Thrivent Financial for Lutherans Has $3.91 Million Stake in Phillips Edison & Company, Inc. $PECO

Thrivent Financial for Lutherans raised its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 21.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 111,682 shares of the company’s stock after purchasing an additional 19,737 shares during the quarter. Thrivent Financial for Lutherans owned 0.09% of Phillips Edison & Company, Inc. worth $3,912,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Coppell Advisory Solutions LLC raised its position in Phillips Edison & Company, Inc. by 69.2% in the 2nd quarter. Coppell Advisory Solutions LLC now owns 21,031 shares of the company’s stock valued at $734,000 after buying an additional 8,598 shares during the last quarter. State of Wyoming bought a new stake in shares of Phillips Edison & Company, Inc. in the 2nd quarter worth $110,000. Public Sector Pension Investment Board grew its stake in shares of Phillips Edison & Company, Inc. by 7.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 427,482 shares of the company’s stock worth $14,975,000 after acquiring an additional 30,500 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Phillips Edison & Company, Inc. by 293.3% in the second quarter. Tower Research Capital LLC TRC now owns 13,885 shares of the company’s stock valued at $486,000 after purchasing an additional 10,355 shares during the last quarter. Finally, State of Tennessee Department of Treasury lifted its position in shares of Phillips Edison & Company, Inc. by 2.1% during the second quarter. State of Tennessee Department of Treasury now owns 54,189 shares of the company’s stock valued at $1,898,000 after purchasing an additional 1,122 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Down 0.9%

Phillips Edison & Company, Inc. stock opened at $36.05 on Friday. The business’s 50 day simple moving average is $34.74 and its 200 day simple moving average is $34.73. Phillips Edison & Company, Inc. has a 12 month low of $32.40 and a 12 month high of $38.57. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 54.62, a PEG ratio of 1.55 and a beta of 0.53.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results on Thursday, October 23rd. The company reported $0.20 earnings per share (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 firm had revenue of $182.67 million during the quarter, compared to the consensus estimate of $177.19 million. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The business’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, equities research analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on PECO shares. KeyCorp reaffirmed a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a research report on Thursday. UBS Group initiated coverage on Phillips Edison & Company, Inc. in a report on Friday, October 17th. They issued a “neutral” rating and a $37.00 target price for the company. Wells Fargo & Company initiated coverage on Phillips Edison & Company, Inc. in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $36.00 price target for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research report on Wednesday, October 8th. Finally, Barclays upped their price objective on Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.67.

Phillips Edison & Company, Inc. Company Profile

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.