Kestra Advisory Services LLC Sells 37,699 Shares of Phillips Edison & Company, Inc. $PECO

Key Points

• Kestra Advisory Services LLC reduced its holdings in Phillips Edison & Company, Inc. by 41.1%, selling 37,699 shares, leaving it with 54,010 shares valued at approximately $1.97 million.
• Phillips Edison reported a net income of $0.64 per share for the latest quarter, surpassing analyst expectations, while also announcing a $0.1025 monthly dividend with a yield of 3.5%.
• Recent analyst ratings show a downward trend, with two analysts giving it a Buy rating, four a Hold, and a downgrade from "hold" to "sell" by Wall Street Zen.

Kestra Advisory Services LLC lessened its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 41.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 54,010 shares of the company's stock after selling 37,699 shares during the period. Kestra Advisory Services LLC's holdings in Phillips Edison & Company, Inc. were worth $1,971,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Norinchukin Bank The increased its stake in Phillips Edison & Company, Inc. by 6.9% in the 1st quarter. Norinchukin Bank The now owns 5,785 shares of the company's stock worth $211,000 after buying an additional 372 shares in the last quarter. Martingale Asset Management L P increased its stake in Phillips Edison & Company, Inc. by 43.5% in the 1st quarter. Martingale Asset Management L P now owns 94,937 shares of the company's stock worth $3,464,000 after buying an additional 28,777 shares in the last quarter. Capital Fund Management S.A. purchased a new stake in Phillips Edison & Company, Inc. in the 1st quarter worth $583,000. EntryPoint Capital LLC purchased a new stake in Phillips Edison & Company, Inc. in the 1st quarter worth $230,000. Finally, Hsbc Holdings PLC increased its stake in Phillips Edison & Company, Inc. by 9.7% in the 1st quarter. Hsbc Holdings PLC now owns 115,370 shares of the company's stock worth $4,205,000 after buying an additional 10,188 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Trading Up 0.8%

Shares of NASDAQ:PECO traded up $0.28 during trading on Wednesday, reaching $35.40. The company's stock had a trading volume of 520,270 shares, compared to its average volume of 795,564. Phillips Edison & Company, Inc. has a 12 month low of $32.40 and a 12 month high of $40.12. The firm's 50 day simple moving average is $34.46 and its two-hundred day simple moving average is $35.14. The stock has a market capitalization of $4.45 billion, a PE ratio of 64.29, a price-to-earnings-growth ratio of 1.20 and a beta of 0.55.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $174.38 million. During the same quarter last year, the firm earned $0.59 EPS. The firm'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. Research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared 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 of this dividend is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is presently 223.64%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PECO. Wall Street Zen lowered Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Mizuho cut their price objective on 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. Finally, Barclays cut their price objective on 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. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Phillips Edison & Company, Inc. currently has a consensus rating of "Hold" and a consensus target price 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.