Financial Partners Group Inc Has $328,000 Stake in Phillips Edison & Company, Inc. $PECO

Key Points

• Financial Partners Group Inc reduced its stake in Phillips Edison & Company, Inc. by 61.9%, holding 9,355 shares worth $328,000 as of the end of Q2.
• The company recently reported $0.64 earnings per share, exceeding analyst expectations, but fell short on revenue with $173.47 million against a $174.38 million projection.
• Phillips Edison & Company, Inc. has declared a monthly dividend of $0.1083 to be paid on November 4th, with an annualized yield of 3.7%.

Financial Partners Group Inc decreased its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 61.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,355 shares of the company's stock after selling 15,189 shares during the period. Financial Partners Group Inc's holdings in Phillips Edison & Company, Inc. were worth $328,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Fifth Third Bancorp grew its holdings in shares of Phillips Edison & Company, Inc. by 78.1% in the 1st quarter. Fifth Third Bancorp now owns 732 shares of the company's stock valued at $27,000 after acquiring an additional 321 shares in the last quarter. CX Institutional bought a new position in Phillips Edison & Company, Inc. during the first quarter worth about $30,000. MassMutual Private Wealth & Trust FSB grew its holdings in 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 worth $50,000 after purchasing an additional 602 shares during the period. State of Wyoming bought a new position in Phillips Edison & Company, Inc. during the fourth quarter worth about $54,000. Finally, Quarry LP grew its holdings in Phillips Edison & Company, Inc. by 21,362.5% during the first quarter. Quarry LP now owns 1,717 shares of the company's stock worth $63,000 after purchasing an additional 1,709 shares during the period. Institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Stock Down 0.3%

Shares of Phillips Edison & Company, Inc. stock opened at $34.99 on Tuesday. Phillips Edison & Company, Inc. has a twelve month low of $32.40 and a twelve month high of $40.12. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 63.62, a P/E/G ratio of 1.19 and a beta of 0.55. The company's fifty day moving average is $34.66 and its 200 day moving average is $35.07.

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 for the quarter, topping the consensus estimate of $0.63 by $0.01. Phillips Edison & Company, Inc. had a net margin of 9.91% and a return on equity of 2.64%. The company had revenue of $173.47 million for the quarter, compared to analysts' expectations of $174.38 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Phillips Edison & Company, Inc.'s revenue for the quarter was up 10.1% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. As a group, equities analysts anticipate 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 disclosed a monthly dividend, which will be paid on Tuesday, November 4th. Investors of record on Wednesday, October 15th will be paid a $0.1083 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 3.7%. Phillips Edison & Company, Inc.'s payout ratio is currently 236.36%.

Wall Street Analyst Weigh In

A number of research firms recently commented on PECO. Barclays reduced their price target on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. Wall Street Zen cut Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. LADENBURG THALM/SH SH began coverage on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, September 9th. They set a "buy" rating and a $40.00 price objective for the company. Finally, Mizuho cut their price objective on shares of Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating for the company in a research report on Thursday, July 17th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $38.83.

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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