Lakeridge Wealth Management LLC Decreases Holdings in Phillips Edison & Company, Inc. $PECO

Lakeridge Wealth Management LLC trimmed its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 18.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 18,158 shares of the company’s stock after selling 4,129 shares during the quarter. Lakeridge Wealth Management LLC’s holdings in Phillips Edison & Company, Inc. were worth $636,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of 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 purchasing an additional 303 shares during the last quarter. Maryland State Retirement & Pension System increased its position in Phillips Edison & Company, Inc. by 1.0% during the 2nd 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 in the last quarter. Norinchukin Bank The raised its stake in Phillips Edison & Company, Inc. by 6.9% in 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 boosted its holdings in 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 acquiring an additional 385 shares in the last quarter. Finally, A&I Financial Services LLC grew its stake in shares of Phillips Edison & Company, Inc. by 3.9% during the second quarter. A&I Financial Services LLC now owns 11,419 shares of the company’s stock worth $400,000 after acquiring an additional 433 shares during the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Trading Up 0.1%

Shares of Phillips Edison & Company, Inc. stock opened at $34.94 on Tuesday. Phillips Edison & Company, Inc. has a twelve month low of $32.40 and a twelve month high of $40.12. The firm has a market capitalization of $4.40 billion, a PE ratio of 52.94, a P/E/G ratio of 1.51 and a beta of 0.53. The firm’s 50-day moving average price is $34.56 and its 200 day moving average price is $34.77.

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

Phillips Edison & Company, Inc. Announces Dividend

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

Wall Street Analysts Forecast Growth

PECO has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a report on Wednesday, October 8th. LADENBURG THALM/SH SH began coverage on Phillips Edison & Company, Inc. in a research report on Tuesday, September 9th. They set a “buy” rating and a $40.00 price target on the stock. Barclays boosted their price objective on Phillips Edison & Company, Inc. from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Wells Fargo & Company began coverage on Phillips Edison & Company, Inc. in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $36.00 target price on the stock. Finally, Wall Street Zen upgraded Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a research report on Saturday. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $38.86.

Phillips Edison & Company, Inc. 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.