Phillips Edison & Company, Inc. $PECO Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. boosted its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 6.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 130,575 shares of the company’s stock after buying an additional 7,778 shares during the period. Prudential Financial Inc.’s holdings in Phillips Edison & Company, Inc. were worth $4,574,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Townsquare Capital LLC lifted its holdings in shares of Phillips Edison & Company, Inc. by 3.6% during the 1st quarter. Townsquare Capital LLC now owns 8,610 shares of the company’s stock valued at $314,000 after acquiring an additional 303 shares in the last quarter. Maryland State Retirement & Pension System lifted its stake in shares of Phillips Edison & Company, Inc. by 1.0% during the second quarter. Maryland State Retirement & Pension System now owns 36,853 shares of the company’s stock worth $1,291,000 after purchasing an additional 371 shares in the last quarter. Norinchukin Bank The boosted its position in shares of Phillips Edison & Company, Inc. by 6.9% in the first quarter. Norinchukin Bank The now owns 5,785 shares of the company’s stock worth $211,000 after buying an additional 372 shares during the period. CWM LLC grew its stake in shares of Phillips Edison & Company, Inc. by 2.0% in the second quarter. CWM LLC now owns 19,777 shares of the company’s stock valued at $693,000 after buying an additional 385 shares in the last quarter. Finally, A&I Financial Services LLC raised its holdings in shares of Phillips Edison & Company, Inc. by 3.9% during the 2nd quarter. A&I Financial Services LLC now owns 11,419 shares of the company’s stock valued at $400,000 after buying an additional 433 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Phillips Edison & Company, Inc. Stock Performance

PECO opened at $35.51 on Monday. The company has a market capitalization of $4.47 billion, a P/E ratio of 53.80, a PEG ratio of 1.53 and a beta of 0.53. The company has a 50-day moving average of $34.39 and a 200-day moving average of $34.73. Phillips Edison & Company, Inc. has a 1-year low of $32.40 and a 1-year high of $40.06.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.44). The company had revenue of $182.67 million for 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 business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 EPS. 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 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a $0.1083 dividend. 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 payout ratio is 196.97%.

About Phillips Edison & Company, Inc.

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.