Phillips Edison & Company, Inc. $PECO Shares Purchased by Geneos Wealth Management Inc.

Key Points

• Geneos Wealth Management Inc. significantly increased its stake in Phillips Edison & Company, growing it by 442.5% to own 77,612 shares valued at approximately $2.83 million as of the latest SEC filing.
• Wall Street analysts have mixed views on Phillips Edison & Company, with Barclays lowering its target price while LADENBURG THALM/SH SH initiated coverage with a "buy" rating and a target price of $40.
• Phillips Edison & Company recently reported a modest earnings beat with $0.64 EPS, and has announced a monthly dividend of $0.1083, representing a 3.6% yield.

Geneos Wealth Management Inc. grew its position in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 442.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,612 shares of the company's stock after acquiring an additional 63,306 shares during the quarter. Geneos Wealth Management Inc. owned approximately 0.06% of Phillips Edison & Company, Inc. worth $2,832,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC increased its stake in Phillips Edison & Company, Inc. by 29.5% during the first quarter. Intech Investment Management LLC now owns 56,917 shares of the company's stock valued at $2,077,000 after purchasing an additional 12,970 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Phillips Edison & Company, Inc. in the 1st quarter valued at about $297,000. Millennium Management LLC boosted its holdings in shares of Phillips Edison & Company, Inc. by 129.2% in the 1st quarter. Millennium Management LLC now owns 855,138 shares of the company's stock valued at $31,204,000 after buying an additional 482,057 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Phillips Edison & Company, Inc. by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,111 shares of the company's stock valued at $2,668,000 after buying an additional 3,199 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in Phillips Edison & Company, Inc. during the first quarter worth about $333,000. 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. Mizuho lowered their target price on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating for the company in a report on Thursday, July 17th. Barclays dropped their target price on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 27th. LADENBURG THALM/SH SH assumed coverage on shares of Phillips Edison & Company, Inc. in a report on Tuesday, September 9th. They set a "buy" rating and a $40.00 price target for the company. Finally, Wall Street Zen lowered shares of Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a research report on Saturday. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $38.83.

Phillips Edison & Company, Inc. Price Performance

Shares of PECO traded up $0.24 during trading hours on Wednesday, reaching $35.64. 85,868 shares of the company's stock traded hands, compared to its average volume of 791,564. Phillips Edison & Company, Inc. has a twelve month low of $32.40 and a twelve month high of $40.12. The business's fifty day simple moving average is $34.62 and its two-hundred day simple moving average is $35.12. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 64.91, a P/E/G ratio of 1.21 and a beta of 0.55.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $173.47 million during the quarter, compared to analyst estimates of $174.38 million. During the same quarter in the prior year, the firm posted $0.59 EPS. Phillips Edison & Company, Inc.'s revenue 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. On average, equities research analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, November 4th. Shareholders of record on Wednesday, October 15th will be given a $0.1083 dividend. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Wednesday, October 15th. Phillips Edison & Company, Inc.'s dividend payout ratio is 236.36%.

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.