Legal & General Group Plc Purchases 13,989 Shares of Phillips Edison & Company, Inc. $PECO

Legal & General Group Plc boosted its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 863,643 shares of the company’s stock after buying an additional 13,989 shares during the quarter. Legal & General Group Plc’s holdings in Phillips Edison & Company, Inc. were worth $30,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Phillips Edison & Company, Inc. by 1.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,174,051 shares of the company’s stock worth $79,331,000 after acquiring an additional 28,534 shares during the last quarter. Voya Investment Management LLC raised its position in Phillips Edison & Company, Inc. by 58.8% in the 1st quarter. Voya Investment Management LLC now owns 104,439 shares of the company’s stock worth $3,811,000 after purchasing an additional 38,675 shares during the period. Public Sector Pension Investment Board raised its position in Phillips Edison & Company, Inc. by 30.0% in the 1st quarter. Public Sector Pension Investment Board now owns 396,982 shares of the company’s stock worth $14,486,000 after purchasing an additional 91,523 shares during the period. Vanguard Group Inc. lifted its stake in Phillips Edison & Company, Inc. by 2.1% in the first quarter. Vanguard Group Inc. now owns 19,720,204 shares of the company’s stock worth $719,590,000 after purchasing an additional 397,862 shares during the last quarter. Finally, LPL Financial LLC boosted its position in Phillips Edison & Company, Inc. by 4.7% during the first quarter. LPL Financial LLC now owns 388,084 shares of the company’s stock valued at $14,161,000 after buying an additional 17,448 shares during the period. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Price Performance

PECO opened at $35.36 on Thursday. Phillips Edison & Company, Inc. has a one year low of $32.40 and a one year high of $40.12. The business has a 50 day simple moving average of $34.38 and a two-hundred day simple moving average of $34.74. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 53.58, a PEG ratio of 1.53 and a beta of 0.53.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.44). The business had revenue of $182.67 million during the quarter, compared to the consensus estimate of $177.19 million. Phillips Edison & Company, Inc. had a return on equity of 3.14% and a net margin of 11.51%.Phillips Edison & Company, Inc.’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.62 earnings per share. 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 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 dividend of $0.1083 per share. This represents a c) dividend on an annualized basis 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 presently 196.97%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PECO shares. UBS Group started coverage on Phillips Edison & Company, Inc. in a research note on Friday, October 17th. They set a “neutral” rating and a $37.00 price objective on the stock. LADENBURG THALM/SH SH started coverage on Phillips Edison & Company, Inc. in a report on Tuesday, September 9th. They set a “buy” rating and a $40.00 target price for the company. Wall Street Zen raised Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company began coverage on shares of Phillips Edison & Company, Inc. in a report on Tuesday, October 21st. They issued an “equal weight” rating and a $36.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $38.33.

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.