Wealth Enhancement Advisory Services LLC Has $4.07 Million Position in Phillips Edison & Company, Inc. $PECO

Key Points

• Wealth Enhancement Advisory Services LLC increased its investment in Phillips Edison & Company, Inc. by 17.7% to a total value of $4.07 million during the second quarter.
• The stock has received mixed ratings from analysts, with three rating it as a Buy and three as Hold, while a recent note downgraded it to Sell.
• Phillips Edison & Company, Inc. declared a monthly dividend of $0.1083, representing an annualized yield of 3.8%, with an upcoming payment date of November 4th.

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 17.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 115,437 shares of the company's stock after buying an additional 17,359 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.09% of Phillips Edison & Company, Inc. worth $4,065,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Nuveen LLC bought a new position in shares of Phillips Edison & Company, Inc. in the first quarter valued at $32,465,000. Alyeska Investment Group L.P. raised its position in Phillips Edison & Company, Inc. by 42.1% during the first quarter. Alyeska Investment Group L.P. now owns 2,013,308 shares of the company's stock worth $73,466,000 after acquiring an additional 596,123 shares in the last quarter. Millennium Management LLC lifted its stake in Phillips Edison & Company, Inc. by 129.2% in the first quarter. Millennium Management LLC now owns 855,138 shares of the company's stock valued at $31,204,000 after acquiring an additional 482,057 shares during the last quarter. 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 valued at $719,590,000 after purchasing an additional 397,862 shares during the period. Finally, Adage Capital Partners GP L.L.C. grew its holdings in Phillips Edison & Company, Inc. by 54.9% during the first quarter. Adage Capital Partners GP L.L.C. now owns 915,000 shares of the company's stock worth $33,388,000 after purchasing an additional 324,139 shares during the period. 80.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on PECO shares. Wall Street Zen lowered Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. Mizuho dropped their price objective on shares of Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating on the stock in a research report on Thursday, July 17th. LADENBURG THALM/SH SH assumed coverage on shares of Phillips Edison & Company, Inc. in a report on Tuesday, September 9th. They set a "buy" rating and a $40.00 target price for the company. Finally, Barclays lowered their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 27th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $38.83.

Phillips Edison & Company, Inc. Price Performance

Shares of Phillips Edison & Company, Inc. stock opened at $34.26 on Friday. The company has a 50-day simple moving average of $34.65 and a two-hundred day simple moving average of $35.05. Phillips Edison & Company, Inc. has a twelve month low of $32.40 and a twelve month high of $40.12. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 62.29, a price-to-earnings-growth ratio of 1.17 and a beta of 0.55.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.01. The company had revenue of $173.47 million during 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 earnings per share. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. On average, 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. Announces Dividend

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 paid a $0.1083 dividend. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, October 15th. Phillips Edison & Company, Inc.'s payout ratio is 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.

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