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

MCF Advisors LLC cut its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 19.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,528 shares of the company’s stock after selling 866 shares during the period. MCF Advisors LLC’s holdings in Phillips Edison & Company, Inc. were worth $133,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PECO. Blue Trust Inc. lifted its holdings in Phillips Edison & Company, Inc. by 15.5% in the third quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock worth $91,000 after acquiring an additional 325 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in Phillips Edison & Company, Inc. by 0.6% in the first quarter. Illinois Municipal Retirement Fund now owns 67,554 shares of the company’s stock worth $2,423,000 after buying an additional 372 shares during the period. Xponance Inc. lifted its stake in Phillips Edison & Company, Inc. by 6.3% in the second quarter. Xponance Inc. now owns 7,789 shares of the company’s stock valued at $255,000 after buying an additional 465 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Phillips Edison & Company, Inc. by 6.5% during the third quarter. Private Advisor Group LLC now owns 8,009 shares of the company’s stock valued at $302,000 after acquiring an additional 487 shares during the period. Finally, Maryland State Retirement & Pension System grew its position in shares of Phillips Edison & Company, Inc. by 1.2% during the first quarter. Maryland State Retirement & Pension System now owns 43,970 shares of the company’s stock worth $1,577,000 after acquiring an additional 502 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO stock traded down $0.70 during midday trading on Friday, reaching $36.31. 629,406 shares of the company were exchanged, compared to its average volume of 662,030. The company’s 50 day moving average price is $37.10 and its two-hundred day moving average price is $34.46. The company has a market cap of $4.44 billion, a P/E ratio of 78.93, a PEG ratio of 3.49 and a beta of 0.57. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $39.08.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its earnings results on Thursday, July 25th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.48). The firm had revenue of $161.52 million for the quarter, compared to the consensus estimate of $156.29 million. Phillips Edison & Company, Inc. had a return on equity of 2.23% and a net margin of 9.32%. Phillips Edison & Company, Inc.’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS. As a group, sell-side 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 company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Tuesday, October 15th. This is an increase from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. Phillips Edison & Company, Inc.’s payout ratio is currently 267.39%.

Analyst Ratings Changes

Several brokerages recently weighed in on PECO. Mizuho lifted their price objective on shares of Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Compass Point lifted their price target on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Finally, Wells Fargo & Company upgraded Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $34.00 to $37.00 in a research report on Wednesday, August 28th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $37.50.

Phillips Edison & Company, Inc. Profile

Phillips Edison & Company, Inc (PECO) is one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers.