Capital Fund Management S.A. Acquires New Stake in Phillips Edison & Company, Inc. $PECO

Key Points

• Capital Fund Management S.A. has acquired a new stake in Phillips Edison & Company, purchasing 15,965 shares valued at approximately $583,000 in the first quarter.
• Phillips Edison recently reported $0.64 EPS for the quarter, exceeding analysts' expectations, but its revenue of $173.47 million was slightly below consensus estimates.
• The company plans to pay a monthly dividend of $0.1025 per share, scheduled for September 3rd, reflecting an annualized yield of 3.6% despite a high dividend payout ratio of 223.64%.

Capital Fund Management S.A. bought a new position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 15,965 shares of the company's stock, valued at approximately $583,000.

A number of other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp lifted its stake in Phillips Edison & Company, Inc. by 78.1% during the first quarter. Fifth Third Bancorp now owns 732 shares of the company's stock worth $27,000 after purchasing an additional 321 shares during the last quarter. CX Institutional acquired a new stake in shares of Phillips Edison & Company, Inc. during the first quarter worth $30,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Phillips Edison & Company, Inc. by 79.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,360 shares of the company's stock worth $50,000 after buying an additional 602 shares during the last quarter. State of Wyoming bought a new position in shares of Phillips Edison & Company, Inc. in the 4th quarter worth about $54,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Phillips Edison & Company, Inc. in the 4th quarter valued at about $68,000. 80.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Mizuho dropped their price objective 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 Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Barclays cut their price target on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $38.33.

Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ:PECO traded up $0.33 during trading hours on Friday, hitting $35.19. The stock had a trading volume of 704,286 shares, compared to its average volume of 983,079. The stock's fifty day simple moving average is $34.49 and its 200 day simple moving average is $35.18. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 63.98, a PEG ratio of 1.19 and a beta of 0.54. Phillips Edison & Company, Inc. has a 1-year low of $32.40 and a 1-year high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.64 earnings per share (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 business had revenue of $173.47 million during the quarter, compared to analyst estimates of $174.38 million. During the same period in the prior year, the company 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. As a group, research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

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

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.