Mitsubishi UFJ Asset Management Co. Ltd. Purchases 3,398 Shares of Phillips Edison & Company, Inc. $PECO

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 3.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 89,503 shares of the company’s stock after purchasing an additional 3,398 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of Phillips Edison & Company, Inc. worth $3,135,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PECO. Charles Schwab Investment Management Inc. increased its position in shares of Phillips Edison & Company, Inc. by 1.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,174,051 shares of the company’s stock valued at $79,331,000 after acquiring an additional 28,534 shares in the last quarter. Voya Investment Management LLC boosted its stake in Phillips Edison & Company, Inc. by 58.8% during the 1st quarter. Voya Investment Management LLC now owns 104,439 shares of the company’s stock valued at $3,811,000 after purchasing an additional 38,675 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in Phillips Edison & Company, Inc. by 30.0% during the 1st quarter. Public Sector Pension Investment Board now owns 396,982 shares of the company’s stock valued at $14,486,000 after purchasing an additional 91,523 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of 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 worth $719,590,000 after purchasing an additional 397,862 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of Phillips Edison & Company, Inc. by 4.7% in the first quarter. LPL Financial LLC now owns 388,084 shares of the company’s stock worth $14,161,000 after purchasing an additional 17,448 shares during the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Trading Down 0.1%

NASDAQ PECO opened at $34.69 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 market cap of $4.36 billion, a price-to-earnings ratio of 52.56, a PEG ratio of 1.50 and a beta of 0.53. The company’s 50 day moving average is $34.51 and its two-hundred day moving average is $34.76.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.44). The firm had revenue of $182.67 million during the quarter, compared to the consensus estimate of $177.19 million. Phillips Edison & Company, Inc. had a return on equity of 3.14% and a net margin of 11.51%.The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.62 earnings per share. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.620-0.650 EPS. Sell-side analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a $0.1083 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) annualized dividend and a yield of 3.7%. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 196.97%.

Wall Street Analyst Weigh In

PECO has been the topic of several recent analyst reports. Wells Fargo & Company assumed coverage on Phillips Edison & Company, Inc. in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $36.00 price objective on the stock. Mizuho lowered 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 research note on Thursday, July 17th. Barclays lifted their price target on shares of Phillips Edison & Company, Inc. from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, October 6th. Wall Street Zen upgraded shares of Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, UBS Group started coverage on shares of Phillips Edison & Company, Inc. in a report on Friday, October 17th. They issued a “neutral” rating and a $37.00 target price on the stock. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Phillips Edison & Company, Inc. presently has an average rating of “Hold” and a consensus target price of $38.00.

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.