Headlands Technologies LLC Invests $396,000 in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Headlands Technologies LLC acquired a new position in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,573 shares of the company's stock, valued at approximately $396,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Allspring Global Investments Holdings LLC purchased a new stake in Phillips Edison & Company, Inc. during the 4th quarter valued at about $488,000. Barclays PLC boosted its stake in Phillips Edison & Company, Inc. by 49.2% during the third quarter. Barclays PLC now owns 279,432 shares of the company's stock worth $10,538,000 after buying an additional 92,129 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Phillips Edison & Company, Inc. by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,517 shares of the company's stock valued at $80,371,000 after buying an additional 51,186 shares in the last quarter. Duff & Phelps Investment Management Co. increased 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 worth $55,589,000 after acquiring an additional 492,160 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Phillips Edison & Company, Inc. by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 595,165 shares of the company's stock valued at $22,295,000 after purchasing an additional 17,235 shares during the period. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

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Phillips Edison & Company, Inc. Price Performance

Phillips Edison & Company, Inc. stock traded up $1.39 during mid-day trading on Wednesday, hitting $34.92. 2,271,157 shares of the company were exchanged, compared to its average volume of 692,504. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12. The company has a market capitalization of $4.37 billion, a P/E ratio of 69.84, a PEG ratio of 1.70 and a beta of 0.57. The business's 50 day simple moving average is $35.87 and its two-hundred day simple moving average is $37.05.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) 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%. Equities research analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a $0.1025 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.23 annualized dividend and a yield of 3.52%. Phillips Edison & Company, Inc.'s payout ratio is currently 246.00%.

Analysts Set New Price Targets

PECO has been the subject of several analyst reports. Wells Fargo & Company lowered their price objective on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Mizuho reduced their price objective 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. Finally, JPMorgan Chase & Co. dropped 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.83.

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.