Foresight Group Ltd Liability Partnership Acquires Shares of 35,529 Phillips Edison & Company, Inc. (NASDAQ:PECO)

Foresight Group Ltd Liability Partnership bought a new position in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 35,529 shares of the company's stock, valued at approximately $1,322,000. Phillips Edison & Company, Inc. comprises approximately 0.8% of Foresight Group Ltd Liability Partnership's portfolio, making the stock its 17th biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of PECO. V Square Quantitative Management LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the 3rd quarter worth $28,000. Legacy Investment Solutions LLC bought a new stake in Phillips Edison & Company, Inc. during the third quarter worth about $36,000. Blue Trust Inc. boosted its holdings in shares of Phillips Edison & Company, Inc. by 15.5% in the 3rd quarter. Blue Trust Inc. now owns 2,420 shares of the company's stock worth $91,000 after purchasing an additional 325 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Phillips Edison & Company, Inc. by 31.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,330 shares of the company's stock valued at $126,000 after purchasing an additional 803 shares during the last quarter. Finally, Tsfg LLC bought a new position in shares of Phillips Edison & Company, Inc. during the 3rd quarter valued at about $127,000. Hedge funds and other institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Trading Down 0.4 %

Shares of NASDAQ:PECO traded down $0.14 during trading on Friday, reaching $35.79. 642,761 shares of the company traded hands, compared to its average volume of 579,360. Phillips Edison & Company, Inc. has a 52-week low of $30.62 and a 52-week high of $40.12. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 77.80, a P/E/G ratio of 2.94 and a beta of 0.59. The business's fifty day moving average is $38.21 and its 200-day moving average is $36.87.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly 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 firm had revenue of $165.50 million for the quarter, compared to analysts' expectations of $157.20 million. During the same period in the previous year, the company earned $0.58 EPS. The company's quarterly revenue was up 8.5% on a year-over-year basis. On average, sell-side analysts predict that Phillips Edison & Company, Inc. will post 2.43 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were issued a dividend of $0.1025 per share. This represents a yield of 3.13%. The ex-dividend date was Monday, December 16th. This is an increase from Phillips Edison & Company, Inc.'s previous dividend of $0.10. Phillips Edison & Company, Inc.'s payout ratio is currently 267.39%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PECO shares. Mizuho boosted their target price on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. cut their price objective on shares of 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. Finally, Wolfe Research upgraded shares of Phillips Edison & Company, Inc. from a "peer perform" rating to an "outperform" rating and set a $44.00 target price on the stock in a research report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $39.50.

About Phillips Edison & Company, Inc.

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.