Cwm LLC Has $693,000 Stake in Phillips Edison & Company, Inc. $PECO

Cwm LLC grew its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 2.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,777 shares of the company’s stock after acquiring an additional 385 shares during the quarter. Cwm LLC’s holdings in Phillips Edison & Company, Inc. were worth $693,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Townsquare Capital LLC grew its holdings in shares of Phillips Edison & Company, Inc. by 3.6% during the first quarter. Townsquare Capital LLC now owns 8,610 shares of the company’s stock worth $314,000 after purchasing an additional 303 shares during the last quarter. Maryland State Retirement & Pension System grew its holdings in shares of Phillips Edison & Company, Inc. by 1.0% during the second quarter. Maryland State Retirement & Pension System now owns 36,853 shares of the company’s stock worth $1,291,000 after purchasing an additional 371 shares during the last quarter. Norinchukin Bank The grew its holdings in shares of Phillips Edison & Company, Inc. by 6.9% during the first quarter. Norinchukin Bank The now owns 5,785 shares of the company’s stock worth $211,000 after purchasing an additional 372 shares during the last quarter. A&I Financial Services LLC grew its holdings in shares of Phillips Edison & Company, Inc. by 3.9% during the second quarter. A&I Financial Services LLC now owns 11,419 shares of the company’s stock worth $400,000 after purchasing an additional 433 shares during the last quarter. Finally, Xponance Inc. grew its holdings in shares of Phillips Edison & Company, Inc. by 5.3% during the first quarter. Xponance Inc. now owns 9,276 shares of the company’s stock worth $338,000 after purchasing an additional 467 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO opened at $34.42 on Friday. Phillips Edison & Company, Inc. has a 52-week low of $32.40 and a 52-week high of $40.12. The business’s 50 day moving average price is $34.59 and its two-hundred day moving average price is $34.85. The firm has a market cap of $4.32 billion, a PE ratio of 62.58, a price-to-earnings-growth ratio of 1.60 and a beta of 0.54.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.01. Phillips Edison & Company, Inc. had a return on equity of 2.64% and a net margin of 9.91%.The firm had revenue of $178.29 million for the quarter, compared to analyst estimates of $177.19 million. During the same period in the previous year, the firm earned $0.62 earnings per share. The company’s revenue was up 10.4% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.620-0.650 EPS. Research analysts predict that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 4th. Shareholders of record on Wednesday, October 15th will be paid a $0.1083 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) annualized dividend and a yield of 3.8%. Phillips Edison & Company, Inc.’s payout ratio is 236.36%.

Analyst Upgrades and Downgrades

PECO has been the topic of several research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a report on Wednesday, October 8th. Mizuho cut their price objective on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an “outperform” rating on the stock 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 research note on Saturday, September 13th. LADENBURG THALM/SH SH assumed coverage on Phillips Edison & Company, Inc. in a research note on Tuesday, September 9th. They issued a “buy” rating and a $40.00 price objective on the stock. Finally, Barclays lifted their price objective on Phillips Edison & Company, Inc. from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, October 6th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Phillips Edison & Company, Inc. presently has a consensus rating of “Hold” and a consensus 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.