13,879 Shares in Phillips Edison & Company, Inc. $PECO Purchased by Blair William & Co. IL

Blair William & Co. IL purchased a new stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 13,879 shares of the company’s stock, valued at approximately $486,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Phillips Edison & Company, Inc. by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 19,720,204 shares of the company’s stock valued at $719,590,000 after buying an additional 397,862 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Phillips Edison & Company, Inc. by 1.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,174,051 shares of the company’s stock valued at $79,331,000 after buying an additional 28,534 shares during the period. Alyeska Investment Group L.P. grew its holdings in shares of Phillips Edison & Company, Inc. by 42.1% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,013,308 shares of the company’s stock worth $73,466,000 after purchasing an additional 596,123 shares during the period. Adage Capital Partners GP L.L.C. grew its holdings in shares of Phillips Edison & Company, Inc. by 54.9% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 915,000 shares of the company’s stock worth $33,388,000 after purchasing an additional 324,139 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Phillips Edison & Company, Inc. during the 1st quarter worth about $32,465,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. UBS Group assumed coverage on Phillips Edison & Company, Inc. in a report on Friday. They set a “neutral” rating and a $37.00 target price for the company. Mizuho decreased their target price on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, July 17th. Wall Street Zen cut Phillips Edison & Company, Inc. from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Barclays boosted their price target on Phillips Edison & Company, Inc. from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Monday, October 6th. Finally, LADENBURG THALM/SH SH began coverage on Phillips Edison & Company, Inc. in a research 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 five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $38.86.

Phillips Edison & Company, Inc. Price Performance

Shares of PECO opened at $34.51 on Friday. The company has a market cap of $4.33 billion, a P/E ratio of 62.75, a PEG ratio of 1.16 and a beta of 0.54. The stock has a fifty day moving average price of $34.53 and a 200 day moving average price of $34.88. Phillips Edison & Company, Inc. has a 12 month low of $32.40 and a 12 month high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.01. Phillips Edison & Company, Inc. had a return on equity of 2.64% and a net margin of 9.91%.The company had revenue of $173.47 million during the quarter, compared to analysts’ expectations of $174.38 million. During the same quarter in the prior year, the business posted $0.59 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. As a group, research 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 business also recently announced a monthly dividend, which will be paid on Tuesday, November 4th. Stockholders of record on Wednesday, October 15th will be issued a dividend of $0.1083 per share. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, October 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 236.36%.

Phillips Edison & Company, Inc. Company 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.