Eisler Capital Management Ltd. Invests $8.41 Million in Phillips Edison & Company, Inc. $PECO

Key Points

• Eisler Capital Management Ltd. invested $8.41 million in Philips Edison & Company by acquiring 230,361 shares, representing approximately 0.18% of the company.
• Phillips Edison recently announced a monthly dividend of $0.1025 per share with a yield of 3.6%, and reported better-than-expected earnings with a net margin of 9.91%.
• Analysts have a consensus rating of "Hold" on Phillips Edison shares, with a target price set at $38.50, after some analysts downgraded their ratings recently.

Eisler Capital Management Ltd. purchased a new position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 230,361 shares of the company's stock, valued at approximately $8,410,000. Eisler Capital Management Ltd. owned approximately 0.18% of Phillips Edison & Company, Inc. as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Phillips Edison & Company, Inc. by 2.1% during 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. Charles Schwab Investment Management Inc. grew its stake in shares of Phillips Edison & Company, Inc. by 1.3% during the 1st 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 in the last quarter. Northern Trust Corp grew its stake in shares of Phillips Edison & Company, Inc. by 26.7% during the 4th quarter. Northern Trust Corp now owns 1,690,805 shares of the company's stock worth $63,338,000 after acquiring an additional 356,368 shares in the last quarter. 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. Finally, Nuveen LLC bought a new position in shares of Phillips Edison & Company, Inc. during the 1st quarter worth approximately $32,465,000. 80.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PECO shares. Wall Street Zen cut shares of Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Mizuho decreased 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 research note on Thursday, July 17th. Finally, Barclays started coverage on shares of Phillips Edison & Company, Inc. in a research note on Wednesday, July 2nd. They issued an "equal weight" rating and a $37.00 target price for the company. 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 stock presently has a consensus rating of "Hold" and a consensus target price of $38.50.

Phillips Edison & Company, Inc. Price Performance

Shares of PECO opened at $34.42 on Wednesday. The company's 50-day moving average is $34.51 and its 200-day moving average is $35.21. The firm has a market capitalization of $4.32 billion, a PE ratio of 62.58, a PEG ratio of 1.17 and a beta of 0.54. Phillips Edison & Company, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.64 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 revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 EPS. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. Analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Friday, August 15th will be issued a dividend of $0.1025 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a c) annualized dividend and a dividend yield of 3.6%. Phillips Edison & Company, Inc.'s payout ratio is presently 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.

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