Charles Schwab Investment Management Inc. Has $78.98 Million Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Charles Schwab Investment Management Inc. lifted its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 5.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,094,331 shares of the company's stock after purchasing an additional 102,519 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.71% of Phillips Edison & Company, Inc. worth $78,977,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Duff & Phelps Investment Management Co. purchased a new stake in shares of Phillips Edison & Company, Inc. during the 2nd quarter worth approximately $32,120,000. Cetera Investment Advisers boosted its position in shares of Phillips Edison & Company, Inc. by 240.9% in the 1st quarter. Cetera Investment Advisers now owns 1,170,077 shares of the company's stock worth $41,971,000 after buying an additional 826,891 shares in the last quarter. Cetera Advisors LLC grew its position in shares of Phillips Edison & Company, Inc. by 60.4% in the first quarter. Cetera Advisors LLC now owns 791,147 shares of the company's stock valued at $28,378,000 after purchasing an additional 297,945 shares during the last quarter. Millennium Management LLC acquired a new stake in Phillips Edison & Company, Inc. during the 2nd quarter valued at $8,397,000. Finally, Dimensional Fund Advisors LP increased its position in Phillips Edison & Company, Inc. by 16.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,250,731 shares of the company's stock worth $40,911,000 after purchasing an additional 179,775 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PECO shares. Wells Fargo & Company raised Phillips Edison & Company, Inc. from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $34.00 to $37.00 in a research report on Wednesday, August 28th. Compass Point boosted their price objective on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a "neutral" rating in a report on Tuesday, September 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 target on the stock in a research report on Wednesday, November 13th. Finally, Mizuho increased their price objective on shares of Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an "outperform" rating in a report on Monday, August 19th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. has a consensus rating of "Hold" and a consensus price target of $38.43.

Phillips Edison & Company, Inc. Price Performance

Shares of PECO traded up $0.37 during mid-day trading on Thursday, hitting $39.80. The company's stock had a trading volume of 605,202 shares, compared to its average volume of 668,568. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 86.52, a PEG ratio of 3.61 and a beta of 0.57. The firm has a 50-day moving average price of $37.84 and a 200 day moving average price of $35.39. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $165.50 million for the quarter, compared to analysts' expectations of $157.20 million. During the same period last year, the firm earned $0.58 EPS. The company's revenue was up 8.5% compared to the same quarter last year. As a group, equities analysts anticipate that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a $0.1025 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.09%. Phillips Edison & Company, Inc.'s payout ratio is presently 267.39%.

Phillips Edison & Company, Inc. Company 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.