Barclays PLC raised its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 19.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 333,297 shares of the company's stock after buying an additional 53,865 shares during the period. Barclays PLC owned about 0.27% of Phillips Edison & Company, Inc. worth $12,486,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Phillips Edison & Company, Inc. by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 19,322,342 shares of the company's stock valued at $723,815,000 after purchasing an additional 82,913 shares during the last quarter. Wellington Management Group LLP grew its position in Phillips Edison & Company, Inc. by 2.2% in the 4th quarter. Wellington Management Group LLP now owns 7,537,917 shares of the company's stock valued at $282,370,000 after acquiring an additional 161,963 shares during the last quarter. FMR LLC boosted its holdings in shares of Phillips Edison & Company, Inc. by 14.6% in the fourth quarter. FMR LLC now owns 3,026,358 shares of the company's stock valued at $113,367,000 after purchasing an additional 385,983 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Phillips Edison & Company, Inc. by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,145,517 shares of the company's stock valued at $80,371,000 after buying an additional 51,186 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Phillips Edison & Company, Inc. by 53.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,737,423 shares of the company's stock valued at $65,084,000 after purchasing an additional 606,055 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.
Phillips Edison & Company, Inc. Trading Down 0.7 %
NASDAQ:PECO traded down $0.26 on Wednesday, reaching $35.79. The stock had a trading volume of 536,099 shares, compared to its average volume of 701,386. The company has a 50-day moving average of $35.62 and a 200 day moving average of $36.93. The stock has a market cap of $4.48 billion, a P/E ratio of 71.58, 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.
Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.62 earnings per share for the quarter, topping 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 analysts predict that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.
Phillips Edison & Company, Inc. Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Tuesday, April 15th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is 246.00%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on PECO shares. Mizuho reduced their target price on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th. Wells Fargo & Company cut their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. reduced their target price on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Phillips Edison & Company, Inc. currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.83.
Check Out Our Latest Report on Phillips Edison & Company, Inc.
Phillips Edison & Company, Inc. Company Profile
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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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