Phillips Edison & Company, Inc. (NASDAQ:PECO) Releases Earnings Results

Key Points

• Phillips Edison & Company, Inc. reported earnings of $0.65 per share for the quarter, exceeding analysts' expectations of $0.64.
• The company declared a monthly dividend of $0.1083 per share, resulting in an annualized yield of 3.8% and a high dividend payout ratio of 236.36%.
• Currently, the stock has a market cap of $4.32 billion and is rated as "Hold" by consensus with a target price of $38.86.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.01, Zacks reports. Phillips Edison & Company, Inc. had a net margin of 9.91% and a return on equity of 2.64%. Phillips Edison & Company, Inc. updated its FY 2025 guidance to 0.620-0.650 EPS.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO traded down $0.32 during mid-day trading on Thursday, hitting $34.42. 1,067,541 shares of the company were exchanged, compared to its average volume of 811,358. Phillips Edison & Company, Inc. has a 1-year low of $32.40 and a 1-year high of $40.12. The company has a 50 day moving average of $34.58 and a 200-day moving average of $34.85. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 62.58, a price-to-earnings-growth ratio of 1.18 and a beta of 0.54.

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 dividend of $0.1083 per share. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, October 15th. Phillips Edison & Company, Inc.'s dividend payout ratio is 236.36%.

Institutional Trading of Phillips Edison & Company, Inc.

Several large investors have recently bought and sold shares of the business. Lazard Asset Management LLC boosted its position in shares of Phillips Edison & Company, Inc. by 1.0% during the 2nd quarter. Lazard Asset Management LLC now owns 30,876 shares of the company's stock worth $1,081,000 after purchasing an additional 314 shares during the period. AQR Capital Management LLC boosted its position in shares of Phillips Edison & Company, Inc. by 8.2% during the 1st quarter. AQR Capital Management LLC now owns 11,091 shares of the company's stock worth $405,000 after purchasing an additional 845 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Phillips Edison & Company, Inc. by 49.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,604 shares of the company's stock worth $91,000 after purchasing an additional 865 shares during the period. State of Tennessee Department of Treasury boosted its position in shares of Phillips Edison & Company, Inc. by 2.1% during the 2nd quarter. State of Tennessee Department of Treasury now owns 54,189 shares of the company's stock worth $1,898,000 after purchasing an additional 1,122 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in shares of Phillips Edison & Company, Inc. by 3.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 44,244 shares of the company's stock worth $1,550,000 after purchasing an additional 1,572 shares during the period. Hedge funds and other institutional investors own 80.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PECO. Wall Street Zen downgraded shares of Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a research report on Saturday, September 13th. Mizuho decreased their price objective on shares of Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating for the company in a research report on Thursday, July 17th. UBS Group started coverage on shares of Phillips Edison & Company, Inc. in a research report on Friday, October 17th. They issued a "neutral" rating and a $37.00 price objective for the company. LADENBURG THALM/SH SH started coverage on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, September 9th. They set a "buy" rating and a $40.00 price target for the company. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Phillips Edison & Company, Inc. in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $38.86.

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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