8,442 Shares in Phillips Edison & Company, Inc. (NASDAQ:PECO) Acquired by Centiva Capital LP

Centiva Capital LP acquired a new stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,442 shares of the company’s stock, valued at approximately $318,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Beck Capital Management LLC acquired a new stake in Phillips Edison & Company, Inc. in the third quarter valued at approximately $406,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Phillips Edison & Company, Inc. in the third quarter valued at approximately $241,000. Point72 Hong Kong Ltd acquired a new stake in Phillips Edison & Company, Inc. in the third quarter valued at approximately $192,000. Plotkin Financial Advisors LLC acquired a new stake in Phillips Edison & Company, Inc. in the third quarter valued at approximately $275,000. Finally, Verition Fund Management LLC grew its stake in Phillips Edison & Company, Inc. by 191.3% in the third quarter. Verition Fund Management LLC now owns 22,802 shares of the company’s stock valued at $860,000 after acquiring an additional 14,975 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Wolfe Research upgraded Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a report on Wednesday, November 13th. Mizuho raised their target price on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an “outperform” rating in a report on Tuesday. Wells Fargo & Company upgraded Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $34.00 to $37.00 in a report on Wednesday, August 28th. Finally, Compass Point raised their target price 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $39.14.

Phillips Edison & Company, Inc. Trading Down 0.5 %

Shares of Phillips Edison & Company, Inc. stock opened at $39.02 on Wednesday. The business’s fifty day simple moving average is $38.08 and its 200 day simple moving average is $35.86. The firm has a market capitalization of $4.78 billion, a P/E ratio of 84.83, a price-to-earnings-growth ratio of 3.61 and a beta of 0.57. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.52). The business had revenue of $165.50 million for the quarter, compared to the consensus estimate of $157.20 million. Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.58 earnings per share. Analysts predict that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a $0.1025 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.23 annualized dividend and a dividend yield of 3.15%. Phillips Edison & Company, Inc.’s payout ratio is presently 267.39%.

Phillips Edison & Company, Inc. Company 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.