Jacobs Levy Equity Management Inc. Sells 22,807 Shares of Phillips Edison & Company, Inc. $PECO

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in Phillips Edison & Company, Inc. by 12.5%, selling 22,807 shares during the first quarter, leaving them with 159,049 shares worth approximately $5.8 million.
• Phillips Edison & Company, Inc. reported a quarterly EPS of $0.64, slightly beating analysts' expectations, and a 10.1% increase in revenue compared to the same quarter last year.
• The company announced a monthly dividend of $0.1083 per share, reflecting an annualized yield of 3.6%, with the ex-dividend date set for October 15th.

Jacobs Levy Equity Management Inc. cut its position in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 12.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 159,049 shares of the company's stock after selling 22,807 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.13% of Phillips Edison & Company, Inc. worth $5,804,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp raised its position in shares of Phillips Edison & Company, Inc. by 78.1% during 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 last quarter. CX Institutional bought a new position in shares of Phillips Edison & Company, Inc. during the first quarter worth about $30,000. MassMutual Private Wealth & Trust FSB raised its position in shares of 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 acquiring an additional 602 shares during the last quarter. State of Wyoming bought a new position in shares of Phillips Edison & Company, Inc. during the fourth quarter worth about $54,000. Finally, Quarry LP increased its holdings in Phillips Edison & Company, Inc. by 21,362.5% in 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 in the last quarter. 80.70% of the stock is currently owned by institutional investors.

Phillips Edison & Company, Inc. Stock Performance

Shares of Phillips Edison & Company, Inc. stock opened at $35.75 on Tuesday. Phillips Edison & Company, Inc. has a 52 week low of $32.40 and a 52 week high of $40.12. The stock has a 50 day moving average price of $34.54 and a two-hundred day moving average price of $35.14. The stock has a market capitalization of $4.49 billion, a PE ratio of 65.00, a price-to-earnings-growth ratio of 1.23 and a beta of 0.55.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.64 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 during the quarter, compared to analysts' expectations of $174.38 million. During the same quarter last year, the firm posted $0.59 earnings per share. The company's revenue for the quarter 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. Research analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently disclosed 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. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, October 15th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is 223.64%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PECO shares. Barclays lowered their target price 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. 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. Finally, Wall Street Zen upgraded Phillips Edison & Company, Inc. from a "sell" rating to a "hold" rating in a report on Friday. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Phillips Edison & Company, Inc. currently has a consensus rating of "Hold" and a consensus price target of $38.33.

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.

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