Cooper Financial Group Sells 497 Shares of Phillips Edison & Company, Inc. $PECO

Cooper Financial Group trimmed its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,265 shares of the company’s stock after selling 497 shares during the quarter. Cooper Financial Group’s holdings in Phillips Edison & Company, Inc. were worth $1,446,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in PECO. MassMutual Private Wealth & Trust FSB increased its stake in Phillips Edison & Company, Inc. by 79.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,360 shares of the company’s stock valued at $50,000 after acquiring an additional 602 shares during the last quarter. GAMMA Investing LLC increased its stake in Phillips Edison & Company, Inc. by 3,539.6% in the first quarter. GAMMA Investing LLC now owns 113,192 shares of the company’s stock valued at $4,130,000 after acquiring an additional 110,082 shares during the last quarter. Fiduciary Alliance LLC increased its stake in Phillips Edison & Company, Inc. by 10.4% in the first quarter. Fiduciary Alliance LLC now owns 19,816 shares of the company’s stock valued at $723,000 after acquiring an additional 1,861 shares during the last quarter. NBC Securities Inc. increased its stake in Phillips Edison & Company, Inc. by 110,871.4% in the first quarter. NBC Securities Inc. now owns 7,768 shares of the company’s stock valued at $283,000 after acquiring an additional 7,761 shares during the last quarter. Finally, Merit Financial Group LLC bought a new position in Phillips Edison & Company, Inc. in the first quarter valued at approximately $214,000. 80.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PECO. Barclays decreased their price objective on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 27th. LADENBURG THALM/SH SH initiated coverage on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, September 9th. They issued a “buy” rating and a $40.00 price objective on the stock. Mizuho cut their target price 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 lowered shares of Phillips Edison & Company, Inc. from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.83.

Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ:PECO opened at $34.33 on Wednesday. The firm has a market cap of $4.31 billion, a PE ratio of 62.42, a price-to-earnings-growth ratio of 1.17 and a beta of 0.55. The firm’s fifty day moving average is $34.62 and its 200-day moving average is $35.04. Phillips Edison & Company, Inc. has a 52 week low of $32.40 and a 52 week high of $40.12.

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

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, November 4th. Investors of record on Wednesday, October 15th will be paid a dividend of $0.1083 per share. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, October 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 236.36%.

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.