Alyeska Investment Group L.P. Has $73.47 Million Holdings in Phillips Edison & Company, Inc. $PECO

Key Points

• Alyeska Investment Group L.P. has increased its holdings in Phillips Edison & Company, Inc. by 42.1% during the first quarter, acquiring a total of 2,013,308 shares valued at approximately $73.5 million.
• Phillips Edison & Company, Inc. has reported a quarterly EPS of $0.64, beating estimates, but with revenues of $173.47 million slightly missing analysts' expectations.
• The company announced a new monthly dividend of $0.1083, resulting in a yield of 3.7%, with the ex-dividend date set for October 15th.

Alyeska Investment Group L.P. grew its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 42.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,013,308 shares of the company's stock after buying an additional 596,123 shares during the quarter. Alyeska Investment Group L.P. owned 1.61% of Phillips Edison & Company, Inc. worth $73,466,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Nuveen LLC purchased a new position in Phillips Edison & Company, Inc. during the 1st quarter valued at about $32,465,000. Vanguard Group Inc. increased its holdings in Phillips Edison & Company, Inc. by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 19,720,204 shares of the company's stock valued at $719,590,000 after acquiring an additional 397,862 shares in the last quarter. Northern Trust Corp increased its holdings in Phillips Edison & Company, Inc. by 26.7% during the 4th quarter. Northern Trust Corp now owns 1,690,805 shares of the company's stock valued at $63,338,000 after acquiring an additional 356,368 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in Phillips Edison & Company, Inc. by 54.9% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 915,000 shares of the company's stock valued at $33,388,000 after acquiring an additional 324,139 shares in the last quarter. Finally, Eisler Capital Management Ltd. purchased a new position in Phillips Edison & Company, Inc. during the 1st quarter valued at about $8,410,000. Hedge funds and other institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Trading Up 0.3%

PECO stock traded up $0.12 during trading on Friday, hitting $36.15. The company had a trading volume of 550,677 shares, compared to its average volume of 822,440. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 65.73, a P/E/G ratio of 1.23 and a beta of 0.55. The business has a 50 day moving average of $34.53 and a 200 day moving average of $35.13. Phillips Edison & Company, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $40.12.

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

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 4th. Shareholders of record on Wednesday, October 15th will be given a $0.1083 dividend. The ex-dividend date is Wednesday, October 15th. This represents a c) annualized dividend and a yield of 3.6%. Phillips Edison & Company, Inc.'s payout ratio is 223.64%.

Analyst Upgrades and Downgrades

PECO has been the topic of several analyst reports. Wall Street Zen raised shares of Phillips Edison & Company, Inc. from a "sell" rating to a "hold" rating in a research note on Friday. Barclays reduced their price target 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. Finally, Mizuho dropped 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 note on Thursday, July 17th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $38.33.

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.