Phillips Edison & Company, Inc. $PECO Stock Position Trimmed by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. decreased its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 59.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,190 shares of the company’s stock after selling 22,705 shares during the period. Geneos Wealth Management Inc.’s holdings in Phillips Edison & Company, Inc. were worth $521,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of Phillips Edison & Company, Inc. by 12.8% during the first quarter. Royal Bank of Canada now owns 81,726 shares of the company’s stock worth $2,982,000 after buying an additional 9,250 shares during the period. AQR Capital Management LLC grew its stake in shares of Phillips Edison & Company, Inc. by 8.2% in the first quarter. AQR Capital Management LLC now owns 11,091 shares of the company’s stock worth $405,000 after purchasing an additional 845 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Phillips Edison & Company, Inc. during the first quarter valued at $333,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Phillips Edison & Company, Inc. by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,111 shares of the company’s stock valued at $2,668,000 after purchasing an additional 3,199 shares in the last quarter. Finally, United Services Automobile Association acquired a new stake in Phillips Edison & Company, Inc. in the first quarter worth about $297,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Down 1.6%

NASDAQ PECO opened at $34.82 on Friday. The company has a market capitalization of $4.38 billion, a PE ratio of 52.76, a price-to-earnings-growth ratio of 1.37 and a beta of 0.53. Phillips Edison & Company, Inc. has a 1-year low of $32.40 and a 1-year high of $37.76. The firm’s fifty day simple moving average is $35.11 and its 200-day simple moving average is $34.72.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results on Thursday, October 23rd. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $177.19 million. During the same quarter last year, the firm earned $0.62 EPS. The business’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, analysts predict that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a $0.1083 dividend. 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 currently 196.97%.

Analyst Ratings Changes

PECO has been the topic of a number of recent analyst reports. Wells Fargo & Company began coverage on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $36.00 price target on the stock. Morgan Stanley raised their target price on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock an “equal weight” rating in a report on Monday, January 5th. UBS Group upped their price target on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday. Barclays raised their price objective on Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 18th. Finally, Mizuho set a $39.00 target price on Phillips Edison & Company, Inc. in a research report on Friday. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average 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.