Oliver Lagore Vanvalin Investment Group Buys New Position in Phillips Edison & Company, Inc. $PECO

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 purchased a new position in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 18,827 shares of the company's stock, valued at approximately $687,000.

A number of other large investors have also added to or reduced their stakes in PECO. Fifth Third Bancorp boosted its stake 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 in the last quarter. CX Institutional bought a new stake in shares of Phillips Edison & Company, Inc. during the 1st quarter valued at about $30,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Phillips Edison & Company, Inc. by 79.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,360 shares of the company's stock valued at $50,000 after purchasing an additional 602 shares in the last quarter. State of Wyoming bought a new stake in shares of Phillips Edison & Company, Inc. during the 4th quarter valued at about $54,000. Finally, Quarry LP boosted its stake in shares of 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 purchasing an additional 1,709 shares in the last quarter. Institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO traded down $0.11 during mid-day trading on Monday, hitting $34.99. 619,542 shares of the company traded hands, compared to its average volume of 795,414. The stock has a 50-day moving average price of $34.66 and a two-hundred day moving average price of $35.08. Phillips Edison & Company, Inc. has a 1 year low of $32.40 and a 1 year high of $40.12. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 63.62, a P/E/G ratio of 1.19 and a beta of 0.55.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.64 earnings per share 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 firm had revenue of $173.47 million during the quarter, compared to analysts' expectations of $174.38 million. During the same period in the previous year, the company earned $0.59 earnings per share. The firm's quarterly 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. On average, analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, November 4th. Investors of record on Wednesday, October 15th will be given a dividend of $0.1083 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Wednesday, October 15th. Phillips Edison & Company, Inc.'s payout ratio is 236.36%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PECO. LADENBURG THALM/SH SH began coverage on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, September 9th. They set a "buy" rating and a $40.00 target price on the stock. Barclays lowered their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 27th. 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. Finally, Mizuho lowered their price target on shares of Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating for the company in a research report on Thursday, July 17th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. presently has an average rating of "Moderate Buy" and an average target price 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.