18,871 Shares in Phillips Edison & Company, Inc. (NASDAQ:PECO) Purchased by Entropy Technologies LP

Entropy Technologies LP purchased a new stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,871 shares of the company's stock, valued at approximately $712,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Phillips Edison & Company, Inc. by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 19,337,030 shares of the company's stock worth $693,619,000 after purchasing an additional 577,445 shares during the period. Dimensional Fund Advisors LP increased its position in Phillips Edison & Company, Inc. by 16.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,250,731 shares of the company's stock worth $40,911,000 after buying an additional 179,775 shares during the period. Cetera Investment Advisers lifted its stake in Phillips Edison & Company, Inc. by 240.9% in the first quarter. Cetera Investment Advisers now owns 1,170,077 shares of the company's stock valued at $41,971,000 after buying an additional 826,891 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Phillips Edison & Company, Inc. by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 1,106,277 shares of the company's stock valued at $36,186,000 after acquiring an additional 27,611 shares during the period. Finally, Duff & Phelps Investment Management Co. bought a new position in shares of Phillips Edison & Company, Inc. during the second quarter worth about $32,120,000. 80.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on PECO shares. Wells Fargo & Company upgraded shares of Phillips Edison & Company, Inc. from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $34.00 to $37.00 in a research report on Wednesday, August 28th. Mizuho raised their target price on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an "outperform" rating in a research report on Monday, August 19th. Wolfe Research upgraded 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 report on Wednesday. Finally, Compass Point increased their price target on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 10th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $38.43.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO stock traded up $0.37 during mid-day trading on Friday, hitting $39.01. 720,693 shares of the stock traded hands, compared to its average volume of 668,180. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $39.83. The company's 50-day simple moving average is $37.63 and its 200-day simple moving average is $34.98. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 84.67, a price-to-earnings-growth ratio of 3.59 and a beta of 0.57.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.61 by ($0.52). Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The firm had revenue of $165.50 million for the quarter, compared to analyst estimates of $157.20 million. During the same period in the previous year, the firm earned $0.58 earnings per share. Phillips Edison & Company, Inc.'s revenue was up 8.5% on a year-over-year basis. Analysts forecast that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 4th. Investors 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 yield of 3.15%. The ex-dividend date is Tuesday, February 18th. Phillips Edison & Company, Inc.'s dividend 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.