Los Angeles Capital Management LLC Takes $921,000 Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Los Angeles Capital Management LLC acquired a new position in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 24,434 shares of the company's stock, valued at approximately $921,000.

Other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in Phillips Edison & Company, Inc. in the third quarter valued at approximately $28,000. 1620 Investment Advisors Inc. bought a new position in Phillips Edison & Company, Inc. in the 2nd quarter worth $26,000. Hobbs Group Advisors LLC purchased a new stake in Phillips Edison & Company, Inc. in the second quarter worth about $39,000. PFG Private Wealth Management LLC purchased a new stake in Phillips Edison & Company, Inc. during the 2nd quarter valued at about $62,000. Finally, Blue Trust Inc. raised its position in Phillips Edison & Company, Inc. by 160.2% in the 2nd quarter. Blue Trust Inc. now owns 2,095 shares of the company's stock worth $75,000 after buying an additional 1,290 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PECO shares. Wolfe Research raised 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 report on Wednesday. Wells Fargo & Company upgraded Phillips Edison & Company, Inc. from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $34.00 to $37.00 in a research note on Wednesday, August 28th. Mizuho increased their price target on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an "outperform" rating in a research report on Monday, August 19th. Finally, Compass Point upped their target price 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. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $38.43.

Phillips Edison & Company, Inc. Price Performance

PECO traded up $0.37 on Friday, reaching $39.01. 720,693 shares of the company's stock were exchanged, compared to its average volume of 668,180. The stock has a market cap of $4.78 billion, a PE ratio of 84.80, a P/E/G ratio of 3.59 and a beta of 0.57. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $39.83. The stock's fifty day moving average price is $37.67 and its 200-day moving average price is $35.02.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued 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). Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. The company had revenue of $165.50 million during the quarter, compared to analysts' expectations of $157.20 million. During the same quarter in the previous year, the company earned $0.58 earnings per share. The firm's quarterly revenue was up 8.5% compared to the same quarter last year. As a group, research analysts predict that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 4th. Stockholders 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 dividend yield of 3.15%. The ex-dividend date is Tuesday, February 18th. Phillips Edison & Company, Inc.'s dividend payout ratio is presently 267.39%.

Phillips Edison & Company, Inc. Company 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.