Nomura Asset Management Co. Ltd. Increases Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Nomura Asset Management Co. Ltd. grew its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 162,380 shares of the company's stock after acquiring an additional 8,820 shares during the period. Nomura Asset Management Co. Ltd. owned 0.13% of Phillips Edison & Company, Inc. worth $6,083,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in PECO. Legacy Investment Solutions LLC acquired a new stake in Phillips Edison & Company, Inc. during the third quarter worth approximately $36,000. Allworth Financial LP grew its stake in shares of Phillips Edison & Company, Inc. by 94.6% in the 4th quarter. Allworth Financial LP now owns 1,621 shares of the company's stock valued at $58,000 after buying an additional 788 shares during the period. Blue Trust Inc. increased its position in Phillips Edison & Company, Inc. by 24.9% in the 4th quarter. Blue Trust Inc. now owns 3,023 shares of the company's stock valued at $113,000 after buying an additional 603 shares in the last quarter. Eukles Asset Management acquired a new position in Phillips Edison & Company, Inc. during the 4th quarter worth approximately $156,000. Finally, KBC Group NV boosted its holdings in Phillips Edison & Company, Inc. by 13.4% in the fourth quarter. KBC Group NV now owns 4,424 shares of the company's stock worth $166,000 after acquiring an additional 522 shares in the last quarter. 80.70% of the stock is owned by institutional investors.

Phillips Edison & Company, Inc. Stock Down 3.0 %

NASDAQ PECO traded down $1.08 on Friday, reaching $34.98. The company had a trading volume of 1,038,505 shares, compared to its average volume of 676,437. The company's fifty day moving average is $36.12 and its 200 day moving average is $37.19. Phillips Edison & Company, Inc. has a 52-week low of $30.62 and a 52-week high of $40.12. The stock has a market capitalization of $4.38 billion, a P/E ratio of 69.96, a P/E/G ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.50. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. On average, research analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a $0.1025 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.52%. Phillips Edison & Company, Inc.'s payout ratio is presently 246.00%.

Analysts Set New Price Targets

PECO has been the subject of several recent research reports. Mizuho decreased their price objective on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating for the company in a report on Tuesday, February 25th. Wells Fargo & Company decreased their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $38.83.

About Phillips Edison & Company, Inc.

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.