Cassady Schiller Wealth Management LLC bought a new stake in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,471 shares of the company's stock, valued at approximately $546,000.
A number of other large investors have also added to or reduced their stakes in PECO. Natixis Advisors LLC boosted its holdings in Phillips Edison & Company, Inc. by 132.6% in the third quarter. Natixis Advisors LLC now owns 43,782 shares of the company's stock valued at $1,651,000 after purchasing an additional 24,963 shares during the last quarter. Metis Global Partners LLC raised its position in shares of Phillips Edison & Company, Inc. by 29.8% in the 3rd quarter. Metis Global Partners LLC now owns 12,613 shares of the company's stock valued at $476,000 after purchasing an additional 2,893 shares in the last quarter. KBC Group NV boosted its stake in shares of Phillips Edison & Company, Inc. by 21.9% during the 3rd quarter. KBC Group NV now owns 3,902 shares of the company's stock valued at $147,000 after buying an additional 700 shares during the last quarter. First Heartland Consultants Inc. grew its position in shares of Phillips Edison & Company, Inc. by 12.3% during the third quarter. First Heartland Consultants Inc. now owns 10,663 shares of the company's stock worth $402,000 after buying an additional 1,170 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of Phillips Edison & Company, Inc. in the third quarter worth $712,000. 80.70% of the stock is owned by institutional investors and hedge funds.
Phillips Edison & Company, Inc. Price Performance
Shares of PECO traded up $0.37 during trading hours on Friday, reaching $39.01. 720,693 shares of the company's stock traded hands, compared to its average volume of 692,000. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $39.83. The business's fifty day simple moving average is $37.67 and its two-hundred day simple moving average is $35.04. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 84.80, a P/E/G ratio of 3.58 and a beta of 0.57.
Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.61 by ($0.52). Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. The company had revenue of $165.50 million during the quarter, compared to the consensus estimate of $157.20 million. During the same quarter in the prior year, the company earned $0.58 EPS. The business's quarterly revenue was up 8.5% on a year-over-year basis. On average, equities research analysts expect that Phillips Edison & Company, Inc. will post 2.42 EPS for the current year.
Phillips Edison & Company, Inc. Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Tuesday, February 18th. Phillips Edison & Company, Inc.'s dividend payout ratio is presently 267.39%.
Analyst Ratings Changes
A number of research firms have commented on PECO. 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 note on Wednesday. Mizuho lifted their price target on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an "outperform" rating in a research note on Monday, August 19th. Compass Point upped their price objective on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a "neutral" rating in a research note on Tuesday, September 10th. Finally, Wells Fargo & Company raised Phillips Edison & Company, Inc. from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $34.00 to $37.00 in a report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $38.43.
Get Our Latest Analysis on PECO
Phillips Edison & Company, Inc. Profile
(
Free Report)
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.
Featured Articles
Before you consider Phillips Edison & Company, Inc., you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Phillips Edison & Company, Inc. wasn't on the list.
While Phillips Edison & Company, Inc. currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
