Phillips Edison & Company, Inc. (NASDAQ:PECO) Posts Earnings Results, Misses Expectations By $0.43 EPS

Key Points

• EPS miss: Phillips Edison reported $0.24 EPS vs. $0.67 expected (a $0.43 miss) while revenue beat at $190.74M (vs. $184.91M) and the company updated FY2026 guidance to 0.790–0.810 EPS.
• Dividend and payout concern: The company announced a monthly dividend of $0.1083 (paid June 2; ex-dividend May 15) with a 3.3% yield, but a high payout ratio of 146.07% that may pressure sustainability.
• Market view and ownership: shares rose ~2.1% after the report; PECO has a consensus Hold rating with a $39.86 price target and is 80.7% institutionally owned, with several analysts recently tweaking targets.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.43), Zacks reports. Phillips Edison & Company, Inc. had a net margin of 15.32% and a return on equity of 4.29%. The firm had revenue of $190.74 million for the quarter, compared to analyst estimates of $184.91 million. During the same quarter in the prior year, the business posted $0.65 EPS. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. Phillips Edison & Company, Inc. updated its FY 2026 guidance to 0.790-0.810 EPS.

Phillips Edison & Company, Inc. Stock Up 2.1%

Shares of NASDAQ:PECO opened at $39.04 on Friday. Phillips Edison & Company, Inc. has a 52-week low of $32.84 and a 52-week high of $40.06. The stock has a market cap of $4.91 billion, a P/E ratio of 43.87, a PEG ratio of 0.97 and a beta of 0.53. The business has a fifty day moving average of $38.28 and a two-hundred day moving average of $36.25.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be issued a $0.1083 dividend. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, May 15th. Phillips Edison & Company, Inc.'s dividend payout ratio is presently 146.07%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Blair William & Co. IL raised its stake in Phillips Edison & Company, Inc. by 2.6% during the fourth quarter. Blair William & Co. IL now owns 11,011 shares of the company's stock worth $392,000 after purchasing an additional 276 shares during the period. Lazard Asset Management LLC grew its stake in shares of Phillips Edison & Company, Inc. by 1.0% in the 2nd quarter. Lazard Asset Management LLC now owns 30,876 shares of the company's stock valued at $1,081,000 after buying an additional 314 shares during the period. Kovack Advisors Inc. grew its stake in shares of Phillips Edison & Company, Inc. by 2.9% in the 4th quarter. Kovack Advisors Inc. now owns 11,474 shares of the company's stock valued at $408,000 after buying an additional 327 shares during the period. Aster Capital Management DIFC Ltd increased its holdings in shares of 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 buying an additional 376 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. increased its holdings in shares of Phillips Edison & Company, Inc. by 7.3% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 6,787 shares of the company's stock worth $233,000 after buying an additional 460 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Analyst Upgrades and Downgrades

PECO has been the topic of a number of analyst reports. Morgan Stanley raised their target price on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company an "equal weight" rating in a research report on Tuesday. Mizuho set a $39.00 price target on Phillips Edison & Company, Inc. in a report on Friday, January 9th. Weiss Ratings raised Phillips Edison & Company, Inc. from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, February 13th. Barclays upped their target price on Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Monday, April 13th. Finally, Wells Fargo & Company increased their target price on 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 investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $39.86.

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.