Vanguard Group Inc. Grows Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Vanguard Group Inc. boosted its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,322,342 shares of the company’s stock after purchasing an additional 82,913 shares during the period. Vanguard Group Inc. owned approximately 0.16% of Phillips Edison & Company, Inc. worth $723,815,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PECO. Legacy Investment Solutions LLC acquired a new stake in shares of Phillips Edison & Company, Inc. during the 3rd quarter worth $36,000. Allworth Financial LP increased its stake in Phillips Edison & Company, Inc. by 94.6% during the fourth quarter. Allworth Financial LP now owns 1,621 shares of the company’s stock worth $58,000 after acquiring an additional 788 shares during the last quarter. Blue Trust Inc. increased its stake in Phillips Edison & Company, Inc. by 24.9% during the fourth quarter. Blue Trust Inc. now owns 3,023 shares of the company’s stock worth $113,000 after acquiring an additional 603 shares during the last quarter. Eukles Asset Management purchased a new position in shares of Phillips Edison & Company, Inc. in the 4th quarter worth about $156,000. Finally, KBC Group NV lifted its stake in shares of Phillips Edison & Company, Inc. by 13.4% in the 4th quarter. KBC Group NV now owns 4,424 shares of the company’s stock valued at $166,000 after purchasing an additional 522 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Mizuho cut 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 report on Tuesday, February 25th. Wells Fargo & Company cut their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.83.

Phillips Edison & Company, Inc. Trading Up 0.8 %

NASDAQ PECO opened at $35.96 on Monday. The stock has a market cap of $4.50 billion, a P/E ratio of 71.92, a PEG ratio of 1.70 and a beta of 0.57. The company’s fifty day simple moving average is $36.10 and its 200-day simple moving average is $37.26. Phillips Edison & Company, Inc. has a 52 week low of $30.62 and a 52 week high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates 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, research analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.1025 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.23 annualized dividend and a yield of 3.42%. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 246.00%.

Phillips Edison & Company, Inc. Company 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.