B&I Capital AG Has $9.70 Million Stock Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

B&I Capital AG raised its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 21.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 259,045 shares of the company's stock after buying an additional 46,500 shares during the quarter. Phillips Edison & Company, Inc. comprises 3.2% of B&I Capital AG's investment portfolio, making the stock its 13th largest holding. B&I Capital AG owned approximately 0.21% of Phillips Edison & Company, Inc. worth $9,704,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in Phillips Edison & Company, Inc. during the 4th quarter valued at $488,000. Barclays PLC lifted its stake 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 buying an additional 92,129 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Phillips Edison & Company, Inc. by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,094,331 shares of the company's stock valued at $78,977,000 after buying an additional 102,519 shares during the period. Duff & Phelps Investment Management Co. grew its position in Phillips Edison & Company, Inc. by 50.1% during the third quarter. Duff & Phelps Investment Management Co. now owns 1,474,130 shares of the company's stock worth $55,589,000 after buying an additional 492,160 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Phillips Edison & Company, Inc. by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 595,165 shares of the company's stock valued at $22,295,000 after acquiring an additional 17,235 shares during the period. 80.70% of the stock is owned by institutional investors.

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Phillips Edison & Company, Inc. Stock Down 1.6 %

NASDAQ:PECO traded down $0.58 on Thursday, reaching $36.15. The stock had a trading volume of 488,343 shares, compared to its average volume of 583,271. The company has a market capitalization of $4.53 billion, a P/E ratio of 72.30, a price-to-earnings-growth ratio of 1.70 and a beta of 0.58. The stock has a fifty day moving average price of $36.53 and a 200-day moving average price of $37.41. Phillips Edison & Company, Inc. has a 1-year low of $30.62 and a 1-year high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.50. Phillips Edison & Company, Inc. had a return on equity of 2.40% and a net margin of 9.48%. Sell-side analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently declared 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. The ex-dividend date is Monday, March 17th. This represents a $1.23 annualized dividend and a yield of 3.40%. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is 246.00%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Mizuho reduced their price objective on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating for the company in a research report on Tuesday, February 25th. 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 for the company in a research note on Wednesday, November 13th. Wells Fargo & Company decreased their target price on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. dropped their price target 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Phillips Edison & Company, Inc. presently has an average rating of "Moderate Buy" and an average target price of $39.00.

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.