Phillips Edison & Company, Inc. $PECO Shares Acquired by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its stake in Phillips Edison & Company, Inc. by 58.8% during the first quarter, owning 104,439 shares worth approximately $3.8 million following an additional purchase of 38,675 shares.
• Multiple institutional investors have altered their positions in Phillips Edison & Company, with 80.70% of the company currently owned by such entities.
• Analysts have set a consensus rating of "Moderate Buy" for the stock, with an average price target of $38.83, while some recent reports have suggested reducing price targets or rating changes.

Voya Investment Management LLC grew its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 58.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,439 shares of the company's stock after buying an additional 38,675 shares during the quarter. Voya Investment Management LLC owned about 0.08% of Phillips Edison & Company, Inc. worth $3,811,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp raised its position in Phillips Edison & Company, Inc. by 78.1% in 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 stake in Phillips Edison & Company, Inc. during the first quarter worth about $30,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Phillips Edison & Company, Inc. by 79.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,360 shares of the company's stock worth $50,000 after buying an additional 602 shares in the last quarter. State of Wyoming purchased a new stake in Phillips Edison & Company, Inc. during the fourth quarter worth about $54,000. Finally, Quarry LP lifted its position 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 valued at $63,000 after acquiring an additional 1,709 shares during the period. Hedge funds and other institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ PECO traded up $0.06 during midday trading on Tuesday, reaching $35.05. 62,755 shares of the company's stock were exchanged, compared to its average volume of 792,726. Phillips Edison & Company, Inc. has a 52-week low of $32.40 and a 52-week high of $40.12. The stock has a market capitalization of $4.40 billion, a PE ratio of 63.68, a price-to-earnings-growth ratio of 1.19 and a beta of 0.55. The business's fifty day moving average price is $34.66 and its two-hundred day moving average price is $35.07.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.63 by $0.01. The company had revenue of $173.47 million during the quarter, compared to analysts' expectations of $174.38 million. Phillips Edison & Company, Inc. had a return on equity of 2.64% and a net margin of 9.91%.The business's revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 EPS. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. Analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Mizuho dropped 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 note on Thursday, July 17th. Wall Street Zen lowered Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. LADENBURG THALM/SH SH began coverage on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, September 9th. They issued a "buy" rating and a $40.00 price objective on the stock. Finally, Barclays cut their target price on shares of 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. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $38.83.

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.