Los Angeles Capital Management LLC Acquires 2,943 Shares of Phillips Edison & Company, Inc. $PECO

Los Angeles Capital Management LLC grew its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 11.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 29,032 shares of the company’s stock after acquiring an additional 2,943 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Phillips Edison & Company, Inc. were worth $1,017,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Townsquare Capital LLC grew 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 purchasing an additional 303 shares during the last quarter. Maryland State Retirement & Pension System grew 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 valued at $1,291,000 after buying an additional 371 shares during the last quarter. Norinchukin Bank The grew its stake in shares of Phillips Edison & Company, Inc. by 6.9% during the first quarter. Norinchukin Bank The now owns 5,785 shares of the company’s stock valued at $211,000 after buying an additional 372 shares during the last quarter. CWM LLC increased its holdings 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 worth $693,000 after buying an additional 385 shares during the period. Finally, A&I Financial Services LLC lifted its stake in shares of Phillips Edison & Company, Inc. by 3.9% in the 2nd quarter. A&I Financial Services LLC now owns 11,419 shares of the company’s stock valued at $400,000 after acquiring an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Performance

PECO opened at $34.71 on Thursday. The stock has a market capitalization of $4.37 billion, a PE ratio of 52.59, a price-to-earnings-growth ratio of 1.50 and a beta of 0.53. The stock’s 50 day moving average price is $34.54 and its 200-day moving average price is $34.77. 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 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 company had revenue of $182.67 million during the quarter, compared to the consensus estimate of $177.19 million. Phillips Edison & Company, Inc. had a net margin of 11.51% and a return on equity of 3.14%. The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 EPS. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.620-0.650 EPS. Research analysts forecast 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 declared a monthly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be given a dividend of $0.1083 per share. The ex-dividend date is Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 3.7%. Phillips Edison & Company, Inc.’s payout ratio is currently 196.97%.

Analyst Ratings Changes

Several equities analysts recently issued reports on PECO shares. Mizuho reduced their price target on 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. Wells Fargo & Company started coverage on Phillips Edison & Company, Inc. in a research note on Tuesday, October 21st. They set an “equal weight” rating and a $36.00 price objective for the company. Wall Street Zen raised shares of Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. LADENBURG THALM/SH SH began coverage on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, September 9th. They set a “buy” rating and a $40.00 price target for the company. Finally, UBS Group initiated coverage on shares of Phillips Edison & Company, Inc. in a report on Friday, October 17th. They issued a “neutral” rating and a $37.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $38.00.

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.