AlphaQuest LLC Boosts Stock Position in Phillips Edison & Company, Inc. $PECO

AlphaQuest LLC boosted its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 20.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 18,791 shares of the company’s stock after purchasing an additional 3,239 shares during the quarter. AlphaQuest LLC’s holdings in Phillips Edison & Company, Inc. were worth $658,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Townsquare Capital LLC grew its holdings in shares of Phillips Edison & Company, Inc. by 3.6% during the first quarter. Townsquare Capital LLC now owns 8,610 shares of the company’s stock worth $314,000 after purchasing an additional 303 shares during the last quarter. Maryland State Retirement & Pension System grew its holdings in shares of Phillips Edison & Company, Inc. by 1.0% during the second quarter. Maryland State Retirement & Pension System now owns 36,853 shares of the company’s stock worth $1,291,000 after purchasing an additional 371 shares during the last quarter. Norinchukin Bank The grew its holdings in shares of Phillips Edison & Company, Inc. by 6.9% during the first quarter. Norinchukin Bank The now owns 5,785 shares of the company’s stock worth $211,000 after purchasing an additional 372 shares during the last quarter. CWM LLC grew its holdings in shares of Phillips Edison & Company, Inc. by 2.0% during the second quarter. CWM LLC now owns 19,777 shares of the company’s stock worth $693,000 after purchasing an additional 385 shares during the last quarter. Finally, A&I Financial Services LLC grew its holdings in shares of Phillips Edison & Company, Inc. by 3.9% during the second quarter. A&I Financial Services LLC now owns 11,419 shares of the company’s stock worth $400,000 after purchasing an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO opened at $34.73 on Tuesday. Phillips Edison & Company, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $40.12. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 52.62, a price-to-earnings-growth ratio of 1.60 and a beta of 0.54. The firm has a 50-day simple moving average of $34.63 and a 200-day simple moving average of $34.86.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The firm had revenue of $178.29 million during the quarter, compared to the consensus estimate 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 revenue was up 10.4% compared to the same quarter last year. During the same quarter last 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. Equities research 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 disclosed a monthly dividend, which will be paid on Tuesday, November 4th. Investors of record on Wednesday, October 15th will be given a $0.1083 dividend. The ex-dividend date is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 3.7%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 196.97%.

Analysts Set New Price Targets

Several equities analysts have issued reports on PECO shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a report on Wednesday, October 8th. Mizuho dropped their price objective on 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. Barclays raised their price objective on 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 assumed coverage on Phillips Edison & Company, Inc. in a report on Friday, October 17th. They set a “neutral” rating and a $37.00 price objective on the stock. Finally, 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. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $38.86.

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.