SG Americas Securities LLC Makes New Investment in Phillips Edison & Company, Inc. $PECO

SG Americas Securities LLC bought a new position in Phillips Edison & Company, Inc. (NASDAQ:PECO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 23,842 shares of the company’s stock, valued at approximately $818,000.

A number of other large investors have also modified their holdings of PECO. Assetmark Inc. acquired a new position in Phillips Edison & Company, Inc. during the 2nd quarter worth approximately $28,000. EverSource Wealth Advisors LLC raised its stake in shares of Phillips Edison & Company, Inc. by 49.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,604 shares of the company’s stock valued at $91,000 after purchasing an additional 865 shares during the period. Beacon Capital Management Inc. purchased a new stake in shares of Phillips Edison & Company, Inc. during the second quarter valued at approximately $106,000. State of Wyoming acquired a new position in shares of Phillips Edison & Company, Inc. during the second quarter worth $110,000. Finally, FSC Wealth Advisors LLC boosted its stake 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 period. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, October 21st. They set an “equal weight” rating and a $36.00 price target on the stock. UBS Group raised their target price on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Morgan Stanley lifted their target price on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. Wall Street Zen raised Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Evercore ISI started coverage on Phillips Edison & Company, Inc. in a research note on Thursday, January 15th. They set an “outperform” rating and a $41.00 price objective for the company. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $38.86.

Phillips Edison & Company, Inc. Stock Performance

Shares of Phillips Edison & Company, Inc. stock opened at $35.71 on Wednesday. The firm has a market cap of $4.49 billion, a PE ratio of 54.11, a price-to-earnings-growth ratio of 1.41 and a beta of 0.53. The firm’s 50-day simple moving average is $35.24 and its 200-day simple moving average is $34.74. 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 posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.44). The firm had revenue of $182.67 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $0.62 earnings per share. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.620-0.650 EPS. On average, equities analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a $0.1083 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, February 17th. Phillips Edison & Company, Inc.’s payout ratio is 196.97%.

Phillips Edison & Company, Inc. 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.