Jane Street Group LLC Grows Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Jane Street Group LLC lifted its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 54.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 172,712 shares of the company's stock after buying an additional 61,011 shares during the quarter. Jane Street Group LLC owned approximately 0.14% of Phillips Edison & Company, Inc. worth $6,513,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Phillips Edison & Company, Inc. by 0.3% during the 3rd quarter. State Street Corp now owns 7,068,684 shares of the company's stock worth $267,289,000 after acquiring an additional 18,429 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Phillips Edison & Company, Inc. during the third quarter worth approximately $588,000. Jacobs Levy Equity Management Inc. boosted its holdings in Phillips Edison & Company, Inc. by 578.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 139,146 shares of the company's stock valued at $5,247,000 after purchasing an additional 118,640 shares in the last quarter. HighTower Advisors LLC increased its stake in Phillips Edison & Company, Inc. by 26.9% in the third quarter. HighTower Advisors LLC now owns 31,411 shares of the company's stock valued at $1,191,000 after purchasing an additional 6,666 shares during the last quarter. Finally, Holocene Advisors LP increased its stake in Phillips Edison & Company, Inc. by 24.6% in the third quarter. Holocene Advisors LP now owns 84,828 shares of the company's stock valued at $3,199,000 after purchasing an additional 16,723 shares during the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Price Performance

NASDAQ:PECO remained flat at $39.20 during trading hours on Friday. The company's stock had a trading volume of 606,078 shares, compared to its average volume of 671,853. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12. The company has a 50-day moving average price of $38.23 and a 200-day moving average price of $36.03. The firm has a market capitalization of $4.81 billion, a P/E ratio of 85.22, a PEG ratio of 3.58 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.61 by ($0.52). Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. The company had revenue of $165.50 million during the quarter, compared to analysts' expectations of $157.20 million. During the same quarter in the prior year, the business earned $0.58 EPS. The business's revenue for the quarter was up 8.5% compared to the same quarter last year. On average, research analysts anticipate that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a $0.1025 dividend. This represents a $1.23 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Tuesday, February 18th. Phillips Edison & Company, Inc.'s payout ratio is currently 267.39%.

Analyst Ratings Changes

Several brokerages have recently weighed in on PECO. Compass Point boosted 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. Mizuho upped their price objective on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. Wolfe Research upgraded 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. Finally, Wells Fargo & Company raised Phillips Edison & Company, Inc. from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $34.00 to $37.00 in a report on Wednesday, August 28th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $39.14.

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.