Kennedy Capital Management LLC Sells 40,199 Shares of Phillips Edison & Company, Inc. $PECO

Kennedy Capital Management LLC cut its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 14.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 239,690 shares of the company’s stock after selling 40,199 shares during the quarter. Kennedy Capital Management LLC’s holdings in Phillips Edison & Company, Inc. were worth $8,396,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PECO. Assetmark Inc. purchased a new stake in shares of Phillips Edison & Company, Inc. in the 2nd quarter worth approximately $28,000. Quarry LP raised its stake in Phillips Edison & Company, Inc. by 21,362.5% in the first quarter. Quarry LP now owns 1,717 shares of the company’s stock worth $63,000 after buying an additional 1,709 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Phillips Edison & Company, Inc. by 49.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,604 shares of the company’s stock worth $91,000 after buying an additional 865 shares in the last quarter. 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 worth $109,000 after buying an additional 515 shares during the period. Finally, FSC Wealth Advisors LLC boosted its position in Phillips Edison & Company, Inc. by 40.1% during the 2nd quarter. FSC Wealth Advisors LLC now owns 3,493 shares of the company’s stock valued at $122,000 after acquiring an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Down 0.1%

PECO opened at $34.84 on Friday. Phillips Edison & Company, Inc. has a 52-week low of $32.40 and a 52-week high of $39.70. The company has a market cap of $4.38 billion, a P/E ratio of 52.79, a price-to-earnings-growth ratio of 1.50 and a beta of 0.53. The firm’s 50-day moving average price is $34.42 and its 200-day moving average price is $34.72.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its earnings results on Thursday, October 23rd. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.44). The company had revenue of $182.67 million during the quarter, compared to analyst estimates of $177.19 million. Phillips Edison & Company, Inc. had a return on equity of 3.14% and a net margin of 11.51%.The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $0.62 earnings per share. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.620-0.650 EPS. On average, research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.1083 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, February 17th. Phillips Edison & Company, Inc.’s payout ratio is presently 196.97%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on PECO shares. UBS Group assumed coverage on Phillips Edison & Company, Inc. in a research report on Friday, October 17th. They issued a “neutral” rating and a $37.00 price target for the company. LADENBURG THALM/SH SH started 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. Wells Fargo & Company initiated coverage on shares of Phillips Edison & Company, Inc. in a report on Tuesday, October 21st. They issued an “equal weight” rating and a $36.00 price target on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research note on Wednesday, October 8th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $38.33.

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.