Phillips Edison & Company, Inc. $PECO Shares Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC increased its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 5.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 103,023 shares of the company’s stock after purchasing an additional 5,268 shares during the period. Mutual of America Capital Management LLC owned 0.08% of Phillips Edison & Company, Inc. worth $3,609,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PECO. Quarry LP grew 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 purchasing an additional 1,709 shares in the last quarter. Rossby Financial LCC acquired a new position in Phillips Edison & Company, Inc. in the first quarter worth about $105,000. PNC Financial Services Group Inc. grew its stake in Phillips Edison & Company, Inc. by 20.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,995 shares of the company’s stock worth $109,000 after purchasing an additional 515 shares in the last quarter. GAMMA Investing LLC grew its stake in Phillips Edison & Company, Inc. by 51.9% in the second quarter. GAMMA Investing LLC now owns 4,713 shares of the company’s stock worth $165,000 after purchasing an additional 1,611 shares in the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. acquired a new position in Phillips Edison & Company, Inc. in the second quarter worth about $179,000. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Trading Down 0.9%

Shares of NASDAQ PECO opened at $34.42 on Friday. The stock has a 50 day simple moving average of $34.59 and a 200-day simple moving average of $34.85. The company has a market cap of $4.32 billion, a PE ratio of 62.58, a P/E/G ratio of 1.60 and a beta of 0.54. Phillips Edison & Company, Inc. has a 12-month low of $32.40 and a 12-month high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.01. The business had revenue of $178.29 million during the quarter, compared to the consensus estimate of $177.19 million. Phillips Edison & Company, Inc. had a return on equity of 2.64% and a net margin of 9.91%.The business’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 earnings per share. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.620-0.650 EPS. Sell-side analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently disclosed 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 is Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 3.8%. Phillips Edison & Company, Inc.’s payout ratio is currently 236.36%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PECO. Weiss Ratings reissued a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a report on Wednesday, October 8th. Wall Street Zen cut shares of Phillips Edison & Company, Inc. from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Wells Fargo & Company began coverage on shares of Phillips Edison & Company, Inc. in a report on Tuesday. They issued an “equal weight” rating and a $36.00 target price on the stock. LADENBURG THALM/SH SH began coverage on shares of Phillips Edison & Company, Inc. in a report on Tuesday, September 9th. They issued a “buy” rating and a $40.00 target price on the stock. Finally, Mizuho cut their target price on shares of Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, July 17th. Three research 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 company has a consensus rating of “Hold” and an average price target of $38.86.

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.