Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lifted its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 0.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,697 shares of the company’s stock after purchasing an additional 568 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Phillips Edison & Company, Inc. were worth $2,536,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in 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 worth $28,879,000 after purchasing an additional 615,076 shares in the last quarter. Duff & Phelps Investment Management Co. boosted 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 buying an additional 492,160 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of Phillips Edison & Company, Inc. by 578.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 139,146 shares of the company’s stock worth $5,247,000 after buying an additional 118,640 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Phillips Edison & Company, Inc. by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,094,331 shares of the company’s stock worth $78,977,000 after buying an additional 102,519 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of Phillips Edison & Company, Inc. by 3,092.8% during the third quarter. International Assets Investment Management LLC now owns 104,117 shares of the company’s stock worth $3,926,000 after buying an additional 100,856 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Down 0.4 %

Shares of Phillips Edison & Company, Inc. stock opened at $35.25 on Friday. The company has a fifty day simple moving average of $36.83 and a 200-day simple moving average of $37.29. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 70.50, a PEG ratio of 1.72 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 (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.50. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. On average, analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be paid a dividend of $0.1025 per share. The ex-dividend date is Monday, March 17th. This represents a $1.23 dividend on an annualized basis and a yield of 3.49%. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 246.00%.

Analyst Upgrades and Downgrades

PECO has been the subject of several analyst reports. Mizuho boosted 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 report on Tuesday, December 10th. JPMorgan Chase & Co. lowered their target price on shares of 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. Wells Fargo & Company dropped their target price on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Finally, Wolfe Research raised 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 report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.50.

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.