Geneos Wealth Management Inc. Sells 22,705 Shares of Phillips Edison & Company, Inc. $PECO

Geneos Wealth Management Inc. trimmed its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 59.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,190 shares of the company’s stock after selling 22,705 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Phillips Edison & Company, Inc. were worth $521,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. bought a new stake in shares of Phillips Edison & Company, Inc. during the 2nd quarter worth about $28,000. EverSource Wealth Advisors LLC raised its holdings in Phillips Edison & Company, Inc. by 49.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,604 shares of the company’s stock worth $91,000 after acquiring an additional 865 shares during the period. Beacon Capital Management Inc. bought a new stake in Phillips Edison & Company, Inc. during the second quarter valued at about $106,000. State of Wyoming bought a new stake in Phillips Edison & Company, Inc. during the second quarter valued at about $110,000. Finally, FSC Wealth Advisors LLC grew its position in shares of Phillips Edison & Company, Inc. by 40.1% in the second quarter. FSC Wealth Advisors LLC now owns 3,493 shares of the company’s stock valued at $122,000 after purchasing an additional 1,000 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors.

Phillips Edison & Company, Inc. Trading Down 1.6%

PECO opened at $34.82 on Friday. The stock’s 50 day simple moving average is $35.11 and its 200-day simple moving average is $34.72. The stock has a market cap of $4.38 billion, a PE ratio of 52.76, a P/E/G ratio of 1.37 and a beta of 0.53. Phillips Edison & Company, Inc. has a 1 year low of $32.40 and a 1 year high of $37.76.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its 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). The firm had revenue of $182.67 million during the quarter, compared to the consensus estimate of $177.19 million. Phillips Edison & Company, Inc. had a return on equity of 3.14% and a net margin of 11.51%.The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $0.62 earnings per share. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.620-0.650 EPS. Equities 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 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 is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 3.7%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 196.97%.

Wall Street Analysts Forecast Growth

PECO has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research note on Wednesday, October 8th. Mizuho set a $39.00 price objective on Phillips Edison & Company, Inc. in a research report on Friday. Morgan Stanley raised their price objective on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Monday, January 5th. KeyCorp reiterated a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a research note on Thursday, December 18th. 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 research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $38.67.

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.