Osaic Holdings Inc. Increases Stake in Phillips Edison & Company, Inc. $PECO

Osaic Holdings Inc. lifted its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 31.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 270,642 shares of the company’s stock after buying an additional 64,465 shares during the quarter. Osaic Holdings Inc. owned approximately 0.22% of Phillips Edison & Company, Inc. worth $9,521,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. State Street Corp lifted its stake in Phillips Edison & Company, Inc. by 2.3% in the second quarter. State Street Corp now owns 7,349,080 shares of the company’s stock worth $258,169,000 after acquiring an additional 166,108 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Phillips Edison & Company, Inc. by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 3,395,070 shares of the company’s stock valued at $118,942,000 after purchasing an additional 65,782 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Phillips Edison & Company, Inc. by 1.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,209,158 shares of the company’s stock worth $77,387,000 after purchasing an additional 35,107 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in shares of Phillips Edison & Company, Inc. by 42.1% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,013,308 shares of the company’s stock worth $73,466,000 after purchasing an additional 596,123 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Phillips Edison & Company, Inc. during the second quarter worth $55,410,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Stock Performance

Phillips Edison & Company, Inc. stock opened at $36.05 on Friday. The company has a market capitalization of $4.54 billion, a P/E ratio of 54.62, a PEG ratio of 1.55 and a beta of 0.53. Phillips Edison & Company, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $38.57. The stock has a 50-day simple moving average of $34.74 and a 200-day simple moving average of $34.73.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings results on Thursday, October 23rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.44). Phillips Edison & Company, Inc. had a return on equity of 3.14% and a net margin of 11.51%.The firm had revenue of $182.67 million for the quarter, compared to analysts’ expectations of $177.19 million. During the same quarter in the prior year, the business earned $0.62 EPS. The company’s quarterly 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, analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a $0.1083 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, February 17th. Phillips Edison & Company, Inc.’s payout ratio is presently 196.97%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PECO shares. Wells Fargo & Company began coverage on Phillips Edison & Company, Inc. in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $36.00 price target on the stock. KeyCorp reiterated a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a report on Thursday. UBS Group initiated coverage on Phillips Edison & Company, Inc. in a research report on Friday, October 17th. They set a “neutral” rating and a $37.00 target price on the stock. LADENBURG THALM/SH SH began coverage on Phillips Edison & Company, Inc. in a report on Tuesday, September 9th. They issued a “buy” rating and a $40.00 price target for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $38.67.

About Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of grocery-anchored, necessity-based shopping centers. The company’s investment strategy is centered on properties that benefit from everyday consumer demand, seeking to deliver stable cash flows through long-term, triple-net leases with national and regional tenants in the grocery, drugstore and essential retail sectors.

In addition to its core retail portfolio, Phillips Edison & Company provides integrated services covering property management, asset management, leasing, development and acquisition sourcing.