Dark Forest Capital Management LP Invests $849,000 in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Dark Forest Capital Management LP bought a new position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 22,666 shares of the company's stock, valued at approximately $849,000.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC raised its holdings in shares of 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 acquiring an additional 92,129 shares during the period. Synovus Financial Corp bought a new position in Phillips Edison & Company, Inc. during the 3rd quarter worth about $376,000. Brass Tax Wealth Management Inc. acquired a new stake in shares of Phillips Edison & Company, Inc. in the 3rd quarter valued at about $378,000. Harbor Capital Advisors Inc. lifted its holdings in shares of 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 valued at $2,715,000 after purchasing an additional 594 shares in the last quarter. Finally, Foresight Group Ltd Liability Partnership acquired a new position in shares of Phillips Edison & Company, Inc. during the fourth quarter worth about $1,322,000. Institutional investors own 80.70% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on PECO shares. JPMorgan Chase & Co. lowered their target price on 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. Mizuho dropped their price objective on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company decreased their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $38.83.

Phillips Edison & Company, Inc. Stock Performance

PECO stock traded down $0.07 during mid-day trading on Monday, hitting $35.01. The company had a trading volume of 847,474 shares, compared to its average volume of 706,728. The firm has a market cap of $4.38 billion, a PE ratio of 70.02, a price-to-earnings-growth ratio of 1.70 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. The stock's fifty day moving average price is $35.57 and its two-hundred day moving average price is $36.92.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.02. Phillips Edison & Company, Inc. had a return on equity of 2.40% and a net margin of 9.48%. The firm had revenue of $178.31 million for the quarter, compared to the consensus estimate of $170.59 million. During the same quarter in the prior year, the business posted $0.60 earnings per share. The business's quarterly revenue was up 10.2% on a year-over-year basis. Equities analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business 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. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Tuesday, April 15th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is presently 215.79%.

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.