B&I Capital AG Reduces Stock Position in Phillips Edison & Company, Inc. $PECO

B&I Capital AG trimmed its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 5.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 227,295 shares of the company’s stock after selling 12,750 shares during the period. Phillips Edison & Company, Inc. accounts for about 2.7% of B&I Capital AG’s holdings, making the stock its 13th largest holding. B&I Capital AG owned about 0.18% of Phillips Edison & Company, Inc. worth $7,962,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Townsquare Capital LLC lifted its stake in 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 raised its holdings in 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 in the last quarter. Norinchukin Bank The lifted its position 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 worth $211,000 after buying an additional 372 shares during the last quarter. CWM LLC boosted its holdings in shares of Phillips Edison & Company, Inc. by 2.0% in the 2nd quarter. CWM LLC now owns 19,777 shares of the company’s stock valued at $693,000 after buying an additional 385 shares in the last quarter. Finally, A&I Financial Services LLC boosted its holdings in shares of Phillips Edison & Company, Inc. by 3.9% in the 2nd quarter. A&I Financial Services LLC now owns 11,419 shares of the company’s stock valued at $400,000 after buying an additional 433 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research note on Wednesday, October 8th. Wells Fargo & Company started coverage on Phillips Edison & Company, Inc. in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $36.00 target price on the stock. LADENBURG THALM/SH SH began coverage on Phillips Edison & Company, Inc. in a research report on Tuesday, September 9th. They issued a “buy” rating and a $40.00 target price for the company. Wall Street Zen upgraded Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Barclays boosted their price objective on Phillips Edison & Company, Inc. from $38.00 to $40.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 18th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $38.33.

Phillips Edison & Company, Inc. Stock Down 0.5%

PECO opened at $35.36 on Thursday. The business has a 50 day moving average price of $34.38 and a two-hundred day moving average price of $34.74. The company has a market cap of $4.45 billion, a PE ratio of 53.58, a P/E/G ratio of 1.53 and a beta of 0.53. Phillips Edison & Company, Inc. has a 52 week low of $32.40 and a 52 week high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its earnings results on Thursday, October 23rd. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.44). Phillips Edison & Company, Inc. had a net margin of 11.51% and a return on equity of 3.14%. The company had revenue of $182.67 million during the quarter, compared to analysts’ expectations of $177.19 million. During the same quarter last year, the business posted $0.62 earnings per share. The company’s revenue for the quarter 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. As a group, sell-side analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.1083 per share. The ex-dividend date is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 3.7%. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 196.97%.

Phillips Edison & Company, Inc. Company 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.