Los Angeles Capital Management LLC Increases Stock Position in Phillips Edison & Company, Inc. $PECO

Los Angeles Capital Management LLC increased its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 11.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,032 shares of the company’s stock after buying an additional 2,943 shares during the period. Los Angeles Capital Management LLC’s holdings in Phillips Edison & Company, Inc. were worth $1,017,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Nuveen LLC purchased a new stake in shares of Phillips Edison & Company, Inc. during the first quarter worth $32,465,000. Alyeska Investment Group L.P. raised its stake in shares of Phillips Edison & Company, Inc. by 42.1% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,013,308 shares of the company’s stock valued at $73,466,000 after purchasing an additional 596,123 shares during the period. Millennium Management LLC lifted its holdings in Phillips Edison & Company, Inc. by 129.2% during the 1st 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 in the last quarter. Vanguard Group Inc. boosted its stake in Phillips Edison & Company, Inc. by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 19,720,204 shares of the company’s stock worth $719,590,000 after purchasing an additional 397,862 shares during the period. Finally, Adage Capital Partners GP L.L.C. grew its holdings in Phillips Edison & Company, Inc. by 54.9% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 915,000 shares of the company’s stock valued at $33,388,000 after buying an additional 324,139 shares in the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Price Performance

Shares of Phillips Edison & Company, Inc. stock opened at $34.71 on Thursday. Phillips Edison & Company, Inc. has a 1 year low of $32.40 and a 1 year high of $40.12. The firm has a market cap of $4.37 billion, a PE ratio of 52.59, a PEG ratio of 1.50 and a beta of 0.53. The company has a 50 day simple moving average of $34.54 and a two-hundred day simple moving average of $34.77.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly 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). Phillips Edison & Company, Inc. had a return on equity of 3.14% and a net margin of 11.51%.The company had revenue of $182.67 million during the quarter, compared to the consensus estimate of $177.19 million. During the same period in the previous year, the company earned $0.62 EPS. 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. As a group, research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current 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. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) annualized dividend and a yield of 3.7%. Phillips Edison & Company, Inc.’s payout ratio is 196.97%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Barclays upped their price target on Phillips Edison & Company, Inc. from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Monday, October 6th. LADENBURG THALM/SH SH began coverage on shares of Phillips Edison & Company, Inc. in a report on Tuesday, September 9th. They set a “buy” rating and a $40.00 target price on the stock. Wells Fargo & Company initiated coverage on shares of 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. Mizuho reduced their price target 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, Wall Street Zen raised shares of Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. presently has a consensus rating of “Hold” and an average price target 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.