Intech Investment Management LLC Buys 12,970 Shares of Phillips Edison & Company, Inc. $PECO

Key Points

• Intech Investment Management LLC increased its holdings in Phillips Edison & Company, Inc. by 29.5% in the first quarter, bringing their total investment to $2.08 million.
• The company is expected to post an earnings per share of 2.55 for the current fiscal year, with FY 2025 guidance set at 0.610-0.640 EPS.
• Phillips Edison & Company recently announced a monthly dividend of $0.1083 per share, which represents an annualized yield of 3.7%.

Intech Investment Management LLC lifted its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 29.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,917 shares of the company's stock after purchasing an additional 12,970 shares during the period. Intech Investment Management LLC's holdings in Phillips Edison & Company, Inc. were worth $2,077,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp raised its position in Phillips Edison & Company, Inc. by 78.1% in the first quarter. Fifth Third Bancorp now owns 732 shares of the company's stock worth $27,000 after acquiring an additional 321 shares during the period. CX Institutional purchased a new position in Phillips Edison & Company, Inc. in the 1st quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB grew its stake in Phillips Edison & Company, Inc. by 79.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,360 shares of the company's stock worth $50,000 after buying an additional 602 shares in the last quarter. State of Wyoming purchased a new stake in shares of Phillips Edison & Company, Inc. in the 4th quarter valued at $54,000. Finally, Quarry LP boosted its stake in shares of Phillips Edison & Company, Inc. by 21,362.5% in the 1st quarter. Quarry LP now owns 1,717 shares of the company's stock valued at $63,000 after purchasing an additional 1,709 shares in the last quarter. Institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Trading Down 1.1%

Phillips Edison & Company, Inc. stock traded down $0.39 during mid-day trading on Friday, hitting $35.10. The company had a trading volume of 1,701,151 shares, compared to its average volume of 710,769. Phillips Edison & Company, Inc. has a 12-month low of $32.40 and a 12-month high of $40.12. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 63.82, a P/E/G ratio of 1.21 and a beta of 0.55. The company's fifty day moving average is $34.66 and its 200-day moving average is $35.09.

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 return on equity of 2.64% and a net margin of 9.91%.The firm had revenue of $173.47 million for the quarter, compared to analyst estimates of $174.38 million. During the same quarter last year, the firm posted $0.59 EPS. The business's revenue 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, sell-side analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, November 4th. Shareholders 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) dividend on an annualized basis and a dividend yield of 3.7%. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is 236.36%.

Analyst Upgrades and Downgrades

PECO has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of 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 on the stock. Barclays lowered their price objective on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 27th. Finally, Mizuho decreased their target price on shares of Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating on the stock in a research note on Thursday, July 17th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $38.83.

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.