Swiss National Bank Buys 2,000 Shares of Phillips Edison & Company, Inc. $PECO

Swiss National Bank boosted its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 239,500 shares of the company’s stock after purchasing an additional 2,000 shares during the period. Swiss National Bank owned about 0.19% of Phillips Edison & Company, Inc. worth $8,390,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Phillips Edison & Company, Inc. by 1.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 80,385 shares of the company’s stock valued at $2,933,000 after buying an additional 1,351 shares during the last quarter. LPL Financial LLC increased its holdings in Phillips Edison & Company, Inc. by 4.7% in the 1st quarter. LPL Financial LLC now owns 388,084 shares of the company’s stock worth $14,161,000 after acquiring an additional 17,448 shares during the last quarter. Vestcor Inc bought a new stake in Phillips Edison & Company, Inc. in the 1st quarter valued at about $755,000. PNC Financial Services Group Inc. lifted its holdings in Phillips Edison & Company, Inc. by 20.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,995 shares of the company’s stock valued at $109,000 after purchasing an additional 515 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Phillips Edison & Company, Inc. by 2.1% during 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 period. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ:PECO opened at $35.51 on Friday. The firm has a fifty day moving average price of $34.39 and a two-hundred day moving average price of $34.73. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 53.80, a PEG ratio of 1.53 and a beta of 0.53. Phillips Edison & Company, Inc. has a one year low of $32.40 and a one year high of $40.06.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings results on Thursday, October 23rd. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.44). The firm 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%.The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 EPS. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.620-0.650 EPS. Equities research analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 3rd. Stockholders 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 dividend yield of 3.7%. The ex-dividend date is Tuesday, February 17th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 196.97%.

Analysts Set New Price Targets

PECO has been the topic of several research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. UBS Group began coverage on shares of Phillips Edison & Company, Inc. in a report on Friday, October 17th. They set a “neutral” rating and a $37.00 target price on the stock. Barclays raised their price target on Phillips Edison & Company, Inc. from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 18th. Finally, Wells Fargo & Company initiated coverage on Phillips Edison & Company, Inc. in a research report on Tuesday, October 21st. They issued an “equal weight” rating and a $36.00 price target for the company. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $38.33.

Phillips Edison & Company, Inc. Company 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.