Vanderbilt University Makes New Investment in Phillips Edison & Company, Inc. $PECO

Key Points

• Vanderbilt University has made a new investment in Phillips Edison & Company, Inc. by purchasing 8,819 shares worth approximately $309,000.
• Analysts have mixed opinions on the stock, with ratings ranging from "buy" to "sell," and a consensus rating of "Moderate Buy" along with an average target price of $38.83.
• Phillips Edison & Company, Inc. recently declared a monthly dividend of $0.1083, reflecting an annual yield of 3.9% and a high dividend payout ratio of 236.36%.

Vanderbilt University purchased a new position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,819 shares of the company's stock, valued at approximately $309,000.

Other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp raised its stake in shares of Phillips Edison & Company, Inc. by 78.1% during the first quarter. Fifth Third Bancorp now owns 732 shares of the company's stock worth $27,000 after acquiring an additional 321 shares in the last quarter. CX Institutional purchased a new position in Phillips Edison & Company, Inc. in the 1st quarter worth approximately $30,000. Quarry LP increased its stake in Phillips Edison & Company, Inc. by 21,362.5% in 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 period. FSC Wealth Advisors LLC purchased a new position in Phillips Edison & Company, Inc. in the 1st quarter worth approximately $91,000. Finally, Rossby Financial LCC purchased a new position in Phillips Edison & Company, Inc. in the 1st quarter worth approximately $105,000. 80.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Mizuho decreased their price target on 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. LADENBURG THALM/SH SH assumed coverage on Phillips Edison & Company, Inc. in a research note on Tuesday, September 9th. They set a "buy" rating and a $40.00 target price on the stock. Wall Street Zen cut Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. Finally, Barclays reduced their target price on 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. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Phillips Edison & Company, Inc. presently has a consensus rating of "Moderate Buy" and an average target price of $38.83.

Phillips Edison & Company, Inc. Stock Down 1.4%

NASDAQ:PECO opened at $33.67 on Friday. The business's 50-day simple moving average is $34.59 and its two-hundred day simple moving average is $35.03. The stock has a market cap of $4.23 billion, a PE ratio of 61.22, a P/E/G ratio of 1.16 and a beta of 0.54. Phillips Edison & Company, Inc. has a 52 week low of $32.40 and a 52 week high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted 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 return on equity of 2.64% and a net margin of 9.91%.The business had revenue of $173.47 million for the quarter, compared to analysts' expectations of $174.38 million. During the same period last year, the firm earned $0.59 earnings per share. The business's quarterly revenue was up 10.1% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. Sell-side analysts anticipate 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 declared a monthly dividend, which will be paid on Tuesday, November 4th. Investors of record on Wednesday, October 15th will be given a $0.1083 dividend. The ex-dividend date is Wednesday, October 15th. This represents a c) annualized dividend and a yield of 3.9%. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is currently 236.36%.

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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