Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC raised its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 3,092.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,117 shares of the company's stock after acquiring an additional 100,856 shares during the quarter. International Assets Investment Management LLC owned approximately 0.08% of Phillips Edison & Company, Inc. worth $3,926,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Coppell Advisory Solutions Corp. acquired a new position in Phillips Edison & Company, Inc. during the first quarter worth about $607,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Phillips Edison & Company, Inc. by 67.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 77,686 shares of the company's stock worth $2,541,000 after purchasing an additional 31,189 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Phillips Edison & Company, Inc. by 240.9% in the first quarter. Cetera Investment Advisers now owns 1,170,077 shares of the company's stock valued at $41,971,000 after purchasing an additional 826,891 shares in the last quarter. UniSuper Management Pty Ltd grew its position in shares of Phillips Edison & Company, Inc. by 86.3% in the first quarter. UniSuper Management Pty Ltd now owns 62,216 shares of the company's stock valued at $2,232,000 after purchasing an additional 28,816 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Phillips Edison & Company, Inc. in the second quarter valued at approximately $2,695,000. Hedge funds and other institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ:PECO traded down $0.01 during midday trading on Friday, reaching $37.80. 656,661 shares of the company's stock were exchanged, compared to its average volume of 580,775. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 82.17, a P/E/G ratio of 3.47 and a beta of 0.57. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $39.08. The firm's 50 day simple moving average is $37.27 and its two-hundred day simple moving average is $34.61.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate 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 analysts' expectations of $157.20 million. During the same period last year, the business earned $0.58 EPS. The company's quarterly revenue was up 8.5% compared to the same quarter last year. Equities research analysts predict that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 16th will be paid a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a yield of 3.25%. This is a boost from Phillips Edison & Company, Inc.'s previous monthly dividend of $0.10. The ex-dividend date is Monday, December 16th. Phillips Edison & Company, Inc.'s dividend payout ratio is 267.39%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Mizuho upped 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. Compass Point boosted 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 report on Tuesday, September 10th. Finally, Wells Fargo & Company upgraded shares of Phillips Edison & Company, Inc. from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $34.00 to $37.00 in a research report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $37.50.

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.