GAMMA Investing LLC Boosts Position in Phillips Edison & Company, Inc. $PECO

GAMMA Investing LLC boosted its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 51.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,713 shares of the company’s stock after buying an additional 1,611 shares during the quarter. GAMMA Investing LLC’s holdings in Phillips Edison & Company, Inc. were worth $165,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Townsquare Capital LLC increased its holdings in shares of Phillips Edison & Company, Inc. by 3.6% during the 1st 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 increased its holdings in shares of Phillips Edison & Company, Inc. by 78.1% during the 1st quarter. Fifth Third Bancorp now owns 732 shares of the company’s stock valued at $27,000 after purchasing an additional 321 shares in the last quarter. Norinchukin Bank The increased its holdings in shares of Phillips Edison & Company, Inc. by 6.9% during the 1st quarter. Norinchukin Bank The now owns 5,785 shares of the company’s stock valued at $211,000 after purchasing an additional 372 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Phillips Edison & Company, Inc. by 0.3% during the 1st quarter. State of Alaska Department of Revenue now owns 128,895 shares of the company’s stock valued at $4,701,000 after purchasing an additional 430 shares in the last quarter. Finally, A&I Financial Services LLC increased its holdings in shares of Phillips Edison & Company, Inc. by 3.9% during the 2nd quarter. A&I Financial Services LLC now owns 11,419 shares of the company’s stock valued at $400,000 after purchasing an additional 433 shares in the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Stock Down 0.8%

Shares of PECO opened at $34.22 on Tuesday. Phillips Edison & Company, Inc. has a 52-week low of $32.40 and a 52-week high of $40.12. The firm’s fifty day moving average is $34.63 and its two-hundred day moving average is $35.05. The stock has a market cap of $4.30 billion, a PE ratio of 62.22, a price-to-earnings-growth ratio of 1.18 and a beta of 0.55.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its earnings results on Thursday, July 24th. The company reported $0.64 earnings per share (EPS) 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 company had revenue of $173.47 million for the quarter, compared to analysts’ expectations of $174.38 million. During the same quarter in the previous year, the company posted $0.59 EPS. The firm’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. As a group, research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, November 4th. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.1083 per share. This represents a c) annualized dividend 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%.

Analyst Ratings Changes

Several research firms have recently weighed in on PECO. 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 report on Wednesday, August 27th. LADENBURG THALM/SH SH began 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. 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 report on Thursday, July 17th. Finally, Wall Street Zen lowered shares of Phillips Edison & Company, Inc. from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Phillips Edison & Company, Inc. has a consensus rating of “Moderate Buy” and an average target price 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.