Blair William & Co. IL Acquires Shares of 13,879 Phillips Edison & Company, Inc. $PECO

Blair William & Co. IL acquired a new position in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 13,879 shares of the company's stock, valued at approximately $486,000.

Other large investors have also modified their holdings of the company. Nuveen LLC purchased a new stake in Phillips Edison & Company, Inc. in the 1st quarter worth $32,465,000. Alyeska Investment Group L.P. increased its holdings in Phillips Edison & Company, Inc. by 42.1% in the 1st quarter. Alyeska Investment Group L.P. now owns 2,013,308 shares of the company's stock worth $73,466,000 after acquiring an additional 596,123 shares in the last quarter. Millennium Management LLC increased its holdings in Phillips Edison & Company, Inc. by 129.2% in the 1st quarter. Millennium Management LLC now owns 855,138 shares of the company's stock worth $31,204,000 after acquiring an additional 482,057 shares in the last quarter. Vanguard Group Inc. increased its holdings in Phillips Edison & Company, Inc. by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 19,720,204 shares of the company's stock worth $719,590,000 after acquiring an additional 397,862 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its holdings in Phillips Edison & Company, Inc. by 54.9% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 915,000 shares of the company's stock worth $33,388,000 after acquiring an additional 324,139 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on PECO. Wall Street Zen lowered shares of Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. Mizuho dropped their target price on shares of Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating for the company in a report on Thursday, July 17th. UBS Group started coverage on shares of Phillips Edison & Company, Inc. in a report on Friday. They set a "neutral" rating and a $37.00 target price for the company. Barclays upped their target price on shares of 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. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Phillips Edison & Company, Inc. in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $38.86.

Phillips Edison & Company, Inc. Stock Up 1.4%

Shares of Phillips Edison & Company, Inc. stock opened at $34.51 on Friday. The firm has a market capitalization of $4.33 billion, a P/E ratio of 62.75, a P/E/G ratio of 1.16 and a beta of 0.54. Phillips Edison & Company, Inc. has a 52 week low of $32.40 and a 52 week high of $40.12. The firm's 50 day moving average is $34.53 and its two-hundred day moving average is $34.88.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.63 by $0.01. The company had revenue of $173.47 million for the quarter, compared to analyst estimates of $174.38 million. Phillips Edison & Company, Inc. had a net margin of 9.91% and a return on equity of 2.64%. The firm's revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 earnings per share. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. As a group, research analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, November 4th. Shareholders of record on Wednesday, October 15th will be issued a $0.1083 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 3.8%. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is 236.36%.

Phillips Edison & Company, Inc. 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.

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