18,827 Shares in Phillips Edison & Company, Inc. $PECO Purchased by Oliver Lagore Vanvalin Investment Group

Key Points

• Oliver Lagore Vanvalin Investment Group has acquired a new position in Phillips Edison & Company, Inc. valued at approximately $687,000, purchasing 18,827 shares of stock during the second quarter.
• Phillips Edison reported an earnings per share (EPS) of $0.64 for the last quarter, exceeding analysts' expectations of $0.63, with a net margin of 9.91% and a revenue increase of 10.1% year-over-year.
• The company announced a monthly dividend of $0.1083 to be paid on November 4th, with a current dividend yield of 3.7% and a payout ratio of 236.36%.

Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 18,827 shares of the company's stock, valued at approximately $687,000.

Other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Phillips Edison & Company, Inc. by 17.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 115,437 shares of the company's stock valued at $4,065,000 after purchasing an additional 17,359 shares during the period. Longboard Asset Management LP bought a new position in Phillips Edison & Company, Inc. during the second quarter worth about $317,000. Secure Asset Management LLC bought a new position in Phillips Edison & Company, Inc. during the 2nd quarter worth $201,000. Financiere des Professionnels Fonds d investissement inc. acquired a new position in Phillips Edison & Company, Inc. during the second quarter valued at approximately $179,000. Finally, RMR Wealth Builders increased its holdings in shares of Phillips Edison & Company, Inc. by 4.4% during the second quarter. RMR Wealth Builders now owns 49,840 shares of the company's stock worth $1,751,000 after buying an additional 2,113 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Trading Down 0.1%

PECO stock traded down $0.05 during trading on Tuesday, reaching $34.94. 175,993 shares of the stock were exchanged, compared to its average volume of 793,511. The business has a 50 day moving average price of $34.66 and a 200-day moving average price of $35.07. Phillips Edison & Company, Inc. has a 1 year low of $32.40 and a 1 year high of $40.12. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 63.55, a P/E/G ratio of 1.19 and a beta of 0.55.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.64 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $174.38 million. During the same quarter last year, the firm posted $0.59 earnings per share. The business'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. On average, research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

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 paid a $0.1083 dividend. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, October 15th. Phillips Edison & Company, Inc.'s dividend payout ratio is presently 236.36%.

Wall Street Analyst Weigh In

A number of brokerages have commented on PECO. Wall Street Zen cut shares of Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a research report on Saturday, September 13th. Barclays cut 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 report on Wednesday, August 27th. Mizuho cut their price objective on shares of 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. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, September 9th. They issued a "buy" rating and a $40.00 price target on the stock. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $38.83.

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.