Phillips Edison & Company, Inc. $PECO Stock Holdings Lowered 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 reduced its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 8.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 574,819 shares of the company's stock after selling 53,070 shares during the quarter. Phillips Edison & Company, Inc. accounts for 1.0% of Aew Capital Management L P's holdings, 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.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Phillips Edison & Company, Inc. by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 19,720,204 shares of the company's stock worth $719,590,000 after purchasing an additional 397,862 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Phillips Edison & Company, Inc. by 1.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,174,051 shares of the company's stock worth $79,331,000 after purchasing an additional 28,534 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Phillips Edison & Company, Inc. by 26.7% in the 4th quarter. Northern Trust Corp now owns 1,690,805 shares of the company's stock worth $63,338,000 after purchasing an additional 356,368 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Phillips Edison & Company, Inc. by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,396,937 shares of the company's stock worth $52,328,000 after purchasing an additional 59,059 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Phillips Edison & Company, Inc. in the 1st quarter worth approximately $32,465,000. 80.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PECO has been the topic of a number of research reports. 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 report on Thursday, July 17th. Wall Street Zen downgraded shares of Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Finally, Barclays began coverage on shares of Phillips Edison & Company, Inc. in a research report on Wednesday, July 2nd. They issued an "equal weight" rating and a $37.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. currently has a consensus rating of "Hold" and an average target price of $38.50.

Phillips Edison & Company, Inc. Price Performance

Phillips Edison & Company, Inc. stock opened at $34.85 on Friday. The firm's 50 day simple moving average is $34.54 and its 200-day simple moving average is $35.25. The company has a market cap of $4.38 billion, a P/E ratio of 63.36, a price-to-earnings-growth ratio of 1.15 and a beta of 0.54. 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 released its earnings results 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 for 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 firm's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. On average, analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Friday, August 15th will be given a dividend of $0.1025 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a c) dividend on an annualized basis and a yield of 3.5%. Phillips Edison & Company, Inc.'s payout ratio is presently 223.64%.

Phillips Edison & Company, Inc. Company 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.

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