Adage Capital Partners GP L.L.C. Has $33.39 Million Stock Holdings in Phillips Edison & Company, Inc. $PECO

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in Phillips Edison & Company, acquiring an additional 324,139 shares, raising its total holdings to 915,000 shares, which represents a 54.9% increase.
• Institutional investors control 80.70% of Phillips Edison & Company, with notable investments from firms such as Nuveen LLC and Vanguard Group.
• Phillips Edison & Company has set its FY 2025 earnings guidance between $0.610 and $0.640 EPS, and recently announced a monthly dividend of $0.1083 per share.

Adage Capital Partners GP L.L.C. lifted its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 54.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 915,000 shares of the company's stock after acquiring an additional 324,139 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.73% of Phillips Edison & Company, Inc. worth $33,388,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Townsquare Capital LLC lifted its holdings in Phillips Edison & Company, Inc. by 3.6% during the 1st 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. Fifth Third Bancorp raised its holdings in Phillips Edison & Company, Inc. by 78.1% in the 1st quarter. Fifth Third Bancorp now owns 732 shares of the company's stock valued at $27,000 after acquiring an additional 321 shares in the last quarter. Norinchukin Bank The raised its holdings in Phillips Edison & Company, Inc. by 6.9% in the 1st quarter. Norinchukin Bank The now owns 5,785 shares of the company's stock valued at $211,000 after acquiring an additional 372 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Phillips Edison & Company, Inc. by 0.3% in the 1st quarter. State of Alaska Department of Revenue now owns 128,895 shares of the company's stock valued at $4,701,000 after acquiring an additional 430 shares in the last quarter. Finally, Xponance Inc. increased its stake in shares of Phillips Edison & Company, Inc. by 5.3% in the 1st quarter. Xponance Inc. now owns 9,276 shares of the company's stock valued at $338,000 after purchasing an additional 467 shares during the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PECO. Wall Street Zen upgraded Phillips Edison & Company, Inc. from a "sell" rating to a "hold" rating in a research note on Friday. Barclays decreased their price target on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 27th. LADENBURG THALM/SH SH assumed coverage on Phillips Edison & Company, Inc. in a research note on Tuesday. They issued a "buy" rating and a $40.00 price target on the stock. Finally, Mizuho reduced their price objective on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating on the stock in a research report on Thursday, July 17th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $38.57.

Phillips Edison & Company, Inc. Stock Down 0.2%

Shares of NASDAQ PECO traded down $0.09 during trading on Tuesday, reaching $35.66. The company had a trading volume of 116,044 shares, compared to its average volume of 792,103. The company's fifty day moving average price is $34.54 and its 200-day moving average price is $35.14. 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 $4.48 billion, a P/E ratio of 64.89, a PEG ratio of 1.23 and a beta of 0.55.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.01. Phillips Edison & Company, Inc. had a return on equity of 2.64% and a net margin of 9.91%.The firm had revenue of $173.47 million for the quarter, compared to analyst estimates of $174.38 million. During the same quarter in the previous year, the company posted $0.59 EPS. The business's 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. As a group, equities analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, November 4th. Shareholders of record on Wednesday, October 15th will be given a $0.1083 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Wednesday, October 15th. Phillips Edison & Company, Inc.'s payout ratio is 223.64%.

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.