Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC reduced its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 23.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,107 shares of the company’s stock after selling 25,461 shares during the quarter. Ameritas Advisory Services LLC owned 0.07% of Phillips Edison & Company, Inc. worth $3,151,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Phillips Edison & Company, Inc. during the third quarter valued at approximately $28,000. Legacy Investment Solutions LLC purchased a new position in Phillips Edison & Company, Inc. during the third quarter valued at approximately $36,000. Blue Trust Inc. raised its position in Phillips Edison & Company, Inc. by 15.5% during the third quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock valued at $91,000 after acquiring an additional 325 shares in the last quarter. GAMMA Investing LLC raised its position in Phillips Edison & Company, Inc. by 31.8% during the third quarter. GAMMA Investing LLC now owns 3,330 shares of the company’s stock valued at $126,000 after acquiring an additional 803 shares in the last quarter. Finally, Tsfg LLC purchased a new position in Phillips Edison & Company, Inc. during the third quarter valued at approximately $127,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Mizuho boosted their price objective on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. cut their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Wolfe Research upgraded Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.50.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO opened at $35.79 on Monday. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $40.12. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 77.80, a PEG ratio of 2.94 and a beta of 0.59. The stock has a 50 day moving average price of $38.21 and a 200 day moving average price of $36.93.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.52). Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The firm had revenue of $165.50 million for the quarter, compared to analysts’ expectations of $157.20 million. During the same quarter in the previous year, the firm posted $0.58 earnings per share. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, analysts predict that Phillips Edison & Company, Inc. will post 2.43 earnings per share for the current year.

Phillips Edison & Company, Inc. Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.1025 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a yield of 3.13%. This is a positive change from Phillips Edison & Company, Inc.’s previous dividend of $0.10. Phillips Edison & Company, Inc.’s payout ratio is 267.39%.

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.