PHILLIPS EDISON & COMPANY, INC.
In the published model solve dated 2026-Q2, anchored at $41.59, PHILLIPS EDISON & COMPANY, INC. (PECO) is priced for -3.2% AFFO growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
• Phillips Edison owns grocery-anchored neighborhood centers where the anchor is a supermarket people visit weekly, and the model shows in the numbers: same-center leased occupancy of 97.3% and renewal rent spreads of 21.2% in Q1 2026 [Source: Q1 2026 earnings release, 8-K April 2026]. • The clearest risk is leverage against a slow-growth asset: net debt of about $2.49 billion sits at roughly 6.6 times funds from operations, so the dividend and the $400 to $500 million acquisition program both l
Is PECO overvalued? See what's priced in →
427 institutional managers reported holding PECO in 13F filings for the quarter ended 2026-03-31. Together they hold about 77% of the company; the top 10 hold 52%. 56 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 3.7M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (3.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
PECO's share count grew 34.5% over the past five years. It pays a dividend, and has paid one every year in our records (15 and counting); the current rate is $1.25 a share annually. Cash returned over the past three years: $415.45M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at PECO over the trailing three years. Absence is a fact about the company, not a signal. 10 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
PECO's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-03 | +1.6% | -5.9% |
| 2023-11-02 | +0.8% | +3.0% |
| 2024-02-13 | +0.8% | -6.2% |
| 2024-04-27 | -1.8% | +0.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
PECO's latest 8-K filings: 2026-08-05 (items 7.01, 9.01); 2026-07-23 (items 2.02, 7.01, 9.01); 2026-05-12 (items 5.07, 7.01, 9.01); 2026-04-23 (items 2.02, 7.01, 9.01); 2026-02-26 (items 1.01, 2.03, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.