Edgestream Partners L.P. Invests $3.73 Million in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Edgestream Partners L.P. purchased a new stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 99,621 shares of the company's stock, valued at approximately $3,732,000. Edgestream Partners L.P. owned 0.08% of Phillips Edison & Company, Inc. as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new stake in shares of Phillips Edison & Company, Inc. in the third quarter valued at $36,000. Allworth Financial LP lifted its stake in Phillips Edison & Company, Inc. by 94.6% in the fourth quarter. Allworth Financial LP now owns 1,621 shares of the company's stock worth $58,000 after purchasing an additional 788 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Phillips Edison & Company, Inc. by 24.9% during the fourth quarter. Blue Trust Inc. now owns 3,023 shares of the company's stock valued at $113,000 after buying an additional 603 shares during the period. KBC Group NV grew its stake in shares of Phillips Edison & Company, Inc. by 21.9% during the third quarter. KBC Group NV now owns 3,902 shares of the company's stock valued at $147,000 after buying an additional 700 shares during the last quarter. Finally, Eukles Asset Management purchased a new stake in shares of Phillips Edison & Company, Inc. in the fourth quarter worth approximately $156,000. 80.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PECO shares. Wells Fargo & Company decreased their target price on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price objective 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. Mizuho reduced their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th. Finally, Wolfe Research upgraded Phillips Edison & Company, Inc. from a "peer perform" rating to an "outperform" rating and set a $44.00 price target for the company in a report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $39.00.

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Phillips Edison & Company, Inc. Stock Performance

PECO traded down $0.24 on Wednesday, hitting $34.92. The company had a trading volume of 514,812 shares, compared to its average volume of 596,940. The stock has a fifty day moving average price of $36.37 and a 200-day moving average price of $37.42. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 69.84, a P/E/G ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping 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. Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be given a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Monday, March 17th. Phillips Edison & Company, Inc.'s dividend payout ratio is currently 246.00%.

Phillips Edison & Company, Inc. 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.