Phillips Edison & Company, Inc. $PECO Shares Sold by Ameritas Advisory Services LLC

Key Points

• Ameritas Advisory Services LLC reduced its shares in Phillips Edison & Company, Inc. by 39.1%, now holding 53,316 shares valued at approximately $1.87 million.
• Phillips Edison reported a 10.1% increase in revenue year-over-year, with earnings per share of $0.64, exceeding analysts' expectations.
• The company recently announced a monthly dividend of $0.1083, with a dividend yield of 3.9% and a significant payout ratio of 236.36%.

Ameritas Advisory Services LLC reduced its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 39.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,316 shares of the company's stock after selling 34,213 shares during the quarter. Ameritas Advisory Services LLC's holdings in Phillips Edison & Company, Inc. were worth $1,868,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its stake in 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 during the period. CX Institutional acquired a new stake in Phillips Edison & Company, Inc. during the 1st quarter valued at $30,000. Quarry LP raised its stake 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 purchasing an additional 1,709 shares during the period. FSC Wealth Advisors LLC acquired a new stake in Phillips Edison & Company, Inc. during the 1st quarter valued at $91,000. Finally, Rossby Financial LCC acquired a new stake in Phillips Edison & Company, Inc. during the 1st quarter valued at $105,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Trading Up 0.2%

Shares of NASDAQ:PECO opened at $33.75 on Friday. The stock has a market capitalization of $4.24 billion, a PE ratio of 61.36, a P/E/G ratio of 1.15 and a beta of 0.54. Phillips Edison & Company, Inc. has a 1 year low of $32.40 and a 1 year high of $40.12. The firm has a fifty day moving average price of $34.57 and a 200 day moving average price of $35.02.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.01. The firm had revenue of $173.47 million during the quarter, compared to analysts' expectations of $174.38 million. Phillips Edison & Company, Inc. had a net margin of 9.91% and a return on equity of 2.64%. Phillips Edison & Company, Inc.'s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period 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. On average, sell-side analysts forecast 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. The ex-dividend date is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 3.9%. Phillips Edison & Company, Inc.'s dividend payout ratio is currently 236.36%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. Mizuho dropped their price target 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. Barclays dropped 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 note on Wednesday, August 27th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Phillips Edison & Company, Inc. in a research note on Saturday, September 27th. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, September 9th. They issued a "buy" rating and a $40.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" 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.

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