Stonebridge Financial Group LLC Acquires Shares of 10,731 Phillips Edison & Company, Inc. (NASDAQ:PECO)

Stonebridge Financial Group LLC bought a new position in Phillips Edison & Company, Inc. (NASDAQ:PECO) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 10,731 shares of the company’s stock, valued at approximately $402,000.

Several other hedge funds have also recently made changes to their positions in PECO. V Square Quantitative Management LLC bought a new stake in Phillips Edison & Company, Inc. during the third quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new position in shares of Phillips Edison & Company, Inc. during the 3rd quarter valued at approximately $36,000. Blue Trust Inc. increased its position in shares of Phillips Edison & Company, Inc. by 15.5% during the 3rd quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock valued at $91,000 after purchasing an additional 325 shares during the last quarter. Tsfg LLC bought a new stake in Phillips Edison & Company, Inc. in the third quarter worth $127,000. Finally, KBC Group NV lifted its position in Phillips Edison & Company, Inc. by 21.9% in the third quarter. KBC Group NV now owns 3,902 shares of the company’s stock worth $147,000 after buying an additional 700 shares during the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Price Performance

Phillips Edison & Company, Inc. stock opened at $37.12 on Wednesday. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 74.24, a price-to-earnings-growth ratio of 1.76 and a beta of 0.58. The firm has a 50-day moving average of $37.30 and a two-hundred day moving average of $37.25. 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 announced its quarterly earnings results on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.50. Phillips Edison & Company, Inc. had a return on equity of 2.40% and a net margin of 9.48%. Research analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were given a dividend of $0.1025 per share. This is an increase from Phillips Edison & Company, Inc.’s previous dividend of $0.10. The ex-dividend date was Monday, December 16th. This represents a dividend yield of 3.13%. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 246.00%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PECO. JPMorgan Chase & Co. reduced their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Wells Fargo & Company reduced their price objective on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Mizuho boosted their target price 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. Finally, Wolfe Research raised Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.