Jacobs Levy Equity Management Inc. Grows Stake in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Jacobs Levy Equity Management Inc. increased its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 578.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 139,146 shares of the company's stock after purchasing an additional 118,640 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.11% of Phillips Edison & Company, Inc. worth $5,247,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PECO. Blue Trust Inc. grew its stake in Phillips Edison & Company, Inc. by 15.5% during the third quarter. Blue Trust Inc. now owns 2,420 shares of the company's stock worth $91,000 after buying an additional 325 shares in the last quarter. Xponance Inc. increased its stake in Phillips Edison & Company, Inc. by 6.3% in the second quarter. Xponance Inc. now owns 7,789 shares of the company's stock valued at $255,000 after acquiring an additional 465 shares during the last quarter. Private Advisor Group LLC increased its stake in Phillips Edison & Company, Inc. by 6.5% in the third quarter. Private Advisor Group LLC now owns 8,009 shares of the company's stock valued at $302,000 after acquiring an additional 487 shares during the last quarter. Calton & Associates Inc. raised its position in Phillips Edison & Company, Inc. by 1.8% during the third quarter. Calton & Associates Inc. now owns 37,233 shares of the company's stock valued at $1,404,000 after purchasing an additional 641 shares in the last quarter. Finally, KBC Group NV lifted its stake in Phillips Edison & Company, Inc. by 21.9% during the third quarter. KBC Group NV now owns 3,902 shares of the company's stock worth $147,000 after purchasing an additional 700 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Wall Street Analyst Weigh In

PECO has been the subject of a number of research analyst reports. Compass Point boosted their price target on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a "neutral" rating in a report on Tuesday, September 10th. Wolfe Research upgraded shares of Phillips Edison & Company, Inc. from a "peer perform" rating to an "outperform" rating and set a $44.00 price target on the stock in a research note on Wednesday, November 13th. Mizuho lifted their price target on shares of Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an "outperform" rating in a report on Monday, August 19th. Finally, Wells Fargo & Company raised shares of Phillips Edison & Company, Inc. from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $34.00 to $37.00 in a research note on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $38.43.

Phillips Edison & Company, Inc. Stock Down 0.2 %

Shares of PECO stock traded down $0.06 during trading hours on Friday, hitting $39.27. 859,472 shares of the company's stock traded hands, compared to its average volume of 648,382. The stock has a market cap of $4.81 billion, a PE ratio of 85.37, a price-to-earnings-growth ratio of 3.60 and a beta of 0.57. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The stock's 50 day simple moving average is $38.02 and its 200 day simple moving average is $35.70.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.52). The company had revenue of $165.50 million for 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%. The company's revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. As a group, equities 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 business also recently announced a monthly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Tuesday, February 18th. Phillips Edison & Company, Inc.'s payout ratio is presently 267.39%.

Phillips Edison & Company, Inc. 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.