Holocene Advisors LP boosted its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 24.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 84,828 shares of the company's stock after buying an additional 16,723 shares during the period. Holocene Advisors LP owned approximately 0.07% of Phillips Edison & Company, Inc. worth $3,199,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Duff & Phelps Investment Management Co. bought a new stake in shares of Phillips Edison & Company, Inc. during the 2nd quarter valued at about $32,120,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Phillips Edison & Company, Inc. by 408.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 765,822 shares of the company's stock valued at $28,879,000 after purchasing an additional 615,076 shares in the last quarter. Millennium Management LLC bought a new stake in Phillips Edison & Company, Inc. during the second quarter valued at approximately $8,397,000. Dimensional Fund Advisors LP grew its stake in Phillips Edison & Company, Inc. by 16.8% in the 2nd 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Phillips Edison & Company, Inc. by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,094,331 shares of the company's stock worth $78,977,000 after buying an additional 102,519 shares during the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.
Phillips Edison & Company, Inc. Stock Down 0.2 %
Shares of PECO traded down $0.06 during trading hours on Friday, hitting $39.27. The company had a trading volume of 859,472 shares, compared to its average volume of 670,020. Phillips Edison & Company, Inc. has a 52-week low of $30.62 and a 52-week high of $40.12. The stock's 50 day moving average price is $37.98 and its 200 day moving average price is $35.65. The firm has a market cap of $4.81 billion, a P/E ratio of 85.50, a P/E/G ratio of 3.59 and a beta of 0.57.
Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.52). The company had revenue of $165.50 million during the quarter, compared to analysts' expectations of $157.20 million. Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. Phillips Edison & Company, Inc.'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, research analysts expect that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.
Phillips Edison & Company, Inc. Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.1025 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.23 annualized dividend and a yield of 3.13%. Phillips Edison & Company, Inc.'s payout ratio is currently 267.39%.
Analyst Ratings Changes
A number of analysts have recently issued reports on PECO shares. Wolfe Research raised shares of Phillips Edison & Company, Inc. from a "peer perform" rating to an "outperform" rating and set a $44.00 price objective for the company in a report on Wednesday, November 13th. Wells Fargo & Company upgraded Phillips Edison & Company, Inc. from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $34.00 to $37.00 in a report on Wednesday, August 28th. Compass Point raised 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. Finally, Mizuho boosted their target price on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an "outperform" rating in a research report on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Phillips Edison & Company, Inc. has a consensus rating of "Hold" and a consensus target price of $38.43.
Get Our Latest Analysis on PECO
About Phillips Edison & Company, Inc.
(
Free Report)
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.
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