PFG Investments LLC Has $996,000 Position in Phillips Edison & Company, Inc. $PECO

PFG Investments LLC boosted its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 3.8% during the second quarter, HoldingsChannel.com reports. The firm owned 28,420 shares of the company’s stock after acquiring an additional 1,053 shares during the period. PFG Investments LLC’s holdings in Phillips Edison & Company, Inc. were worth $996,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its stake in shares of Phillips Edison & Company, Inc. by 78.1% during the 1st quarter. Fifth Third Bancorp now owns 732 shares of the company’s stock valued at $27,000 after buying an additional 321 shares during the period. CX Institutional acquired a new position in shares of Phillips Edison & Company, Inc. in the first quarter worth $30,000. Quarry LP raised its holdings in shares of Phillips Edison & Company, Inc. by 21,362.5% during the first quarter. Quarry LP now owns 1,717 shares of the company’s stock worth $63,000 after acquiring an additional 1,709 shares in the last quarter. FSC Wealth Advisors LLC acquired a new stake in Phillips Edison & Company, Inc. during the first quarter valued at $91,000. Finally, Rossby Financial LCC acquired a new stake in Phillips Edison & Company, Inc. during the first quarter valued at $105,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Down 1.4%

Shares of Phillips Edison & Company, Inc. stock opened at $33.67 on Friday. Phillips Edison & Company, Inc. has a 12-month low of $32.40 and a 12-month high of $40.12. The stock has a 50 day moving average price of $34.59 and a two-hundred day moving average price of $35.03. The stock has a market capitalization of $4.23 billion, a P/E ratio of 61.22, a PEG ratio of 1.16 and a beta of 0.54.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. The business had revenue of $173.47 million during the quarter, compared to analysts’ expectations of $174.38 million. Phillips Edison & Company, Inc. had a net margin of 9.91% and a return on equity of 2.64%. Phillips Edison & Company, Inc.’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 earnings per share. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. Sell-side analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, November 4th. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.1083 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Wednesday, October 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is 236.36%.

Analyst Upgrades and Downgrades

PECO has been the topic of several research reports. Mizuho dropped their target price on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, July 17th. Barclays cut their price objective on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 27th. Wall Street Zen downgraded shares of Phillips Edison & Company, Inc. from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Finally, LADENBURG THALM/SH SH began coverage on shares of Phillips Edison & Company, Inc. in a report on Tuesday, September 9th. They set a “buy” rating and a $40.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.83.

Phillips Edison & Company, Inc. Profile

Phillips Edison & Co, Inc is a real estate investment trust, which engages in the ownership and operation of shopping centers. It also offers an investment management business providing property management and advisory services. Its portfolio consists of well-occupied, grocery-anchored neighborhood and community shopping centers having a mix of national, regional, and local retailers offering necessity-based goods and services.