AlphaQuest LLC Has $567,000 Position in Phillips Edison & Company, Inc. $PECO

Key Points

• AlphaQuest LLC has increased its holdings in Phillips Edison & Company, Inc. by 107.1%, acquiring an additional 8,043 shares to reach a total of 15,552 shares valued at approximately $567,000.
• Recent analyst ratings indicate a mixed outlook for PECO, with two analysts issuing a "Buy" rating and four giving a "Hold" rating, while the consensus target price is set at $38.50.
• Phillips Edison & Company, Inc. has announced a monthly dividend of $0.1025 per share, which represents an annualized yield of 3.6% and a payout ratio of 223.64%.

AlphaQuest LLC increased its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 107.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,552 shares of the company's stock after acquiring an additional 8,043 shares during the period. AlphaQuest LLC's holdings in Phillips Edison & Company, Inc. were worth $567,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PECO. Townsquare Capital LLC increased its stake in Phillips Edison & Company, Inc. by 3.6% in the 1st quarter. Townsquare Capital LLC now owns 8,610 shares of the company's stock valued at $314,000 after buying an additional 303 shares during the last quarter. Fifth Third Bancorp increased its stake 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 buying an additional 321 shares during the last quarter. Norinchukin Bank The increased its stake 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 buying an additional 372 shares during the last quarter. State of Alaska Department of Revenue increased its stake 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 buying an additional 430 shares during the last quarter. Finally, Xponance Inc. increased its stake in 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 buying an additional 467 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on PECO shares. Mizuho lowered their price target 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. Wall Street Zen lowered shares of Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Finally, Barclays lowered their price objective on shares of 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. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $38.33.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO stock traded up $0.15 during midday trading on Thursday, hitting $34.86. 844,040 shares of the company were exchanged, compared to its average volume of 994,774. The firm has a market capitalization of $4.38 billion, a P/E ratio of 63.38, a PEG ratio of 1.18 and a beta of 0.54. The firm's 50 day moving average price is $34.49 and its two-hundred day moving average price is $35.19. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.01. The firm had revenue of $173.47 million during the quarter, compared to the consensus estimate of $174.38 million. Phillips Edison & Company, Inc. had a net margin of 9.91% and a return on equity of 2.64%. The business's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 EPS. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. Analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Friday, August 15th will be issued a $0.1025 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a c) dividend on an annualized basis and a yield of 3.5%. Phillips Edison & Company, Inc.'s payout ratio is currently 223.64%.

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.