Arrowstreet Capital Limited Partnership Purchases 133,595 Shares of Phillips Edison & Company, Inc. $PECO

Arrowstreet Capital Limited Partnership raised its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 140.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 228,726 shares of the company’s stock after buying an additional 133,595 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Phillips Edison & Company, Inc. were worth $8,012,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of PECO. Assetmark Inc. bought a new stake in Phillips Edison & Company, Inc. during the 2nd quarter worth approximately $28,000. Quarry LP raised its position in Phillips Edison & Company, Inc. by 21,362.5% in the 1st quarter. Quarry LP now owns 1,717 shares of the company’s stock valued at $63,000 after purchasing an additional 1,709 shares during the last quarter. PNC Financial Services Group Inc. boosted 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. FSC Wealth Advisors LLC grew its holdings in shares of Phillips Edison & Company, Inc. by 40.1% during the second quarter. FSC Wealth Advisors LLC now owns 3,493 shares of the company’s stock worth $122,000 after purchasing an additional 1,000 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Phillips Edison & Company, Inc. by 51.9% during 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 during the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Trading Down 0.2%

Phillips Edison & Company, Inc. stock opened at $34.59 on Thursday. The company has a market cap of $4.35 billion, a PE ratio of 52.41, a PEG ratio of 1.50 and a beta of 0.53. Phillips Edison & Company, Inc. has a 1 year low of $32.40 and a 1 year high of $39.70. The company’s 50-day moving average is $34.45 and its two-hundred day moving average is $34.71.

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 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 business had revenue of $182.67 million for the quarter, compared to analyst estimates of $177.19 million. During the same quarter in the prior year, the firm earned $0.62 EPS. The firm’s quarterly revenue 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. Research analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be paid a $0.1083 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. Phillips Edison & Company, Inc.’s dividend payout ratio is 196.97%.

Analyst Ratings Changes

A number of research firms recently issued reports on PECO. LADENBURG THALM/SH SH assumed coverage on Phillips Edison & Company, Inc. in a report on Tuesday, September 9th. They issued a “buy” rating and a $40.00 price target for the company. UBS Group started coverage on shares of Phillips Edison & Company, Inc. in a research report on Friday, October 17th. They issued a “neutral” rating and a $37.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Wells Fargo & Company began coverage on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, October 21st. They issued an “equal weight” rating and a $36.00 price objective for the company. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus 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.