Phillips Edison & Company, Inc. (NASDAQ:PECO) Stock Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,190,836 shares of the company's stock after acquiring an additional 19,205 shares during the period. Geode Capital Management LLC owned approximately 2.60% of Phillips Edison & Company, Inc. worth $120,347,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. M&T Bank Corp raised its stake in Phillips Edison & Company, Inc. by 2.9% during the 3rd quarter. M&T Bank Corp now owns 10,883 shares of the company's stock valued at $410,000 after acquiring an additional 307 shares in the last quarter. Duff & Phelps Investment Management Co. raised its stake in Phillips Edison & Company, Inc. by 50.1% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,474,130 shares of the company's stock valued at $55,589,000 after acquiring an additional 492,160 shares in the last quarter. Barclays PLC raised its stake in Phillips Edison & Company, Inc. by 49.2% during the 3rd quarter. Barclays PLC now owns 279,432 shares of the company's stock valued at $10,538,000 after acquiring an additional 92,129 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Phillips Edison & Company, Inc. by 25.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 219,555 shares of the company's stock valued at $8,279,000 after acquiring an additional 45,082 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in Phillips Edison & Company, Inc. by 0.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 153,560 shares of the company's stock valued at $5,791,000 after acquiring an additional 850 shares in the last quarter. Institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Trading Down 1.9 %

Shares of Phillips Edison & Company, Inc. stock traded down $0.75 on Wednesday, reaching $38.21. 728,956 shares of the company were exchanged, compared to its average volume of 671,003. The stock has a fifty day moving average price of $38.35 and a 200-day moving average price of $36.13. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 83.07, a price-to-earnings-growth ratio of 3.60 and a beta of 0.57. 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 announced 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). The company had revenue of $165.50 million for the quarter, compared to analyst estimates of $157.20 million. Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The firm's revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the firm earned $0.58 earnings per share. On average, equities analysts anticipate that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have recently commented on PECO. Compass Point boosted their price objective 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. Wolfe Research raised Phillips Edison & Company, Inc. from a "peer perform" rating to an "outperform" rating and set a $44.00 price objective on the stock in a research note on Wednesday, November 13th. Wells Fargo & Company raised Phillips Edison & Company, Inc. from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $34.00 to $37.00 in a research note on Wednesday, August 28th. Finally, Mizuho boosted their price objective on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Phillips Edison & Company, Inc. has an average rating of "Moderate Buy" and a consensus target price of $39.00.

About Phillips Edison & Company, Inc.

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.