Coppell Advisory Solutions LLC Has $454,000 Stock Position in Phillips Edison & Company, Inc. $PECO

Coppell Advisory Solutions LLC trimmed its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 30.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,433 shares of the company’s stock after selling 5,392 shares during the quarter. Coppell Advisory Solutions LLC’s holdings in Phillips Edison & Company, Inc. were worth $454,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Nuveen LLC acquired a new position in Phillips Edison & Company, Inc. in the 1st quarter valued at approximately $32,465,000. Alyeska Investment Group L.P. grew its stake in shares of Phillips Edison & Company, Inc. by 42.1% in the first quarter. Alyeska Investment Group L.P. now owns 2,013,308 shares of the company’s stock worth $73,466,000 after purchasing an additional 596,123 shares during the last quarter. Millennium Management LLC grew its stake in shares of Phillips Edison & Company, Inc. by 129.2% in the first quarter. Millennium Management LLC now owns 855,138 shares of the company’s stock worth $31,204,000 after purchasing an additional 482,057 shares during the last quarter. Vanguard Group Inc. increased its holdings in Phillips Edison & Company, Inc. by 2.1% in the first quarter. Vanguard Group Inc. now owns 19,720,204 shares of the company’s stock valued at $719,590,000 after purchasing an additional 397,862 shares during the period. Finally, Adage Capital Partners GP L.L.C. increased its holdings in Phillips Edison & Company, Inc. by 54.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 915,000 shares of the company’s stock valued at $33,388,000 after purchasing an additional 324,139 shares during the period. Institutional investors own 80.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Mizuho decreased their price target on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Thursday, July 17th. Wall Street Zen upgraded Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a report on Friday. Finally, Barclays decreased their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 27th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $38.33.

Phillips Edison & Company, Inc. Stock Down 1.1%

Shares of NASDAQ:PECO opened at $35.75 on Tuesday. Phillips Edison & Company, Inc. has a twelve month low of $32.40 and a twelve month high of $40.12. The stock’s 50 day moving average is $34.54 and its 200-day moving average is $35.14. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 65.00, a PEG ratio of 1.23 and a beta of 0.55.

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

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, November 4th. Stockholders of record on Wednesday, October 15th will be given a dividend of $0.1083 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 3.6%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 223.64%.

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.