AlphaQuest LLC Has $281,000 Stock Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

AlphaQuest LLC trimmed its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 86.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,509 shares of the company's stock after selling 47,843 shares during the period. AlphaQuest LLC's holdings in Phillips Edison & Company, Inc. were worth $281,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in shares of Phillips Edison & Company, Inc. in the third quarter valued at about $36,000. Allworth Financial LP raised its holdings in Phillips Edison & Company, Inc. by 94.6% in the 4th quarter. Allworth Financial LP now owns 1,621 shares of the company's stock valued at $58,000 after acquiring an additional 788 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Phillips Edison & Company, Inc. by 24.9% in the 4th 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 period. KBC Group NV raised its stake 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 in the last quarter. Finally, Eukles Asset Management bought a new position in Phillips Edison & Company, Inc. in the fourth quarter worth $156,000. Institutional investors own 80.70% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PECO. Mizuho lowered 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. JPMorgan Chase & Co. decreased 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. Finally, Wells Fargo & Company dropped their price target on shares of 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $39.00.

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Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ PECO traded up $0.02 during midday trading on Tuesday, reaching $35.15. 582,664 shares of the company traded hands, compared to its average volume of 606,368. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The stock's 50-day simple moving average is $36.19 and its 200-day simple moving average is $37.37. The firm has a market cap of $4.40 billion, a PE ratio of 70.30, a PEG ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a $0.1025 dividend. This represents a $1.23 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Monday, March 17th. Phillips Edison & Company, Inc.'s payout ratio is currently 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.