Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Acquired by LexAurum Advisors LLC

LexAurum Advisors LLC boosted its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 10.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,894 shares of the company’s stock after purchasing an additional 636 shares during the quarter. LexAurum Advisors LLC’s holdings in Phillips Edison & Company, Inc. were worth $258,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new position in shares of Phillips Edison & Company, Inc. in the 3rd quarter valued at $28,000. Legacy Investment Solutions LLC acquired a new position in Phillips Edison & Company, Inc. in the third quarter valued at $36,000. Blue Trust Inc. grew its holdings in shares of Phillips Edison & Company, Inc. by 15.5% during the third quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock worth $91,000 after purchasing an additional 325 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Phillips Edison & Company, Inc. by 31.8% during the third quarter. GAMMA Investing LLC now owns 3,330 shares of the company’s stock worth $126,000 after purchasing an additional 803 shares in the last quarter. Finally, Tsfg LLC acquired a new stake in shares of Phillips Edison & Company, Inc. during the third quarter worth about $127,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Stock Performance

Shares of Phillips Edison & Company, Inc. stock opened at $36.62 on Friday. The company has a market cap of $4.49 billion, a P/E ratio of 79.61, a PEG ratio of 3.13 and a beta of 0.59. The firm has a fifty day moving average of $37.92 and a two-hundred day moving average of $36.99. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.52). Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. The firm had revenue of $165.50 million during the quarter, compared to analyst estimates of $157.20 million. During the same quarter in the previous year, the business earned $0.58 EPS. Phillips Edison & Company, Inc.’s revenue for the quarter was up 8.5% on a year-over-year basis. As a group, equities analysts predict that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current year.

Phillips Edison & Company, Inc. Increases Dividend

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

Wall Street Analyst Weigh In

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

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.