Maryland State Retirement & Pension System Purchases 371 Shares of Phillips Edison & Company, Inc. $PECO

Maryland State Retirement & Pension System boosted its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,853 shares of the company’s stock after acquiring an additional 371 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Phillips Edison & Company, Inc. were worth $1,291,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. KLP Kapitalforvaltning AS grew its stake in shares of Phillips Edison & Company, Inc. by 7.9% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 26,000 shares of the company’s stock valued at $913,000 after purchasing an additional 1,900 shares during the period. LDR Capital Management LLC bought a new stake in Phillips Edison & Company, Inc. during the second quarter valued at approximately $479,000. Global Assets Advisory LLC bought a new stake in Phillips Edison & Company, Inc. during the second quarter valued at approximately $213,000. OLD National Bancorp IN purchased a new position in shares of Phillips Edison & Company, Inc. during the 2nd quarter worth $202,000. Finally, Polaris Capital Management LLC purchased a new position in shares of Phillips Edison & Company, Inc. during the 2nd quarter worth $1,618,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Down 1.4%

Shares of Phillips Edison & Company, Inc. stock opened at $33.25 on Friday. The stock’s 50-day simple moving average is $34.50 and its 200-day simple moving average is $34.95. Phillips Edison & Company, Inc. has a 52 week low of $32.40 and a 52 week high of $40.12. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 60.45, a PEG ratio of 1.13 and a beta of 0.54.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.63 by $0.01. The business had revenue of $173.47 million for the quarter, compared to the consensus estimate of $174.38 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 10.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 earnings per share. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. On average, equities analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, November 4th. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.1083 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, October 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 236.36%.

Analyst Ratings Changes

Several brokerages have recently weighed in on PECO. LADENBURG THALM/SH SH started coverage on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, September 9th. They set a “buy” rating and a $40.00 price target on the stock. Wall Street Zen cut Phillips Edison & Company, Inc. from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research report on Wednesday. Mizuho reduced their price target on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, July 17th. Finally, Barclays boosted their price objective on Phillips Edison & Company, Inc. from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. presently has a consensus rating of “Hold” and an average target price of $39.17.

Phillips Edison & Company, Inc. Profile

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.