $44.38. The company reported quarterly EPS of $0.33, missing the $0.68 consensus estimate, although revenue rose 6.7% year over year to $189.62 million.
• Phillips Edison announced a monthly dividend of $0.115 per share, representing a 3.6% yield, while analysts maintain a consensus “Hold” rating with a $44.33 price target.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 90,538 shares of the company's stock, valued at approximately $3,768,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.07% of Phillips Edison & Company, Inc. as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of PECO. Verition Fund Management LLC grew its stake in shares of Phillips Edison & Company, Inc. by 2,343.2% in the 4th quarter. Verition Fund Management LLC now owns 513,076 shares of the company's stock worth $18,250,000 after buying an additional 492,076 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Phillips Edison & Company, Inc. by 33.5% in the 4th quarter. Hsbc Holdings PLC now owns 248,985 shares of the company's stock valued at $8,856,000 after acquiring an additional 62,523 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Phillips Edison & Company, Inc. by 4,823.2% in the 1st quarter. Fifth Third Bancorp now owns 34,216 shares of the company's stock valued at $1,280,000 after acquiring an additional 33,521 shares during the last quarter. Kennedy Capital Management LLC grew its position in Phillips Edison & Company, Inc. by 20.2% in the fourth quarter. Kennedy Capital Management LLC now owns 349,583 shares of the company's stock worth $12,435,000 after acquiring an additional 58,868 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Phillips Edison & Company, Inc. by 210.6% during the first quarter. First Trust Advisors LP now owns 119,885 shares of the company's stock worth $4,486,000 after acquiring an additional 81,293 shares during the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Trading Down 0.9%

Shares of PECO opened at $38.73 on Thursday. The firm has a market cap of $4.98 billion, a PE ratio of 33.68, a P/E/G ratio of 2.02 and a beta of 0.50. Phillips Edison & Company, Inc. has a 12 month low of $32.98 and a 12 month high of $44.38. The stock has a fifty day moving average price of $41.09 and a 200-day moving average price of $40.02.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced 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). 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 analysts' expectations of $187.46 million. During the same quarter last year, the firm earned $0.64 earnings per share. The firm's quarterly revenue was up 6.7% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. As a group, research analysts forecast that Phillips Edison & Company, Inc. will post 2.77 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be paid a $0.115 dividend. The ex-dividend date is Monday, November 16th. This represents a c) dividend on an annualized basis and a yield of 3.6%. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is 113.04%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PECO shares. JPMorgan Chase & Co. increased their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the company a "neutral" rating in a research note on Tuesday, August 4th. Weiss Ratings upgraded Phillips Edison & Company, Inc. from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, July 23rd. Wells Fargo & Company lowered their price target on shares of Phillips Edison & Company, Inc. from $47.00 to $43.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 1st. Morgan Stanley increased their price objective on shares of Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the company an "equal weight" rating in a research note on Friday, July 10th. Finally, Griffin Securities set a $47.00 price objective on shares of Phillips Edison & Company, Inc. in a report on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $44.33.

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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