Phillips Edison & Company, Inc. $PECO Shares Sold by Aew Capital Management L P

Key Points

• Aew Capital Management L P has reduced its holdings in Phillips Edison & Company, Inc. by 8.5% during the first quarter, now owning approximately $20.98 million worth of stock.
• Vanguard Group Inc. and Charles Schwab Investment Management Inc. have increased their stakes in Phillips Edison & Company, Inc., indicating ongoing interest among institutional investors.
• Phillips Edison & Company recently announced a monthly dividend of $0.1025 per share, with an ex-dividend date set for August 15th.

Aew Capital Management L P trimmed its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 8.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 574,819 shares of the company's stock after selling 53,070 shares during the quarter. Phillips Edison & Company, Inc. accounts for approximately 1.0% of Aew Capital Management L P's portfolio, making the stock its 26th biggest position. Aew Capital Management L P owned about 0.46% of Phillips Edison & Company, Inc. worth $20,975,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp increased its position 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 worth $27,000 after purchasing an additional 321 shares during the last quarter. CX Institutional acquired a new stake in shares of Phillips Edison & Company, Inc. during the 1st quarter worth about $30,000. MassMutual Private Wealth & Trust FSB increased its position 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 worth $50,000 after purchasing an additional 602 shares during the last quarter. State of Wyoming acquired a new stake in shares of Phillips Edison & Company, Inc. during the 4th quarter worth about $54,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Phillips Edison & Company, Inc. during the 4th quarter worth about $68,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wall Street Zen downgraded Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Mizuho lowered their target price on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating for the company in a report on Thursday, July 17th. Finally, Barclays lowered their target price on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a report on Wednesday. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Phillips Edison & Company, Inc. presently has an average rating of "Hold" and an average target price of $38.33.

Phillips Edison & Company, Inc. Price Performance

Shares of PECO stock traded down $0.16 during trading hours on Thursday, reaching $34.56. 331,385 shares of the stock were exchanged, compared to its average volume of 794,264. The business's fifty day moving average is $34.50 and its two-hundred day moving average is $35.20. The firm has a market capitalization of $4.34 billion, a P/E ratio of 62.81, a P/E/G ratio of 1.17 and a beta of 0.54. Phillips Edison & Company, Inc. has a 12-month low of $32.40 and a 12-month high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its earnings results 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. The firm had revenue of $173.47 million for 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%. The firm's revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $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 research analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

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

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.