Edgestream Partners L.P. Decreases Stock Holdings in Phillips Edison & Company, Inc. $PECO

Edgestream Partners L.P. trimmed its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 48.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 96,374 shares of the company’s stock after selling 89,605 shares during the period. Edgestream Partners L.P. owned approximately 0.08% of Phillips Edison & Company, Inc. worth $3,376,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. LPL Financial LLC raised its position in Phillips Edison & Company, Inc. by 4.7% in the first quarter. LPL Financial LLC now owns 388,084 shares of the company’s stock worth $14,161,000 after acquiring an additional 17,448 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Phillips Edison & Company, Inc. by 20.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,995 shares of the company’s stock worth $109,000 after buying an additional 515 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Phillips Edison & Company, Inc. by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 19,720,204 shares of the company’s stock worth $719,590,000 after acquiring an additional 397,862 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Phillips Edison & Company, Inc. by 1.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,174,051 shares of the company’s stock valued at $79,331,000 after purchasing an additional 28,534 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Phillips Edison & Company, Inc. by 6.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 86,105 shares of the company’s stock worth $3,142,000 after buying an additional 5,430 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on PECO. UBS Group initiated coverage on Phillips Edison & Company, Inc. in a research report on Friday, October 17th. They issued a “neutral” rating and a $37.00 price target for the company. LADENBURG THALM/SH SH began 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 for the company. Wall Street Zen raised Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Barclays raised their price target on Phillips Edison & Company, Inc. from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 18th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $38.33.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO stock opened at $34.87 on Thursday. The stock has a 50 day moving average price of $34.41 and a 200 day moving average price of $34.72. Phillips Edison & Company, Inc. has a 52-week low of $32.40 and a 52-week high of $39.70. The firm has a market capitalization of $4.39 billion, a P/E ratio of 52.83, a P/E/G ratio of 1.51 and a beta of 0.53.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.20 EPS 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 business had revenue of $182.67 million during the quarter, compared to the consensus estimate of $177.19 million. During the same period last year, the company earned $0.62 EPS. The business’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. As a group, sell-side analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business 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 $0.1083 dividend. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, February 17th. Phillips Edison & Company, Inc.’s payout ratio is 196.97%.

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.