Wealth Enhancement Advisory Services LLC Sells 25,607 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Wealth Enhancement Advisory Services LLC decreased its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 20.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 101,370 shares of the company's stock after selling 25,607 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.08% of Phillips Edison & Company, Inc. worth $3,823,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PECO. Mirae Asset Global Investments Co. Ltd. boosted its stake in Phillips Edison & Company, Inc. by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,751 shares of the company's stock valued at $177,000 after acquiring an additional 1,230 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Phillips Edison & Company, Inc. by 3,092.8% in the third quarter. International Assets Investment Management LLC now owns 104,117 shares of the company's stock valued at $3,926,000 after purchasing an additional 100,856 shares during the last quarter. Private Advisor Group LLC boosted its holdings 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 buying an additional 487 shares during the last quarter. Calton & Associates Inc. grew its position in shares of Phillips Edison & Company, Inc. by 1.8% during the 3rd quarter. Calton & Associates Inc. now owns 37,233 shares of the company's stock worth $1,404,000 after buying an additional 641 shares during the period. Finally, Foundations Investment Advisors LLC bought a new stake in shares of Phillips Edison & Company, Inc. in the 3rd quarter valued at about $307,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Mizuho boosted their target price on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an "outperform" rating in a research note on Monday, August 19th. Compass Point increased their price objective on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 10th. Finally, Wells Fargo & Company raised shares of Phillips Edison & Company, Inc. from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $34.00 to $37.00 in a research report on Wednesday, August 28th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. presently has an average rating of "Hold" and a consensus target price of $37.50.

Phillips Edison & Company, Inc. Stock Down 0.0 %

Shares of PECO stock traded down $0.01 during trading on Friday, reaching $37.80. The company's stock had a trading volume of 592,099 shares, compared to its average volume of 664,943. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $39.08. The business has a fifty day moving average price of $37.25 and a 200-day moving average price of $34.56. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 83.48, a price-to-earnings-growth ratio of 3.47 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.52). The business had revenue of $165.50 million for 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 company's quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the firm earned $0.58 earnings per share. Research 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 disclosed a monthly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be paid a dividend of $0.1025 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.25%. This is a boost from Phillips Edison & Company, Inc.'s previous monthly dividend of $0.10. Phillips Edison & Company, Inc.'s dividend payout ratio is currently 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.