Amundi grew its position in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 47.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,718 shares of the company's stock after purchasing an additional 41,595 shares during the quarter. Amundi owned approximately 0.11% of Phillips Edison & Company, Inc. worth $4,748,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in Phillips Edison & Company, Inc. in the 4th quarter valued at $488,000. Barclays PLC grew its position in shares of Phillips Edison & Company, Inc. by 49.2% in the third quarter. Barclays PLC now owns 279,432 shares of the company's stock valued at $10,538,000 after purchasing an additional 92,129 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Phillips Edison & Company, Inc. by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,145,517 shares of the company's stock worth $80,371,000 after purchasing an additional 51,186 shares during the period. Duff & Phelps Investment Management Co. lifted its position in shares of Phillips Edison & Company, Inc. by 50.1% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,474,130 shares of the company's stock worth $55,589,000 after purchasing an additional 492,160 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Phillips Edison & Company, Inc. by 3.0% during the 4th 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 institutional investors and hedge funds.
Phillips Edison & Company, Inc. Stock Down 0.0 %
Phillips Edison & Company, Inc. stock traded down $0.01 on Wednesday, hitting $35.14. The company's stock had a trading volume of 307,225 shares, compared to its average volume of 590,846. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $40.12. The firm has a market cap of $4.40 billion, a P/E ratio of 70.29, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57. The company has a fifty day moving average price of $36.16 and a 200-day moving average price of $37.35.
Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its 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 anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.
Phillips Edison & Company, Inc. Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a $0.1025 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.50%. Phillips Edison & Company, Inc.'s payout ratio is presently 246.00%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on PECO shares. Mizuho dropped 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. JPMorgan Chase & Co. dropped their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Finally, Wells Fargo & Company reduced their target price 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 note on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Phillips Edison & Company, Inc. currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.
View Our Latest Report on Phillips Edison & Company, Inc.
About Phillips Edison & Company, Inc.
(
Free Report)
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.
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