TCW Group Inc. Purchases Shares of 22,996 Phillips Edison & Company, Inc. (NASDAQ:PECO)

TCW Group Inc. bought a new position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 22,996 shares of the company's stock, valued at approximately $861,000.

Other large investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in Phillips Edison & Company, Inc. during the 3rd quarter valued at about $36,000. Allworth Financial LP increased its position in shares of 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 period. Blue Trust Inc. raised its stake in shares of Phillips Edison & Company, Inc. by 15.5% during the third quarter. Blue Trust Inc. now owns 2,420 shares of the company's stock valued at $91,000 after acquiring an additional 325 shares in the last quarter. KBC Group NV boosted its holdings in shares of Phillips Edison & Company, Inc. by 21.9% in the third quarter. KBC Group NV now owns 3,902 shares of the company's stock valued at $147,000 after purchasing an additional 700 shares during the period. Finally, Eukles Asset Management purchased a new stake in shares of Phillips Edison & Company, Inc. in the fourth quarter valued at approximately $156,000. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Stock Performance

PECO traded up $0.89 on Friday, hitting $37.20. The company had a trading volume of 1,047,134 shares, compared to its average volume of 579,744. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 74.40, a P/E/G ratio of 1.70 and a beta of 0.58. The stock has a fifty day moving average price of $36.63 and a 200-day moving average price of $37.33. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12.

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Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its quarterly earnings results 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%. Analysts forecast 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 Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.1025 per share. The ex-dividend date is Monday, March 17th. This represents a $1.23 annualized dividend and a dividend yield of 3.31%. Phillips Edison & Company, Inc.'s dividend payout ratio is presently 246.00%.

Wall Street Analyst Weigh In

Several research analysts have commented on PECO shares. Mizuho reduced their price objective on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a report on Tuesday. Wolfe Research raised shares of Phillips Edison & Company, Inc. from a "peer perform" rating to an "outperform" rating and set a $44.00 price objective for the company in a research note on Wednesday, November 13th. Wells Fargo & Company dropped their target price on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. cut 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 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $39.00.

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.