Brookstone Capital Management Has $1.18 Million Stock Holdings in Phillips Edison & Company, Inc. $PECO

Brookstone Capital Management lessened its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 9.8% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 33,749 shares of the company’s stock after selling 3,666 shares during the quarter. Brookstone Capital Management’s holdings in Phillips Edison & Company, Inc. were worth $1,182,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PECO. Janney Montgomery Scott LLC acquired a new stake in shares of Phillips Edison & Company, Inc. during the 1st quarter worth about $1,002,000. Sumitomo Mitsui Trust Group Inc. raised its stake in Phillips Edison & Company, Inc. by 2.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 135,729 shares of the company’s stock worth $4,953,000 after purchasing an additional 2,785 shares in the last quarter. KBC Group NV raised its stake in Phillips Edison & Company, Inc. by 27.2% in the 1st quarter. KBC Group NV now owns 5,629 shares of the company’s stock worth $205,000 after purchasing an additional 1,205 shares in the last quarter. Ameritas Advisory Services LLC raised its stake in Phillips Edison & Company, Inc. by 4.1% in the 1st quarter. Ameritas Advisory Services LLC now owns 87,529 shares of the company’s stock worth $3,238,000 after purchasing an additional 3,422 shares in the last quarter. Finally, Rossby Financial LCC acquired a new stake in Phillips Edison & Company, Inc. in the 1st quarter worth about $105,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PECO shares. UBS Group started coverage on shares of Phillips Edison & Company, Inc. in a research note on Friday, October 17th. They issued a “neutral” rating and a $37.00 price objective for the company. Wells Fargo & Company started coverage on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $36.00 price objective for the company. Barclays lifted their price objective on shares of Phillips Edison & Company, Inc. from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, October 6th. Wall Street Zen cut shares of Phillips Edison & Company, Inc. from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Finally, LADENBURG THALM/SH SH started coverage on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, September 9th. They issued a “buy” rating and a $40.00 price objective for the company. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $38.86.

Phillips Edison & Company, Inc. Stock Up 0.7%

PECO stock opened at $34.66 on Friday. Phillips Edison & Company, Inc. has a 12 month low of $32.40 and a 12 month high of $40.12. The firm has a market cap of $4.35 billion, a P/E ratio of 52.52, a P/E/G ratio of 1.60 and a beta of 0.54. The company’s 50-day moving average price is $34.61 and its two-hundred day moving average price is $34.86.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its earnings results on Thursday, October 23rd. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. Phillips Edison & Company, Inc. had a net margin of 11.51% and a return on equity of 3.13%. The firm had revenue of $178.29 million for the quarter, compared to analyst estimates of $177.19 million. During the same period last year, the firm earned $0.62 EPS. The business’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. Equities analysts predict 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, November 4th. Investors of record on Wednesday, October 15th will be issued a dividend of $0.1083 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 3.7%. Phillips Edison & Company, Inc.’s payout ratio is 236.36%.

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.