Amundi Reduces Holdings in Phillips Edison & Company, Inc. $PECO

Key Points

• Amundi has reduced its stake in Phillips Edison & Company, Inc. by 5.9%, selling 7,700 shares and now holding 122,018 shares valued at approximately $4.4 million.
• The company reported a net margin of 9.91% for the last quarter, with earnings per share of $0.64, exceeding expectations by $0.01.
• Phillips Edison & Company has announced a monthly dividend of $0.1083 per share, resulting in an annualized dividend yield of 3.7% and a payout ratio of 223.64%.

Amundi cut its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 5.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 122,018 shares of the company's stock after selling 7,700 shares during the period. Amundi owned about 0.10% of Phillips Edison & Company, Inc. worth $4,400,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PECO. Crossmark Global Holdings Inc. purchased a new position in Phillips Edison & Company, Inc. in the 1st quarter valued at about $242,000. Teacher Retirement System of Texas grew its holdings in Phillips Edison & Company, Inc. by 11.8% in the 1st quarter. Teacher Retirement System of Texas now owns 36,284 shares of the company's stock valued at $1,324,000 after buying an additional 3,841 shares in the last quarter. Principal Financial Group Inc. raised its stake in Phillips Edison & Company, Inc. by 4.7% during the first quarter. Principal Financial Group Inc. now owns 623,420 shares of the company's stock worth $22,749,000 after purchasing an additional 28,255 shares during the period. Janney Montgomery Scott LLC purchased a new position in Phillips Edison & Company, Inc. in the first quarter worth approximately $1,002,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Phillips Edison & Company, Inc. by 1.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,174,051 shares of the company's stock worth $79,331,000 after acquiring an additional 28,534 shares during the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Stock Down 0.3%

Phillips Edison & Company, Inc. stock traded down $0.12 during trading on Tuesday, reaching $35.40. The stock had a trading volume of 996,946 shares, compared to its average volume of 736,788. Phillips Edison & Company, Inc. has a 52-week low of $32.40 and a 52-week high of $40.12. The stock has a market cap of $4.45 billion, a PE ratio of 64.36, a P/E/G ratio of 1.21 and a beta of 0.55. The business has a 50 day moving average price of $34.62 and a 200 day moving average price of $35.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.01. The company had revenue of $173.47 million for 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 company's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 EPS. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. On average, equities analysts predict that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 4th. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.1083 per share. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, October 15th. Phillips Edison & Company, Inc.'s payout ratio is 236.36%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PECO. Barclays lowered their price target on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. Wall Street Zen lowered shares of Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a research note on Saturday. LADENBURG THALM/SH SH initiated 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 price target on the stock. Finally, Mizuho decreased their target price on 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. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $38.83.

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.