JPMorgan Chase & Co. Has $42.66 Million Stake in Phillips Edison & Company, Inc. (NASDAQ:PECO)

JPMorgan Chase & Co. decreased its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,131,368 shares of the company's stock after selling 16,214 shares during the quarter. JPMorgan Chase & Co. owned 0.92% of Phillips Edison & Company, Inc. worth $42,664,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. M&T Bank Corp boosted its stake in shares of 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 worth $410,000 after purchasing an additional 307 shares during the last quarter. 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 during the period. Xponance Inc. increased its holdings 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 purchasing an additional 465 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Phillips Edison & Company, Inc. by 6.5% during the 3rd quarter. Private Advisor Group LLC now owns 8,009 shares of the company's stock valued at $302,000 after buying an additional 487 shares during the period. Finally, 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. Institutional investors and hedge funds own 80.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PECO shares. Mizuho lifted their price target on shares of 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. Wolfe Research upgraded 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 research report on Wednesday, November 13th. Finally, Compass Point raised their price target on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a "neutral" rating in a research note on Tuesday, September 10th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Phillips Edison & Company, Inc. has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

Phillips Edison & Company, Inc. Stock Down 2.1 %

Phillips Edison & Company, Inc. stock traded down $0.80 during midday trading on Monday, hitting $36.69. The company's stock had a trading volume of 521,206 shares, compared to its average volume of 479,602. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The company has a market capitalization of $4.50 billion, a PE ratio of 79.76, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. The stock's 50-day moving average price is $38.61 and its 200-day moving average price is $36.68.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its 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 business had revenue of $165.50 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 earnings per share. As a group, equities analysts anticipate that Phillips Edison & Company, Inc. will post 2.42 EPS for the current year.

Phillips Edison & Company, Inc. Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were issued a dividend of $0.1025 per share. This is a boost from Phillips Edison & Company, Inc.'s previous dividend of $0.10. This represents a dividend yield of 3.13%. The ex-dividend date of this dividend was Monday, December 16th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is currently 267.39%.

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.