25,542 Shares in Phillips Edison & Company, Inc. $PECO Acquired by Blankinship & Foster LLC

Blankinship & Foster LLC acquired a new stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 25,542 shares of the company’s stock, valued at approximately $895,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position 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 worth $79,331,000 after buying an additional 28,534 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of 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 acquiring an additional 38,675 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of Phillips Edison & Company, Inc. by 30.0% in the first quarter. Public Sector Pension Investment Board now owns 396,982 shares of the company’s stock worth $14,486,000 after acquiring an additional 91,523 shares during the period. Vanguard Group Inc. raised its holdings in shares of Phillips Edison & Company, Inc. by 2.1% during the first quarter. Vanguard Group Inc. now owns 19,720,204 shares of the company’s stock valued at $719,590,000 after purchasing an additional 397,862 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Phillips Edison & Company, Inc. by 4.7% during the first quarter. LPL Financial LLC now owns 388,084 shares of the company’s stock valued at $14,161,000 after purchasing an additional 17,448 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

PECO has been the topic of several research reports. Barclays raised their target price on shares of Phillips Edison & Company, Inc. from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Monday, October 6th. UBS Group began coverage on Phillips Edison & Company, Inc. in a report on Friday, October 17th. They issued a “neutral” rating and a $37.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research report on Wednesday, October 8th. Wells Fargo & Company initiated coverage on Phillips Edison & Company, Inc. in a research report on Tuesday, October 21st. They issued an “equal weight” rating and a $36.00 target price on the stock. Finally, LADENBURG THALM/SH SH began coverage on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, September 9th. They set a “buy” rating and a $40.00 price target for the company. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $38.00.

Phillips Edison & Company, Inc. Stock Down 0.1%

Shares of PECO opened at $34.65 on Friday. The business has a 50-day simple moving average of $34.48 and a two-hundred day simple moving average of $34.76. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 52.50, a PEG ratio of 1.49 and a beta of 0.53. Phillips Edison & Company, Inc. has a 52 week low of $32.40 and a 52 week high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data 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 company had revenue of $182.67 million for the quarter, compared to analysts’ expectations of $177.19 million. Phillips Edison & Company, Inc. had a net margin of 11.51% and a return on equity of 3.14%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 earnings per share. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.620-0.650 EPS. On average, equities analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be given a $0.1083 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Tuesday, February 17th. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 196.97%.

About Phillips Edison & Company, Inc.

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.