Natixis Advisors LLC Raises Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Natixis Advisors LLC increased its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 24.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,647 shares of the company's stock after acquiring an additional 10,865 shares during the period. Natixis Advisors LLC's holdings in Phillips Edison & Company, Inc. were worth $2,047,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in shares of Phillips Edison & Company, Inc. during the 3rd quarter valued at approximately $36,000. Allworth Financial LP boosted its position in Phillips Edison & Company, Inc. by 94.6% during the fourth quarter. Allworth Financial LP now owns 1,621 shares of the company's stock worth $58,000 after purchasing an additional 788 shares in the last quarter. Blue Trust Inc. grew its holdings in Phillips Edison & Company, Inc. by 24.9% in the fourth quarter. Blue Trust Inc. now owns 3,023 shares of the company's stock valued at $113,000 after purchasing an additional 603 shares during the last quarter. Eukles Asset Management acquired a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter worth $156,000. Finally, KBC Group NV boosted its position in shares of Phillips Edison & Company, Inc. by 13.4% in the 4th quarter. KBC Group NV now owns 4,424 shares of the company's stock worth $166,000 after buying an additional 522 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Mizuho reduced their price target on shares of 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. Wells Fargo & Company reduced their target price on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. dropped their price target on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $38.83.

Phillips Edison & Company, Inc. Stock Up 0.8 %

Shares of PECO traded up $0.27 on Friday, hitting $35.96. 733,580 shares of the stock traded hands, compared to its average volume of 669,133. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12. The stock's 50 day moving average is $36.10 and its two-hundred day moving average is $37.27. The firm has a market capitalization of $4.50 billion, a P/E ratio of 71.92, a P/E/G ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates 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%. Research analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.1025 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.23 annualized dividend and a dividend yield of 3.42%. Phillips Edison & Company, Inc.'s payout ratio is currently 246.00%.

Phillips Edison & Company, Inc. Company Profile

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.