Osaic Holdings Inc. Grows Stock Holdings in Phillips Edison & Company, Inc. $PECO

Osaic Holdings Inc. boosted its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 31.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 270,642 shares of the company’s stock after purchasing an additional 64,465 shares during the period. Osaic Holdings Inc.’s holdings in Phillips Edison & Company, Inc. were worth $9,521,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of Phillips Edison & Company, Inc. by 1.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,209,158 shares of the company’s stock valued at $77,387,000 after buying an additional 35,107 shares in the last quarter. Voya Investment Management LLC lifted its holdings in Phillips Edison & Company, Inc. by 58.8% in the first quarter. Voya Investment Management LLC now owns 104,439 shares of the company’s stock valued at $3,811,000 after acquiring an additional 38,675 shares during the period. Hsbc Holdings PLC boosted its position in shares of Phillips Edison & Company, Inc. by 9.7% during the 1st quarter. Hsbc Holdings PLC now owns 115,370 shares of the company’s stock worth $4,205,000 after purchasing an additional 10,188 shares in the last quarter. Invesco Ltd. grew its stake in shares of Phillips Edison & Company, Inc. by 9.7% during the 1st quarter. Invesco Ltd. now owns 431,885 shares of the company’s stock worth $15,759,000 after purchasing an additional 38,264 shares during the period. Finally, Millennium Management LLC grew its stake in shares of 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 during the period. 80.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PECO has been the subject of several recent analyst reports. Barclays raised their price objective on shares of Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Thursday. Wells Fargo & Company initiated coverage on shares of Phillips Edison & Company, Inc. in a report on Tuesday, October 21st. They issued an “equal weight” rating and a $36.00 target price for the company. KeyCorp reiterated a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a research report on Thursday. Weiss Ratings reissued a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research note on Wednesday, October 8th. Finally, LADENBURG THALM/SH SH started coverage on Phillips Edison & Company, Inc. in a report on Tuesday, September 9th. They issued a “buy” rating and a $40.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $38.67.

Phillips Edison & Company, Inc. Trading Down 0.9%

NASDAQ:PECO opened at $36.05 on Friday. The firm has a 50-day moving average price of $34.74 and a two-hundred day moving average price of $34.73. Phillips Edison & Company, Inc. has a twelve month low of $32.40 and a twelve month high of $38.57. The company has a market capitalization of $4.54 billion, a P/E ratio of 54.62, a price-to-earnings-growth ratio of 1.55 and a beta of 0.53.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.44). The business had revenue of $182.67 million during the quarter, compared to analysts’ expectations of $177.19 million. Phillips Edison & Company, Inc. had a net margin of 11.51% and a return on equity of 3.14%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the company earned $0.62 EPS. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.620-0.650 EPS. On average, equities research analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 3rd. Investors 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 yield of 3.6%. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 196.97%.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Company, Inc is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of grocery-anchored, necessity-based shopping centers. The company’s investment strategy is centered on properties that benefit from everyday consumer demand, seeking to deliver stable cash flows through long-term, triple-net leases with national and regional tenants in the grocery, drugstore and essential retail sectors.

In addition to its core retail portfolio, Phillips Edison & Company provides integrated services covering property management, asset management, leasing, development and acquisition sourcing.