LDR Capital Management LLC Purchases Shares of 13,675 Phillips Edison & Company, Inc. $PECO

Key Points

• LDR Capital Management LLC has acquired 13,675 shares of Phillips Edison & Company, Inc. (NASDAQ:PECO), valued at approximately $479,000, making it the firm's 26th largest position.
• Phillips Edison reported a 0.64 EPS for the last quarter, exceeding analyst expectations, and marked a revenue increase of 10.1% year-over-year.
• The company announced a monthly dividend of $0.1083, set to be paid on November 4th, which results in an annualized yield of 3.9%.

LDR Capital Management LLC acquired a new position in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,675 shares of the company's stock, valued at approximately $479,000. Phillips Edison & Company, Inc. comprises 0.6% of LDR Capital Management LLC's portfolio, making the stock its 26th biggest position.

A number of other institutional investors also recently made changes to their positions in PECO. Fifth Third Bancorp lifted its stake in shares of Phillips Edison & Company, Inc. by 78.1% in the 1st quarter. Fifth Third Bancorp now owns 732 shares of the company's stock valued at $27,000 after acquiring an additional 321 shares during the last quarter. CX Institutional purchased a new position in shares of Phillips Edison & Company, Inc. in the first quarter worth $30,000. Quarry LP boosted its position in Phillips Edison & Company, Inc. by 21,362.5% during the 1st 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 period. FSC Wealth Advisors LLC purchased a new stake in Phillips Edison & Company, Inc. during the 1st quarter valued at $91,000. Finally, Rossby Financial LCC purchased a new position in shares of Phillips Edison & Company, Inc. in the first quarter valued at about $105,000. Hedge funds and other institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Stock Up 0.2%

Shares of NASDAQ PECO opened at $33.75 on Monday. The firm has a market cap of $4.24 billion, a P/E ratio of 61.36, a PEG ratio of 1.15 and a beta of 0.54. Phillips Edison & Company, Inc. has a twelve month low of $32.40 and a twelve month high of $40.12. The company has a 50 day moving average of $34.57 and a 200 day moving average of $35.02.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.63 by $0.01. The business had revenue of $173.47 million for the quarter, compared to the consensus estimate of $174.38 million. Phillips Edison & Company, Inc. had a return on equity of 2.64% and a net margin of 9.91%.The company's revenue was up 10.1% compared to the same quarter last year. During the same period last year, the business posted $0.59 EPS. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. As a group, equities analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, November 4th. Investors of record on Wednesday, October 15th will be issued a $0.1083 dividend. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, October 15th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is presently 236.36%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PECO. Mizuho cut their target price on 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. LADENBURG THALM/SH SH initiated coverage on Phillips Edison & Company, Inc. in a report on Tuesday, September 9th. They set a "buy" rating and a $40.00 target price for the company. 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 reissued a "hold (c+)" rating on shares of Phillips Edison & Company, Inc. in a research report on Saturday, September 27th. Finally, Barclays decreased their price objective on shares of 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. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" 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.

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