Charles Schwab Investment Management Inc. Acquires 35,107 Shares of Phillips Edison & Company, Inc. $PECO

Charles Schwab Investment Management Inc. increased its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 1.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,209,158 shares of the company’s stock after purchasing an additional 35,107 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Phillips Edison & Company, Inc. were worth $77,387,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of Phillips Edison & Company, Inc. by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 3,395,070 shares of the company’s stock valued at $118,942,000 after buying an additional 65,782 shares during the period. Alyeska Investment Group L.P. increased its position in Phillips Edison & Company, Inc. by 42.1% in 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 buying an additional 596,123 shares in the last quarter. Duff & Phelps Investment Management Co. raised its stake in Phillips Edison & Company, Inc. by 1.0% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 1,522,883 shares of the company’s stock worth $53,347,000 after buying an additional 14,403 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Phillips Edison & Company, Inc. by 6.3% in the second quarter. Bank of New York Mellon Corp now owns 991,796 shares of the company’s stock worth $34,743,000 after acquiring an additional 59,060 shares in the last quarter. 80.70% of the stock is owned by institutional investors.

Phillips Edison & Company, Inc. Price Performance

NASDAQ PECO opened at $35.51 on Friday. The company has a fifty day moving average price of $34.39 and a 200-day moving average price of $34.73. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 53.80, a PEG ratio of 1.53 and a beta of 0.53. Phillips Edison & Company, Inc. has a 1 year low of $32.40 and a 1 year high of $40.06.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings results on Thursday, October 23rd. The company reported $0.20 earnings per share 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. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.620-0.650 EPS. On average, research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be given a dividend of $0.1083 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, February 17th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 196.97%.

Analyst Ratings Changes

Several equities research analysts have recently commented on PECO shares. LADENBURG THALM/SH SH started coverage on Phillips Edison & Company, Inc. in a report on Tuesday, September 9th. They set a “buy” rating and a $40.00 price objective for the company. Wells Fargo & Company began coverage on shares of Phillips Edison & Company, Inc. in a report on Tuesday, October 21st. They set an “equal weight” rating and a $36.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research note on Wednesday, October 8th. UBS Group started coverage on shares of Phillips Edison & Company, Inc. in a research report on Friday, October 17th. They set a “neutral” rating and a $37.00 target price for the company. Finally, Wall Street Zen upgraded 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’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $38.33.

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.