Certior Financial Group LLC Makes New Investment in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Certior Financial Group LLC bought a new position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 33,859 shares of the company's stock, valued at approximately $1,268,000. Phillips Edison & Company, Inc. makes up approximately 1.1% of Certior Financial Group LLC's investment portfolio, making the stock its 27th biggest position.

A number of other institutional investors also recently modified their holdings of the company. Arizona State Retirement System lifted its stake in shares of Phillips Edison & Company, Inc. by 0.8% in the 4th quarter. Arizona State Retirement System now owns 35,534 shares of the company's stock valued at $1,331,000 after purchasing an additional 290 shares during the period. M&T Bank Corp boosted its holdings in Phillips Edison & Company, Inc. by 2.9% during the third quarter. M&T Bank Corp now owns 10,883 shares of the company's stock worth $410,000 after purchasing an additional 307 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Phillips Edison & Company, Inc. by 0.3% in the 4th quarter. State of Alaska Department of Revenue now owns 128,465 shares of the company's stock valued at $4,811,000 after acquiring an additional 344 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Phillips Edison & Company, Inc. by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 20,185 shares of the company's stock worth $756,000 after purchasing an additional 510 shares during the last quarter. Finally, KBC Group NV increased its holdings in Phillips Edison & Company, Inc. by 13.4% during the fourth quarter. KBC Group NV now owns 4,424 shares of the company's stock worth $166,000 after buying an additional 522 shares during the last quarter. Institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Trading Up 1.5 %

NASDAQ:PECO traded up $0.53 on Friday, hitting $35.05. The company had a trading volume of 825,267 shares, compared to its average volume of 696,144. Phillips Edison & Company, Inc. has a 52 week low of $30.62 and a 52 week high of $40.12. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 70.10, a PEG ratio of 1.70 and a beta of 0.57. The firm has a 50 day moving average of $35.81 and a two-hundred day moving average of $37.00.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts forecast 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. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.1025 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.23 annualized dividend and a yield of 3.51%. Phillips Edison & Company, Inc.'s payout ratio is 246.00%.

Analysts Set New Price Targets

Several analysts have issued reports on PECO shares. Wells Fargo & Company dropped their price objective on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Mizuho decreased 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. Finally, JPMorgan Chase & Co. dropped their price target on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $38.83.

Phillips Edison & Company, Inc. 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.