Hsbc Holdings PLC Buys 10,188 Shares of Phillips Edison & Company, Inc. $PECO

Key Points

• Hsbc Holdings PLC has increased its stake in Phillips Edison & Company, acquiring an additional 10,188 shares in the first quarter, bringing its total ownership to approximately 0.09% of the company valued at $4.2 million.
• The company recently reported a quarterly earnings per share (EPS) of $0.64, exceeding analysts' estimates, with year-over-year revenue growth of 10.1%.
• Phillips Edison & Company announced a monthly dividend of $0.1025, reflecting an annual yield of 3.6%, with a payout ratio currently at 223.64%.

Hsbc Holdings PLC grew its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 9.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,370 shares of the company's stock after acquiring an additional 10,188 shares during the quarter. Hsbc Holdings PLC owned about 0.09% of Phillips Edison & Company, Inc. worth $4,205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of PECO. First Trust Advisors LP boosted its position in shares of Phillips Edison & Company, Inc. by 8.8% during the fourth quarter. First Trust Advisors LP now owns 89,668 shares of the company's stock valued at $3,359,000 after buying an additional 7,271 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Phillips Edison & Company, Inc. by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,396,937 shares of the company's stock valued at $52,328,000 after buying an additional 59,059 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Phillips Edison & Company, Inc. by 11.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 79,799 shares of the company's stock valued at $2,990,000 after buying an additional 8,065 shares during the last quarter. Voya Investment Management LLC boosted its position in shares of Phillips Edison & Company, Inc. by 54.0% during the fourth quarter. Voya Investment Management LLC now owns 65,764 shares of the company's stock valued at $2,464,000 after buying an additional 23,049 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Phillips Edison & Company, Inc. during the fourth quarter valued at approximately $2,921,000. Institutional investors own 80.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Mizuho cut their price objective on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating on the stock in a research report on Thursday, July 17th. Barclays dropped 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 research report on Wednesday. Finally, Wall Street Zen lowered Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $38.33.

Phillips Edison & Company, Inc. Stock Up 0.4%

Shares of NASDAQ:PECO traded up $0.15 during trading on Thursday, hitting $34.86. The stock had a trading volume of 844,040 shares, compared to its average volume of 994,774. The firm's fifty day moving average is $34.49 and its 200 day moving average is $35.19. The company has a market capitalization of $4.38 billion, a PE ratio of 63.38, a PEG ratio of 1.18 and a beta of 0.54. Phillips Edison & Company, Inc. has a 12 month low of $32.40 and a 12 month high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $173.47 million during the quarter, compared to analysts' expectations of $174.38 million. Phillips Edison & Company, Inc. had a return on equity of 2.64% and a net margin of 9.91%.The firm's quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 earnings per share. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. Equities research analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th will be given 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 payout ratio is presently 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.