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

Mutual Advisors LLC grew its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 1.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 51,891 shares of the company’s stock after buying an additional 618 shares during the period. Mutual Advisors LLC’s holdings in Phillips Edison & Company, Inc. were worth $1,864,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in PECO. Duff & Phelps Investment Management Co. purchased a new stake in shares of Phillips Edison & Company, Inc. during the 2nd quarter valued at $32,120,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Phillips Edison & Company, Inc. by 408.0% during 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 buying an additional 615,076 shares during the period. Millennium Management LLC purchased a new stake in Phillips Edison & Company, Inc. during the 2nd quarter worth $8,397,000. Dimensional Fund Advisors LP boosted its position in 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 period. Finally, Jacobs Levy Equity Management Inc. boosted its position in Phillips Edison & Company, Inc. by 578.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 139,146 shares of the company’s stock worth $5,247,000 after purchasing an additional 118,640 shares during the period. 80.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on PECO shares. 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 report on Tuesday, January 7th. Wolfe Research raised shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price target for the company in a research report on Wednesday, November 13th. Finally, Mizuho upped their price target 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Phillips Edison & Company, Inc. currently has an average rating of “Moderate Buy” and a consensus target price of $39.50.

Phillips Edison & Company, Inc. Price Performance

NASDAQ:PECO opened at $36.62 on Friday. The firm has a 50-day moving average of $37.92 and a two-hundred day moving average of $36.99. The stock 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. Phillips Edison & Company, Inc. has a 1-year low of $30.62 and a 1-year high of $40.12.

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

Phillips Edison & Company, Inc. Increases Dividend

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

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.