Prime Capital Investment Advisors LLC Sells 20,757 Shares of Phillips Edison & Company, Inc. $PECO

Prime Capital Investment Advisors LLC cut its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 14.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,229 shares of the company’s stock after selling 20,757 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Phillips Edison & Company, Inc. were worth $4,247,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp lifted its position in shares of Phillips Edison & Company, Inc. by 78.1% during the first quarter. Fifth Third Bancorp now owns 732 shares of the company’s stock valued at $27,000 after purchasing an additional 321 shares in the last quarter. CX Institutional bought a new position in shares of Phillips Edison & Company, Inc. during the 1st quarter worth approximately $30,000. Quarry LP boosted its stake in shares of Phillips Edison & Company, Inc. by 21,362.5% in the 1st quarter. Quarry LP now owns 1,717 shares of the company’s stock worth $63,000 after buying an additional 1,709 shares during the last quarter. FSC Wealth Advisors LLC bought a new position in shares of Phillips Edison & Company, Inc. in the first quarter valued at approximately $91,000. Finally, Rossby Financial LCC purchased a new stake in shares of Phillips Edison & Company, Inc. during the first quarter valued at approximately $105,000. Institutional investors own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PECO. Weiss Ratings reissued a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research report on Saturday, September 27th. LADENBURG THALM/SH SH assumed coverage on Phillips Edison & Company, Inc. in a research note on Tuesday, September 9th. They set a “buy” rating and a $40.00 target price on the stock. Barclays increased their price target on shares of Phillips Edison & Company, Inc. from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Monday. Mizuho lowered their price objective on shares of Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, July 17th. Finally, Wall Street Zen downgraded shares of Phillips Edison & Company, Inc. from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.17.

Phillips Edison & Company, Inc. Price Performance

PECO opened at $33.60 on Tuesday. The firm has a market capitalization of $4.22 billion, a P/E ratio of 61.09, a price-to-earnings-growth ratio of 1.15 and a beta of 0.54. Phillips Edison & Company, Inc. has a one year low of $32.40 and a one year high of $40.12. The company has a fifty day moving average price of $34.56 and a 200-day moving average price of $35.01.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. Phillips Edison & Company, Inc. had a return on equity of 2.64% and a net margin of 9.91%.The company had revenue of $173.47 million during the quarter, compared to analyst estimates of $174.38 million. During the same quarter last year, the company earned $0.59 earnings per share. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. On average, analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, November 4th. Investors of record on Wednesday, October 15th will be given a $0.1083 dividend. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Wednesday, October 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is 236.36%.

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.