Financial Partners Group Inc Sells 15,189 Shares of Phillips Edison & Company, Inc. $PECO

Financial Partners Group Inc lowered its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 61.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,355 shares of the company’s stock after selling 15,189 shares during the quarter. Financial Partners Group Inc’s holdings in Phillips Edison & Company, Inc. were worth $328,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Crossmark Global Holdings Inc. bought a new stake in Phillips Edison & Company, Inc. during the first quarter valued at $242,000. Teacher Retirement System of Texas raised its holdings in shares of Phillips Edison & Company, Inc. by 11.8% during the first quarter. Teacher Retirement System of Texas now owns 36,284 shares of the company’s stock valued at $1,324,000 after purchasing an additional 3,841 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Phillips Edison & Company, Inc. by 4.7% during the first quarter. Principal Financial Group Inc. now owns 623,420 shares of the company’s stock valued at $22,749,000 after purchasing an additional 28,255 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Phillips Edison & Company, Inc. in the 1st quarter worth about $1,002,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Phillips Edison & Company, Inc. by 1.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,174,051 shares of the company’s stock worth $79,331,000 after acquiring an additional 28,534 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Price Performance

NASDAQ PECO opened at $34.99 on Tuesday. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 63.62, a PEG ratio of 1.19 and a beta of 0.55. The business’s fifty day moving average price is $34.66 and its 200-day moving average price is $35.07. Phillips Edison & Company, Inc. has a 1-year low of $32.40 and a 1-year high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its earnings results on Thursday, July 24th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.01. The business had revenue of $173.47 million for the quarter, compared to analysts’ expectations of $174.38 million. Phillips Edison & Company, Inc. had a return on equity of 2.64% and a net margin of 9.91%.The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last 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 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 4th. Stockholders of record on Wednesday, October 15th will be paid a dividend of $0.1083 per share. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Wednesday, October 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 236.36%.

Analysts Set New Price Targets

A number of research firms recently weighed in on PECO. Barclays lowered their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 27th. Wall Street Zen downgraded shares of Phillips Edison & Company, Inc. from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Mizuho reduced their price objective on shares of Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, July 17th. Finally, LADENBURG THALM/SH SH started coverage on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, September 9th. They issued a “buy” rating and a $40.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.83.

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.