Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Acquired by Invesco Ltd.

Invesco Ltd. lifted its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 393,621 shares of the company's stock after purchasing an additional 12,521 shares during the period. Invesco Ltd. owned about 0.32% of Phillips Edison & Company, Inc. worth $14,745,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP grew its stake in Phillips Edison & Company, Inc. by 94.6% in the 4th quarter. Allworth Financial LP now owns 1,621 shares of the company's stock worth $58,000 after acquiring an additional 788 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Phillips Edison & Company, Inc. by 24.9% during the 4th quarter. Blue Trust Inc. now owns 3,023 shares of the company's stock worth $113,000 after purchasing an additional 603 shares during the last quarter. Eukles Asset Management purchased a new stake in shares of Phillips Edison & Company, Inc. during the 4th quarter worth $156,000. KBC Group NV boosted its position in Phillips Edison & Company, Inc. by 13.4% during the fourth quarter. KBC Group NV now owns 4,424 shares of the company's stock valued at $166,000 after purchasing an additional 522 shares in the last quarter. Finally, MCF Advisors LLC grew its stake in Phillips Edison & Company, Inc. by 47.4% in the fourth quarter. MCF Advisors LLC now owns 5,200 shares of the company's stock valued at $195,000 after purchasing an additional 1,672 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

Wall Street Analysts Forecast Growth

PECO has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Mizuho lowered their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their price target on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $38.83.

Phillips Edison & Company, Inc. Stock Performance

PECO stock traded down $0.26 during trading on Wednesday, reaching $35.79. The company had a trading volume of 536,099 shares, compared to its average volume of 700,646. The firm has a 50-day simple moving average of $35.63 and a 200-day simple moving average of $36.94. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 71.58, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.12 by $0.50. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. Sell-side analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.1025 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.23 annualized dividend and a yield of 3.44%. Phillips Edison & Company, Inc.'s payout ratio is presently 246.00%.

Phillips Edison & Company, Inc. Company 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.