Ameritas Advisory Services LLC Boosts Holdings in Phillips Edison & Company, Inc. $PECO

Ameritas Advisory Services LLC raised its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 79.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,001 shares of the company's stock after acquiring an additional 32,217 shares during the quarter. Ameritas Advisory Services LLC owned approximately 0.06% of Phillips Edison & Company, Inc. worth $3,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Odyssean LLC lifted its position in Phillips Edison & Company, Inc. by 84.5% during the second quarter. Odyssean LLC now owns 70,815 shares of the company's stock valued at $2,947,000 after purchasing an additional 32,443 shares in the last quarter. Continuum Advisory LLC bought a new position in shares of Phillips Edison & Company, Inc. in the second quarter worth about $211,000. Nykredit A S bought a new stake in Phillips Edison & Company, Inc. during the 2nd quarter worth approximately $107,000. Public Employees Retirement System of Ohio bought a new stake in Phillips Edison & Company, Inc. during the 2nd quarter worth approximately $6,032,000. Finally, Handelsbanken Fonder AB lifted its holdings in Phillips Edison & Company, Inc. by 9.8% during the second quarter. Handelsbanken Fonder AB now owns 38,200 shares of the company's stock valued at $1,590,000 after purchasing an additional 3,400 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

Wall Street Analysts Forecast Growth

PECO has been the topic of a number of recent analyst reports. UBS Group raised their price target on Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the company a "neutral" rating in a report on Thursday, July 9th. Wells Fargo & Company cut their price objective on shares of Phillips Edison & Company, Inc. from $47.00 to $43.00 and set an "equal weight" rating for the company in a report on Tuesday, September 1st. Weiss Ratings upgraded shares of Phillips Edison & Company, Inc. from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, July 23rd. Morgan Stanley boosted their target price on shares of Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the stock an "equal weight" rating in a report on Friday, July 10th. Finally, JPMorgan Chase & Co. upped their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $44.33.

Phillips Edison & Company, Inc. Trading Up 0.3%

Shares of NASDAQ:PECO opened at $39.08 on Wednesday. Phillips Edison & Company, Inc. has a 12 month low of $32.98 and a 12 month high of $44.38. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 2.02 and a beta of 0.50. The firm's 50-day moving average is $41.14 and its 200 day moving average is $40.01.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its earnings results on Thursday, July 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.35). The business had revenue of $189.62 million for the quarter, compared to analysts' expectations of $187.46 million. Phillips Edison & Company, Inc. had a net margin of 19.14% and a return on equity of 5.52%. The firm's quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. As a group, equities analysts forecast that Phillips Edison & Company, Inc. will post 2.77 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be paid a dividend of $0.115 per share. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 16th. Phillips Edison & Company, Inc.'s payout ratio is currently 120.00%.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Company, Inc is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of grocery-anchored, necessity-based shopping centers. The company's investment strategy is centered on properties that benefit from everyday consumer demand, seeking to deliver stable cash flows through long-term, triple-net leases with national and regional tenants in the grocery, drugstore and essential retail sectors.

In addition to its core retail portfolio, Phillips Edison & Company provides integrated services covering property management, asset management, leasing, development and acquisition sourcing.

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