Janus Henderson Group PLC trimmed its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 22.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 586,125 shares of the company's stock after selling 174,196 shares during the quarter. Janus Henderson Group PLC owned 0.48% of Phillips Edison & Company, Inc. worth $22,102,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of Phillips Edison & Company, Inc. by 15.5% in the third quarter. Blue Trust Inc. now owns 2,420 shares of the company's stock valued at $91,000 after buying an additional 325 shares in the last quarter. Xponance Inc. grew its position in Phillips Edison & Company, Inc. by 6.3% in the 2nd quarter. Xponance Inc. now owns 7,789 shares of the company's stock valued at $255,000 after acquiring an additional 465 shares in the last quarter. Private Advisor Group LLC increased its stake in Phillips Edison & Company, Inc. by 6.5% during the third quarter. Private Advisor Group LLC now owns 8,009 shares of the company's stock worth $302,000 after purchasing an additional 487 shares during the period. Calton & Associates Inc. lifted its position in shares of Phillips Edison & Company, Inc. by 1.8% during the third quarter. Calton & Associates Inc. now owns 37,233 shares of the company's stock worth $1,404,000 after purchasing an additional 641 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Phillips Edison & Company, Inc. by 21.9% in the third quarter. KBC Group NV now owns 3,902 shares of the company's stock valued at $147,000 after purchasing an additional 700 shares during the period. Hedge funds and other institutional investors own 80.70% of the company's stock.
Phillips Edison & Company, Inc. Price Performance
Shares of PECO traded down $0.06 during mid-day trading on Friday, reaching $39.27. The company's stock had a trading volume of 859,472 shares, compared to its average volume of 648,382. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12. 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. The company's 50 day moving average is $38.02 and its 200 day moving average is $35.75.
Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by ($0.52). Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The company had revenue of $165.50 million for the quarter, compared to analyst estimates of $157.20 million. During the same period in the previous year, the business posted $0.58 EPS. The firm's revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 disclosed a monthly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a $0.1025 dividend. 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 dividend payout ratio is presently 267.39%.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on PECO shares. Compass Point upped their target price on shares of 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. Mizuho lifted their target price on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an "outperform" rating in a report on Monday, August 19th. Wolfe Research upgraded 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 report on Wednesday, November 13th. Finally, Wells Fargo & Company raised Phillips Edison & Company, Inc. from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $34.00 to $37.00 in a research report on Wednesday, August 28th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $38.43.
Get Our Latest Stock 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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