Natixis Advisors LLC Purchases 24,963 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Natixis Advisors LLC boosted its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 132.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,782 shares of the company's stock after acquiring an additional 24,963 shares during the quarter. Natixis Advisors LLC's holdings in Phillips Edison & Company, Inc. were worth $1,651,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Duff & Phelps Investment Management Co. purchased a new position in Phillips Edison & Company, Inc. during the second quarter valued at approximately $32,120,000. Cetera Investment Advisers grew its holdings in shares of Phillips Edison & Company, Inc. by 240.9% during the 1st quarter. Cetera Investment Advisers now owns 1,170,077 shares of the company's stock valued at $41,971,000 after acquiring an additional 826,891 shares in the last quarter. Cetera Advisors LLC increased its stake in shares of Phillips Edison & Company, Inc. by 60.4% in the first quarter. Cetera Advisors LLC now owns 791,147 shares of the company's stock worth $28,378,000 after acquiring an additional 297,945 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Phillips Edison & Company, Inc. in the second quarter worth $8,397,000. Finally, Dimensional Fund Advisors LP boosted its position in Phillips Edison & Company, Inc. by 16.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,250,731 shares of the company's stock valued at $40,911,000 after purchasing an additional 179,775 shares during the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PECO shares. Compass Point raised their price target on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 10th. Wolfe Research raised shares of Phillips Edison & Company, Inc. from a "peer perform" rating to an "outperform" rating and set a $44.00 target price on the stock in a research report on Wednesday, November 13th. Wells Fargo & Company raised Phillips Edison & Company, Inc. from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $34.00 to $37.00 in a research report on Wednesday, August 28th. Finally, Mizuho increased their price objective 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. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Phillips Edison & Company, Inc. has an average rating of "Hold" and an average price target of $38.43.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO traded up $0.13 during trading hours on Tuesday, reaching $39.47. 461,567 shares of the company traded hands, compared to its average volume of 667,115. The stock has a market cap of $4.84 billion, a P/E ratio of 85.52, a price-to-earnings-growth ratio of 3.61 and a beta of 0.57. Phillips Edison & Company, Inc. has a 1-year low of $30.62 and a 1-year high of $39.98. The stock's fifty day moving average is $37.80 and its 200 day moving average is $35.31.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly 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). Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The business had revenue of $165.50 million for the quarter, compared to the consensus estimate of $157.20 million. During the same quarter in the prior year, the business earned $0.58 EPS. The firm's revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities research analysts predict that Phillips Edison & Company, Inc. will post 2.42 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Tuesday, February 18th. Phillips Edison & Company, Inc.'s 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.