Phillips Edison & Company, Inc. (NASDAQ:PECO) Posts Earnings Results, Beats Expectations By $0.01 EPS

Phillips Edison & Company, Inc. (NASDAQ:PECO) released its quarterly earnings data on Thursday. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01, Zacks reports. Phillips Edison & Company, Inc. had a return on equity of 2.64% and a net margin of 9.91%.The business had revenue of $178.29 million during the quarter, compared to the consensus estimate of $177.19 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. Phillips Edison & Company, Inc. updated its FY 2025 guidance to 0.620-0.650 EPS.

Phillips Edison & Company, Inc. Price Performance

PECO opened at $34.42 on Friday. The business’s 50-day moving average price is $34.59 and its two-hundred day moving average price is $34.85. Phillips Edison & Company, Inc. has a 1 year low of $32.40 and a 1 year high of $40.12. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 62.58, a P/E/G ratio of 1.60 and a beta of 0.54.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, November 4th. Investors of record on Wednesday, October 15th will be paid a $0.1083 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 3.8%. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 236.36%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays increased their price target on shares of Phillips Edison & Company, Inc. from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Monday, October 6th. Wall Street Zen downgraded shares of Phillips Edison & Company, Inc. from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Mizuho cut their target price on shares of Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, July 17th. Wells Fargo & Company began coverage on shares of Phillips Edison & Company, Inc. in a research report on Tuesday. They set an “equal weight” rating and a $36.00 price target on the stock. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Phillips Edison & Company, Inc. in a report on Tuesday, September 9th. They issued a “buy” rating and a $40.00 price target for the company. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Phillips Edison & Company, Inc. presently has a consensus rating of “Hold” and an average target price of $38.86.

Institutional Trading of Phillips Edison & Company, Inc.

A number of hedge funds have recently made changes to their positions in PECO. Lazard Asset Management LLC increased its holdings in shares of Phillips Edison & Company, Inc. by 1.0% in the second quarter. Lazard Asset Management LLC now owns 30,876 shares of the company’s stock valued at $1,081,000 after purchasing an additional 314 shares during the last quarter. AQR Capital Management LLC raised its holdings in Phillips Edison & Company, Inc. by 8.2% in the 1st quarter. AQR Capital Management LLC now owns 11,091 shares of the company’s stock valued at $405,000 after acquiring an additional 845 shares during the period. EverSource Wealth Advisors LLC lifted its position in Phillips Edison & Company, Inc. by 49.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,604 shares of the company’s stock worth $91,000 after acquiring an additional 865 shares during the last quarter. State of Tennessee Department of Treasury boosted its holdings in shares of Phillips Edison & Company, Inc. by 2.1% during the second quarter. State of Tennessee Department of Treasury now owns 54,189 shares of the company’s stock worth $1,898,000 after acquiring an additional 1,122 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in shares of Phillips Edison & Company, Inc. by 3.7% in the second quarter. Daiwa Securities Group Inc. now owns 44,244 shares of the company’s stock valued at $1,550,000 after purchasing an additional 1,572 shares during the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

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.