Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC lessened its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 7.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 7,363 shares of the company’s stock after selling 583 shares during the period. Advisory Services Network LLC’s holdings in Phillips Edison & Company, Inc. were worth $276,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter worth approximately $55,977,000. JPMorgan Chase & Co. raised its position in Phillips Edison & Company, Inc. by 53.6% during the 4th quarter. JPMorgan Chase & Co. now owns 1,737,423 shares of the company’s stock worth $65,084,000 after buying an additional 606,055 shares during the last quarter. ExodusPoint Capital Management LP lifted its stake in shares of Phillips Edison & Company, Inc. by 341.1% in the 4th quarter. ExodusPoint Capital Management LP now owns 499,336 shares of the company’s stock worth $18,705,000 after acquiring an additional 386,145 shares during the period. FMR LLC boosted its holdings in shares of Phillips Edison & Company, Inc. by 14.6% in the fourth quarter. FMR LLC now owns 3,026,358 shares of the company’s stock valued at $113,367,000 after acquiring an additional 385,983 shares in the last quarter. Finally, Aew Capital Management L P boosted its holdings in shares of Phillips Edison & Company, Inc. by 47.0% in the fourth quarter. Aew Capital Management L P now owns 627,889 shares of the company’s stock valued at $23,521,000 after acquiring an additional 200,819 shares in the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Stock Performance

PECO opened at $36.18 on Friday. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 72.36, a PEG ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $40.12. The business’s fifty day moving average is $35.69 and its two-hundred day moving average is $36.95.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.62 EPS for the quarter, topping 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 predict that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.1025 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.40%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 246.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Mizuho reduced their price objective on shares of 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. JPMorgan Chase & Co. dropped their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Finally, Wells Fargo & Company reduced their target price on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.83.

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.