Curi RMB Capital LLC Sells 412 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Curi RMB Capital LLC reduced its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 1.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,446 shares of the company’s stock after selling 412 shares during the period. Curi RMB Capital LLC’s holdings in Phillips Edison & Company, Inc. were worth $841,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Phillips Edison & Company, Inc. by 49.2% in the third 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. Synovus Financial Corp bought a new position in Phillips Edison & Company, Inc. in the 3rd quarter valued at $376,000. Brass Tax Wealth Management Inc. bought a new position in Phillips Edison & Company, Inc. in the 3rd quarter valued at $378,000. Harbor Capital Advisors Inc. boosted its stake in Phillips Edison & Company, Inc. by 0.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 72,465 shares of the company’s stock worth $2,715,000 after purchasing an additional 594 shares in the last quarter. Finally, Foresight Group Ltd Liability Partnership bought a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter worth $1,322,000. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PECO shares. Mizuho reduced their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company lowered their price target on shares of 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Phillips Edison & Company, Inc. has an average rating of “Moderate Buy” and an average target price of $38.83.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO stock opened at $36.18 on Monday. The firm’s 50 day moving average price is $35.69 and its two-hundred day moving average price is $36.95. Phillips Edison & Company, Inc. has a 52-week low of $30.62 and a 52-week high of $40.12. The stock has a market cap of $4.53 billion, a PE ratio of 72.36, a PEG ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates 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%. As a group, sell-side analysts predict 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 Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given 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 is 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.