Calton & Associates Inc. Purchases 22,486 Shares of Phillips Edison & Company, Inc. $PECO

Key Points

• Calton & Associates Inc. increased its stake in Phillips Edison & Company, Inc. by 67% during the first quarter, now holding 56,066 shares valued at approximately $2.05 million.
• Phillips Edison recently reported earnings of $0.64 EPS, beating estimates, and declared a monthly dividend of $0.1025 per share with a yield of 3.5%.
• Analyst ratings for Phillips Edison showed a downgrade from a "hold" to a "sell" by Wall Street Zen, with an average target price of $38.33.

Calton & Associates Inc. raised its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 67.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,066 shares of the company's stock after buying an additional 22,486 shares during the period. Calton & Associates Inc.'s holdings in Phillips Edison & Company, Inc. were worth $2,046,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of PECO. First Trust Advisors LP lifted its stake in Phillips Edison & Company, Inc. by 8.8% in the fourth quarter. First Trust Advisors LP now owns 89,668 shares of the company's stock valued at $3,359,000 after buying an additional 7,271 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Phillips Edison & Company, Inc. by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,396,937 shares of the company's stock worth $52,328,000 after acquiring an additional 59,059 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Phillips Edison & Company, Inc. by 11.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 79,799 shares of the company's stock valued at $2,990,000 after acquiring an additional 8,065 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of Phillips Edison & Company, Inc. by 54.0% in the 4th quarter. Voya Investment Management LLC now owns 65,764 shares of the company's stock valued at $2,464,000 after buying an additional 23,049 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Phillips Edison & Company, Inc. by 26.7% in the 4th quarter. Northern Trust Corp now owns 1,690,805 shares of the company's stock valued at $63,338,000 after purchasing an additional 356,368 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on PECO shares. Wall Street Zen downgraded Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Barclays lowered their price objective on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 27th. Finally, Mizuho reduced their price target on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating on the stock in a report on Thursday, July 17th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $38.33.

Phillips Edison & Company, Inc. Stock Performance

PECO traded up $0.34 during mid-day trading on Wednesday, reaching $35.46. 1,012,688 shares of the stock were exchanged, compared to its average volume of 875,075. Phillips Edison & Company, Inc. has a 1 year low of $32.40 and a 1 year high of $40.12. The company has a 50 day moving average price of $34.46 and a two-hundred day moving average price of $35.14. The stock has a market capitalization of $4.45 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 1.20 and a beta of 0.55.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.64 EPS for the quarter, topping 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 company had revenue of $173.47 million for the quarter, compared to analysts' expectations of $174.38 million. During the same period in the previous year, the business posted $0.59 EPS. The business's revenue for the quarter was up 10.1% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. Sell-side analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, November 4th. Stockholders 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 3.7%. The ex-dividend date is Wednesday, October 15th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is currently 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.