United Services Automobile Association Takes Position in Phillips Edison & Company, Inc. $PECO

Key Points

• United Services Automobile Association made a new $297,000 investment by acquiring 8,255 shares of Phillips Edison & Company, Inc. (PECO) in the first quarter, according to a recent SEC filing.
• Various large institutional investors increased their stakes in PECO, with Millennium Management LLC boosting its position by 129.2%, now owning over $31 million in shares.
• Phillips Edison recently announced a monthly dividend of $0.1083, which translates to an annual yield of 3.7%, with a payout ratio of 223.64%.

United Services Automobile Association bought a new stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,255 shares of the company's stock, valued at approximately $297,000.

Other large investors have also recently modified their holdings of the company. Fifth Third Bancorp lifted its holdings in shares of Phillips Edison & Company, Inc. by 78.1% in the 1st quarter. Fifth Third Bancorp now owns 732 shares of the company's stock worth $27,000 after buying an additional 321 shares during the period. CX Institutional purchased a new stake in shares of Phillips Edison & Company, Inc. during the 1st quarter worth $30,000. MassMutual Private Wealth & Trust FSB lifted its stake 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 purchased a new stake in shares of Phillips Edison & Company, Inc. during the 4th quarter worth $54,000. Finally, Quarry LP lifted its stake in shares of Phillips Edison & Company, Inc. by 21,362.5% during the 1st quarter. Quarry LP now owns 1,717 shares of the company's stock worth $63,000 after purchasing an additional 1,709 shares during the last quarter. Institutional investors own 80.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PECO shares. Mizuho decreased their price target on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating for the company in a research note on Thursday, July 17th. LADENBURG THALM/SH SH began coverage on Phillips Edison & Company, Inc. in a report on Tuesday, September 9th. They issued a "buy" rating and a $40.00 price objective on the stock. Barclays lowered their price target on 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, Wall Street Zen downgraded Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a research report on Saturday, September 13th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.83.

Phillips Edison & Company, Inc. Stock Up 0.6%

Shares of NASDAQ PECO traded up $0.21 during midday trading on Thursday, hitting $35.32. The stock had a trading volume of 93,287 shares, compared to its average volume of 790,347. Phillips Edison & Company, Inc. has a 1 year low of $32.40 and a 1 year high of $40.12. The company has a market capitalization of $4.44 billion, a PE ratio of 64.17, a P/E/G ratio of 1.20 and a beta of 0.55. The stock has a 50 day simple moving average of $34.63 and a 200-day simple moving average of $35.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.01. The firm had revenue of $173.47 million for the quarter, compared to the consensus estimate of $174.38 million. Phillips Edison & Company, Inc. had a return on equity of 2.64% and a net margin of 9.91%.The firm's revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business 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, analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, November 4th. Investors of record on Wednesday, October 15th will be paid a dividend of $0.1083 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, October 15th. Phillips Edison & Company, Inc.'s payout ratio is presently 236.36%.

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.