Metis Global Partners LLC Purchases 1,434 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Metis Global Partners LLC grew its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 11.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,047 shares of the company’s stock after purchasing an additional 1,434 shares during the period. Metis Global Partners LLC’s holdings in Phillips Edison & Company, Inc. were worth $526,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in Phillips Edison & Company, Inc. during the fourth quarter worth about $488,000. Barclays PLC lifted its stake in shares of Phillips Edison & Company, Inc. by 49.2% in the 3rd quarter. Barclays PLC now owns 279,432 shares of the company’s stock valued at $10,538,000 after acquiring an additional 92,129 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Phillips Edison & Company, Inc. by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,094,331 shares of the company’s stock valued at $78,977,000 after acquiring an additional 102,519 shares during the last quarter. Duff & Phelps Investment Management Co. lifted its stake in shares of Phillips Edison & Company, Inc. by 50.1% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,474,130 shares of the company’s stock valued at $55,589,000 after acquiring an additional 492,160 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Phillips Edison & Company, Inc. by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 595,165 shares of the company’s stock valued at $22,295,000 after acquiring an additional 17,235 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PECO. JPMorgan Chase & Co. lowered their target price on 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. Wolfe Research raised 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 research note on Wednesday, November 13th. Wells Fargo & Company lowered their target price on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Finally, Mizuho lowered their price target on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. Three equities 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Phillips Edison & Company, Inc. Stock Performance

NASDAQ PECO opened at $36.73 on Thursday. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $40.12. The stock has a 50 day simple moving average of $36.53 and a two-hundred day simple moving average of $37.41. The stock has a market cap of $4.60 billion, a P/E ratio of 73.46, a price-to-earnings-growth ratio of 1.70 and a beta of 0.58.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate 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%. Sell-side analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be paid a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Monday, March 17th. Phillips Edison & Company, Inc.’s payout ratio is presently 246.00%.

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.