J.W. Cole Advisors Inc. Sells 3,856 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

J.W. Cole Advisors Inc. reduced its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 5.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,755 shares of the company’s stock after selling 3,856 shares during the quarter. J.W. Cole Advisors Inc. owned 0.06% of Phillips Edison & Company, Inc. worth $2,593,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PECO. V Square Quantitative Management LLC bought a new stake in shares of Phillips Edison & Company, Inc. in the third quarter valued at about $28,000. 1620 Investment Advisors Inc. acquired a new stake in Phillips Edison & Company, Inc. in the 2nd quarter valued at approximately $26,000. Hobbs Group Advisors LLC bought a new stake in Phillips Edison & Company, Inc. in the 2nd quarter valued at approximately $39,000. PFG Private Wealth Management LLC acquired a new position in Phillips Edison & Company, Inc. during the 2nd quarter worth approximately $62,000. Finally, Blue Trust Inc. grew its stake in shares of Phillips Edison & Company, Inc. by 160.2% during the 2nd quarter. Blue Trust Inc. now owns 2,095 shares of the company’s stock worth $75,000 after acquiring an additional 1,290 shares in the last quarter. 80.70% of the stock is owned by institutional investors.

Phillips Edison & Company, Inc. Trading Down 1.9 %

NASDAQ PECO opened at $36.31 on Monday. The firm has a market capitalization of $4.44 billion, a P/E ratio of 78.93, a price-to-earnings-growth ratio of 3.49 and a beta of 0.57. The firm’s fifty day moving average price is $37.10 and its two-hundred day moving average price is $34.46. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $39.08.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results on Thursday, October 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.52). Phillips Edison & Company, Inc. had a net margin of 9.32% and a return on equity of 2.23%. The firm had revenue of $165.50 million during the quarter, compared to the consensus estimate of $157.20 million. During the same period in the previous year, the company posted $0.58 earnings per share. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, research analysts anticipate that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.39%. This is a boost from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. The ex-dividend date is Tuesday, October 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 267.39%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PECO. Wells Fargo & Company raised shares of 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. Mizuho boosted their price target on shares of Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Finally, Compass Point raised their price objective 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Phillips Edison & Company, Inc. currently has an average rating of “Hold” and a consensus price target of $37.50.

About Phillips Edison & Company, Inc.

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.