Koshinski Asset Management Inc. Sells 18,175 Shares of Phillips Edison & Company, Inc. $PECO

Key Points

• Koshinski Asset Management Inc. reduced its stake in Phillips Edison & Company, Inc. by 31.9%, selling 18,175 shares during the 2nd quarter, bringing its total holdings to 38,809 shares worth approximately $1.36 million.
• Phillips Edison & Company reported $0.64 EPS, beating analysts' expectations by $0.01, despite a slight miss on revenue estimates with $173.47 million for the quarter.
• The company has declared a monthly dividend of $0.1083 per share, representing a 3.8% yield and a high dividend payout ratio of 236.36%.

Koshinski Asset Management Inc. cut its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 31.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,809 shares of the company's stock after selling 18,175 shares during the quarter. Koshinski Asset Management Inc.'s holdings in Phillips Edison & Company, Inc. were worth $1,359,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp grew its holdings in shares of Phillips Edison & Company, Inc. by 78.1% during the 1st quarter. Fifth Third Bancorp now owns 732 shares of the company's stock valued at $27,000 after purchasing an additional 321 shares during the last quarter. Quarry LP grew its stake in shares of Phillips Edison & Company, Inc. by 21,362.5% during the first quarter. Quarry LP now owns 1,717 shares of the company's stock valued at $63,000 after buying an additional 1,709 shares during the last quarter. FSC Wealth Advisors LLC purchased a new position in shares of Phillips Edison & Company, Inc. in the first quarter worth about $91,000. Rossby Financial LCC purchased a new position in shares of Phillips Edison & Company, Inc. in the first quarter worth about $105,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Phillips Edison & Company, Inc. by 20.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,995 shares of the company's stock valued at $109,000 after acquiring an additional 515 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Stock Up 1.4%

Shares of PECO stock opened at $34.51 on Friday. The stock has a fifty day moving average of $34.53 and a 200 day moving average of $34.86. Phillips Edison & Company, Inc. has a 52 week low of $32.40 and a 52 week high of $40.12. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 62.75, a PEG ratio of 1.18 and a beta of 0.54.

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 (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 business had revenue of $173.47 million for the quarter, compared to the consensus estimate of $174.38 million. During the same period in the previous year, the firm earned $0.59 EPS. The company's quarterly 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. Equities research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, November 4th. Shareholders of record on Wednesday, October 15th will be issued a $0.1083 dividend. The ex-dividend date is Wednesday, October 15th. This represents a c) annualized dividend and a yield of 3.8%. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is 236.36%.

Analysts Set New Price Targets

Several research firms recently issued reports on PECO. Barclays raised their price target on Phillips Edison & Company, Inc. from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Monday, October 6th. Wall Street Zen cut shares of Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Phillips Edison & Company, Inc. in a report on Wednesday, October 8th. 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 target for the company. Finally, UBS Group started coverage on shares of Phillips Edison & Company, Inc. in a research report on Friday. They issued a "neutral" rating and a $37.00 price objective on the stock. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $38.86.

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.

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