Kennedy Capital Management LLC trimmed its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 303,729 shares of the company's stock after selling 9,377 shares during the quarter. Kennedy Capital Management LLC owned 0.25% of Phillips Edison & Company, Inc. worth $11,378,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Phillips Edison & Company, Inc. in the 4th quarter worth $4,141,000. Martingale Asset Management L P acquired a new stake in shares of Phillips Edison & Company, Inc. during the 4th quarter worth approximately $2,478,000. FIL Ltd lifted its holdings in shares of Phillips Edison & Company, Inc. by 17.8% in the fourth quarter. FIL Ltd now owns 2,155 shares of the company's stock worth $81,000 after acquiring an additional 325 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Phillips Edison & Company, Inc. by 3.3% during the 4th quarter. Invesco Ltd. now owns 393,621 shares of the company's stock valued at $14,745,000 after acquiring an additional 12,521 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Phillips Edison & Company, Inc. by 24.7% in the 4th quarter. Bank of Montreal Can now owns 111,333 shares of the company's stock valued at $4,171,000 after acquiring an additional 22,033 shares during the period. Institutional investors and hedge funds own 80.70% of the company's stock.
Phillips Edison & Company, Inc. Trading Up 1.1 %
Shares of PECO stock traded up $0.40 on Wednesday, reaching $35.76. The company's stock had a trading volume of 217,289 shares, compared to its average volume of 697,181. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 71.52, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12. The stock's fifty day simple moving average is $35.76 and its 200-day simple moving average is $36.98.
Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.50. Phillips Edison & Company, Inc. had a return on equity of 2.40% and a net margin of 9.48%. Equities research analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.
Phillips Edison & Company, Inc. Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a $0.1025 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.44%. Phillips Edison & Company, Inc.'s payout ratio is currently 246.00%.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on PECO shares. Wells Fargo & Company decreased their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. JPMorgan Chase & Co. reduced their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Finally, Mizuho lowered their price target on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $38.83.
Get Our Latest Report on PECO
Phillips Edison & Company, Inc. Profile
(
Free Report)
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.
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