Invesco Ltd. Acquires 38,264 Shares of Phillips Edison & Company, Inc. $PECO

Key Points

• Invesco Ltd. increased its stake in Phillips Edison & Company, Inc. by 9.7%, now owning approximately 0.34% of the company, representing a value of about $15.76 million.
• Vanguard Group Inc. and Northern Trust Corp also raised their stakes, with Vanguard holding over 19.7 million shares worth approximately $719.59 million.
• The stock had a quarterly earnings report with an EPS of $0.64, beating expectations, while the company also declared a monthly dividend of $0.1025 per share, yielding an annualized rate of 3.5%.

Invesco Ltd. raised its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 9.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 431,885 shares of the company's stock after acquiring an additional 38,264 shares during the period. Invesco Ltd. owned approximately 0.34% of Phillips Edison & Company, Inc. worth $15,759,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Koss Olinger Consulting LLC acquired a new position in Phillips Edison & Company, Inc. in the first quarter valued at about $222,000. Townsquare Capital LLC boosted its stake in Phillips Edison & Company, Inc. by 3.6% during the 1st quarter. Townsquare Capital LLC now owns 8,610 shares of the company's stock worth $314,000 after acquiring an additional 303 shares during the last quarter. Citigroup Inc. boosted its stake in Phillips Edison & Company, Inc. by 12.7% during the 1st quarter. Citigroup Inc. now owns 218,095 shares of the company's stock worth $7,958,000 after acquiring an additional 24,572 shares during the last quarter. LaSalle St. Investment Advisors LLC raised its position in Phillips Edison & Company, Inc. by 13.0% in the 1st quarter. LaSalle St. Investment Advisors LLC now owns 8,577 shares of the company's stock valued at $312,000 after buying an additional 987 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Phillips Edison & Company, Inc. by 6.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 86,105 shares of the company's stock worth $3,142,000 after acquiring an additional 5,430 shares in the last quarter. Institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Trading Down 0.8%

Shares of PECO stock traded down $0.28 on Thursday, hitting $34.44. 43,900 shares of the stock were exchanged, compared to its average volume of 792,550. The firm has a market capitalization of $4.33 billion, a PE ratio of 62.62, a P/E/G ratio of 1.17 and a beta of 0.54. Phillips Edison & Company, Inc. has a one year low of $32.40 and a one year high of $40.12. The firm's 50 day moving average is $34.50 and its two-hundred day moving average is $35.20.

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, topping the consensus estimate 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 business had revenue of $173.47 million during the quarter, compared to the consensus estimate of $174.38 million. During the same quarter last year, the company earned $0.59 EPS. The firm's 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. On average, sell-side analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Friday, August 15th will be issued a dividend of $0.1025 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, August 15th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is currently 223.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wall Street Zen cut Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Barclays reduced their price objective on 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. Finally, Mizuho dropped their target price 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. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $38.33.

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.