Deutsche Bank AG Has $12.76 Million Stock Position in Phillips Edison & Company, Inc. $PECO

Key Points

• Deutsche Bank AG reduced its stake in Phillips Edison & Company, Inc. by 2.8%, holding approximately $12.76 million worth of stock after selling 10,019 shares in Q1.
• A variety of institutional investors increased their ownership in Phillips Edison, with Vanguard Group Inc. raising its holdings by 2.1% and Geneos Wealth Management Inc. boosting its stake by 490.5% during the same period.
• The company recently declared a monthly dividend of $0.1025 per share, effective September 3rd, indicating a dividend yield of 3.6% and a payout ratio of 223.64%.

Deutsche Bank AG cut its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 349,769 shares of the company's stock after selling 10,019 shares during the period. Deutsche Bank AG owned approximately 0.28% of Phillips Edison & Company, Inc. worth $12,763,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PECO. 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 valued at $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 valued at approximately $30,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Phillips Edison & Company, Inc. by 79.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,360 shares of the company's stock valued at $50,000 after acquiring an additional 602 shares during the period. State of Wyoming acquired a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter valued at approximately $54,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter valued at approximately $68,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Mizuho cut their price target on shares of 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. Barclays initiated coverage on Phillips Edison & Company, Inc. in a research report on Wednesday, July 2nd. They issued an "equal weight" rating and a $37.00 target price on the stock. Finally, Wall Street Zen lowered Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Two equities research 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.com, Phillips Edison & Company, Inc. presently has a consensus rating of "Hold" and an average price target of $38.50.

Phillips Edison & Company, Inc. Stock Performance

Shares of Phillips Edison & Company, Inc. stock traded up $0.3050 during midday trading on Tuesday, reaching $34.1050. 139,762 shares of the company's stock traded hands, compared to its average volume of 792,412. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 62.07, a price-to-earnings-growth ratio of 1.15 and a beta of 0.54. The company's 50 day simple moving average is $34.66 and its 200 day simple moving average is $35.30. Phillips Edison & Company, Inc. has a 52 week low of $32.40 and a 52 week high of $40.12.

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

Phillips Edison & Company, Inc. Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Friday, August 15th will be given a $0.1025 dividend. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, August 15th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is currently 223.64%.

Phillips Edison & Company, Inc. Company 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.