Amundi Sells 7,700 Shares of Phillips Edison & Company, Inc. $PECO

Amundi lowered its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 5.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,018 shares of the company’s stock after selling 7,700 shares during the period. Amundi owned about 0.10% of Phillips Edison & Company, Inc. worth $4,400,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Townsquare Capital LLC grew its position in Phillips Edison & Company, Inc. by 3.6% in the first quarter. Townsquare Capital LLC now owns 8,610 shares of the company’s stock valued at $314,000 after purchasing an additional 303 shares in the last quarter. Fifth Third Bancorp lifted its stake in Phillips Edison & Company, Inc. by 78.1% in the first quarter. Fifth Third Bancorp now owns 732 shares of the company’s stock valued at $27,000 after acquiring an additional 321 shares during the last quarter. Norinchukin Bank The lifted its stake in Phillips Edison & Company, Inc. by 6.9% in the first quarter. Norinchukin Bank The now owns 5,785 shares of the company’s stock valued at $211,000 after acquiring an additional 372 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Phillips Edison & Company, Inc. by 0.3% in the first quarter. State of Alaska Department of Revenue now owns 128,895 shares of the company’s stock valued at $4,701,000 after acquiring an additional 430 shares during the last quarter. Finally, Xponance Inc. lifted its stake in Phillips Edison & Company, Inc. by 5.3% in the first quarter. Xponance Inc. now owns 9,276 shares of the company’s stock valued at $338,000 after acquiring an additional 467 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Down 0.1%

Shares of Phillips Edison & Company, Inc. stock opened at $35.55 on Thursday. Phillips Edison & Company, Inc. has a twelve month low of $32.40 and a twelve month high of $40.12. The company has a 50-day simple moving average of $34.56 and a two-hundred day simple moving average of $35.14. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 64.64, a price-to-earnings-growth ratio of 1.21 and a beta of 0.55.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01. Phillips Edison & Company, Inc. had a net margin of 9.91% and a return on equity of 2.64%. The business had revenue of $173.47 million during the quarter, compared to analysts’ expectations of $174.38 million. During the same quarter in the previous year, the company earned $0.59 EPS. The business’s 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. 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. Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, November 4th. Shareholders of record on Wednesday, October 15th will be issued a $0.1083 dividend. 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 dividend payout ratio (DPR) is currently 223.64%.

Analyst Upgrades and Downgrades

A number of analysts have commented on PECO shares. Wall Street Zen upgraded shares of Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Mizuho cut their price target on shares of 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 started coverage on shares of Phillips Edison & Company, Inc. in a research note on Tuesday. They issued a “buy” rating and a $40.00 price target for the company. Finally, Barclays cut their price target 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 note on Wednesday, August 27th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $38.83.

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.