Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Sold by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. cut its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 18.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,982 shares of the company’s stock after selling 1,347 shares during the quarter. Barlow Wealth Partners Inc.’s holdings in Phillips Edison & Company, Inc. were worth $212,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Duff & Phelps Investment Management Co. acquired a new stake in shares of Phillips Edison & Company, Inc. during the second quarter valued at $32,120,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Phillips Edison & Company, Inc. by 408.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 765,822 shares of the company’s stock valued at $28,879,000 after purchasing an additional 615,076 shares during the last quarter. Millennium Management LLC purchased a new position in Phillips Edison & Company, Inc. in the 2nd quarter valued at about $8,397,000. Dimensional Fund Advisors LP boosted its stake in shares of Phillips Edison & Company, Inc. by 16.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,250,731 shares of the company’s stock worth $40,911,000 after purchasing an additional 179,775 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Phillips Edison & Company, Inc. by 578.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 139,146 shares of the company’s stock worth $5,247,000 after buying an additional 118,640 shares in the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Stock Up 1.7 %

NASDAQ:PECO opened at $36.41 on Wednesday. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $40.12. The firm’s 50 day moving average is $38.08 and its two-hundred day moving average is $36.97. The company has a market cap of $4.46 billion, a P/E ratio of 79.15, a P/E/G ratio of 3.13 and a beta of 0.59.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.52). The firm had revenue of $165.50 million for the quarter, compared to analysts’ expectations of $157.20 million. Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. Phillips Edison & Company, Inc.’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm posted $0.58 EPS. Research analysts forecast that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were issued a $0.1025 dividend. This is a positive change from Phillips Edison & Company, Inc.’s previous dividend of $0.10. The ex-dividend date of this dividend was Monday, December 16th. This represents a yield of 3.13%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 267.39%.

Analyst Ratings Changes

A number of analysts recently issued reports on PECO shares. Mizuho raised their target price on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. decreased their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Finally, Wolfe Research raised 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.50.

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.