Barclays PLC Purchases 92,129 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Barclays PLC raised its position in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 49.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 279,432 shares of the company's stock after buying an additional 92,129 shares during the period. Barclays PLC owned 0.23% of Phillips Edison & Company, Inc. worth $10,538,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PECO. 1620 Investment Advisors Inc. bought a new position in Phillips Edison & Company, Inc. in the 2nd quarter worth approximately $26,000. V Square Quantitative Management LLC bought a new position in Phillips Edison & Company, Inc. in the 3rd quarter valued at $28,000. Legacy Investment Solutions LLC bought a new position in Phillips Edison & Company, Inc. in the 3rd quarter valued at $36,000. Hobbs Group Advisors LLC bought a new position in Phillips Edison & Company, Inc. in the 2nd quarter valued at $39,000. Finally, Blue Trust Inc. boosted its holdings in Phillips Edison & Company, Inc. by 160.2% in the 2nd quarter. Blue Trust Inc. now owns 2,095 shares of the company's stock valued at $75,000 after purchasing an additional 1,290 shares during the period. Hedge funds and other institutional investors own 80.70% of the company's stock.

Analysts Set New Price Targets

PECO has been the subject of several analyst reports. Compass Point raised their price target on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a "neutral" rating in a report on Tuesday, September 10th. Mizuho raised their price objective on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. Wolfe Research upgraded shares of Phillips Edison & Company, Inc. from a "peer perform" rating to an "outperform" rating and set a $44.00 price objective on the stock in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company upgraded shares of Phillips Edison & Company, Inc. from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $34.00 to $37.00 in a research report on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Phillips Edison & Company, Inc. currently has a consensus rating of "Moderate Buy" and an average price target of $39.00.

Phillips Edison & Company, Inc. Trading Down 0.8 %

Shares of Phillips Edison & Company, Inc. stock traded down $0.32 on Tuesday, hitting $38.96. 552,238 shares of the company traded hands, compared to its average volume of 670,764. The firm's 50-day simple moving average is $38.35 and its 200 day simple moving average is $36.13. The company has a market cap of $4.78 billion, a P/E ratio of 84.70, a P/E/G ratio of 3.60 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 issued its earnings results on Thursday, October 24th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.52). The business had revenue of $165.50 million during the quarter, compared to analysts' expectations of $157.20 million. Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. Phillips Edison & Company, Inc.'s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 EPS. Analysts predict that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current year.

Phillips Edison & Company, Inc. Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 17th will be given a $0.1025 dividend. This represents a yield of 3.13%. The ex-dividend date of this dividend is Monday, December 16th. This is a boost from Phillips Edison & Company, Inc.'s previous dividend of $0.10. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is presently 267.39%.

Phillips Edison & Company, Inc. Profile

Phillips Edison & Company, Inc (PECO) is one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers.