Yousif Capital Management LLC Increases Holdings in Phillips Edison & Company, Inc. $PECO

Yousif Capital Management LLC increased its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 1.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,206 shares of the company’s stock after purchasing an additional 679 shares during the period. Yousif Capital Management LLC’s holdings in Phillips Edison & Company, Inc. were worth $1,654,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. CWM LLC boosted its position in Phillips Edison & Company, Inc. by 2.0% during the 2nd quarter. CWM LLC now owns 19,777 shares of the company’s stock worth $693,000 after purchasing an additional 385 shares during the period. Aberdeen Group plc lifted its holdings in Phillips Edison & Company, Inc. by 3.6% in the 2nd quarter. Aberdeen Group plc now owns 121,594 shares of the company’s stock worth $4,259,000 after buying an additional 4,220 shares in the last quarter. Blair William & Co. IL acquired a new position in Phillips Edison & Company, Inc. in the 2nd quarter worth $486,000. Maryland State Retirement & Pension System lifted its holdings in Phillips Edison & Company, Inc. by 1.0% in the 2nd quarter. Maryland State Retirement & Pension System now owns 36,853 shares of the company’s stock worth $1,291,000 after buying an additional 371 shares in the last quarter. Finally, KLP Kapitalforvaltning AS lifted its holdings in Phillips Edison & Company, Inc. by 7.9% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 26,000 shares of the company’s stock worth $913,000 after buying an additional 1,900 shares in the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PECO has been the topic of a number of recent analyst reports. Mizuho cut their price objective 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. Wall Street Zen lowered shares of Phillips Edison & Company, Inc. from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. UBS Group assumed coverage on shares of Phillips Edison & Company, Inc. in a report on Friday. They issued a “neutral” rating and a $37.00 price objective on the stock. LADENBURG THALM/SH SH assumed coverage on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, September 9th. They issued a “buy” rating and a $40.00 target price on the stock. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research note on Wednesday, October 8th. Three investment 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.86.

Phillips Edison & Company, Inc. Stock Up 1.4%

PECO opened at $34.51 on Monday. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 62.75, a price-to-earnings-growth ratio of 1.18 and a beta of 0.54. Phillips Edison & Company, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $40.12. The company’s 50-day moving average price is $34.53 and its 200 day moving average price is $34.85.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its earnings results on Thursday, July 24th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.63 by $0.01. Phillips Edison & Company, Inc. had a net margin of 9.91% and a return on equity of 2.64%. The firm 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 firm earned $0.59 EPS. Phillips Edison & Company, Inc.’s quarterly revenue was up 10.1% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. 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 firm 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 dividend of $0.1083 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) annualized dividend and a yield of 3.8%. 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.