Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,145,517 shares of the company's stock after acquiring an additional 51,186 shares during the period. Charles Schwab Investment Management Inc. owned 1.75% of Phillips Edison & Company, Inc. worth $80,371,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PECO. M&T Bank Corp increased its stake in shares of 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 valued at $410,000 after buying an additional 307 shares during the period. State of Alaska Department of Revenue grew its stake in Phillips Edison & Company, Inc. by 0.3% during 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 purchasing an additional 344 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Phillips Edison & Company, Inc. by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 20,185 shares of the company's stock worth $756,000 after acquiring an additional 510 shares during the period. KBC Group NV grew its stake in shares of Phillips Edison & Company, Inc. by 13.4% during the 4th quarter. KBC Group NV now owns 4,424 shares of the company's stock worth $166,000 after purchasing an additional 522 shares during the period. Finally, Atria Wealth Solutions Inc. increased its holdings in shares of Phillips Edison & Company, Inc. by 0.8% during the 4th quarter. Atria Wealth Solutions Inc. now owns 67,697 shares of the company's stock valued at $2,536,000 after purchasing an additional 568 shares in the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

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Phillips Edison & Company, Inc. Trading Down 0.0 %

Phillips Edison & Company, Inc. stock traded down $0.01 during midday trading on Wednesday, reaching $35.15. 160,509 shares of the stock traded hands, compared to its average volume of 592,988. The company has a 50-day simple moving average of $36.37 and a two-hundred day simple moving average of $37.42. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12. The firm has a market cap of $4.40 billion, a PE ratio of 70.13, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57.

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, 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%. Equities research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date is Monday, March 17th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is 246.00%.

Wall Street Analysts Forecast Growth

PECO has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut 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 report on Tuesday, January 7th. Wells Fargo & Company reduced 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 note on Wednesday, January 29th. Wolfe Research raised shares of Phillips Edison & Company, Inc. from a "peer perform" rating to an "outperform" rating and set a $44.00 price target for the company in a research note on Wednesday, November 13th. Finally, Mizuho decreased their price objective on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Phillips Edison & Company, Inc. presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

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.