Halbert Hargrove Global Advisors 13F: New $75K Stake in PECO

Halbert Hargrove Global Advisors has opened a new position in Phillips Edison & Company, Inc. (PECO), acquiring 2,021 shares valued at approximately $75,465 in a filing on October 16, 2026.

What Changed in Halbert Hargrove's Phillips Edison Position

Halbert Hargrove took a brand-new position by purchasing 2,021 shares of PECO, with no previous shares held. This new stake reflects a recent move into the real estate investment trust focused on grocery-anchored shopping centers.

Other Institutional Activity in Phillips Edison

Blackrock Inc. holds 23,307,528 shares of PECO, valued at about $890.6 million, after increasing its stake by 1,256,886 shares. Vanguard Portfolio Management LLC also added 511,057 shares, bringing its total to 14,398,478 shares worth around $550.2 million. State Street Corporation increased its holdings by 161,128 shares, ending with 7,290,689 shares valued at $278.6 million.

Phillips Edison & Company, Inc. Stock Up 1.1%

As of October 16, 2026, shares of Phillips Edison are trading around $38.37, which is below its 50-day moving average of about $38.55 and its 200-day average of about $39.04. The stock is also about 13.5% below its 52-week high of $44.38, making this an interesting time for investors.

Recent Earnings

Phillips Edison reported trailing twelve-month revenue of approximately $750.9 million and an earnings per share (EPS) of $1.14. The company is set to announce its next earnings report on October 26, 2026, which could provide further insights into performance and investor sentiment.

Analysts Set New Price Targets

On September 21, 2026, Evercore ISI Group maintained an Outperform rating with a target price of $44.00. Mizuho also maintained an Outperform rating on September 24, 2026, with a target of $39.00. Barclays, on September 28, 2026, maintained an Equal-Weight rating with a $43.00 target, while Wells Fargo and UBS also maintained similar ratings with targets of $41.00 and $42.00, respectively.

About Phillips Edison

Phillips Edison & Company, Inc. is a leading owner and operator of grocery-anchored shopping centers across the United States. The company focuses on necessity-based goods and has built a strong portfolio of well-occupied centers. With its solid operating platform, PECO continues to attract investment interest, as seen in Halbert Hargrove's recent acquisition.

Bottom Line

Halbert Hargrove’s new stake in PECO reflects a strategic move within the real estate sector, showcasing confidence in the company's grocery-anchored shopping center model. Investors should keep an eye on the upcoming earnings report on October 26, 2026, for further insights into PECO's performance. Remember, 13F filings are backward-looking and may not reflect current positions.