Aew Capital Management L P grew its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 47.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 627,889 shares of the company's stock after buying an additional 200,819 shares during the quarter. Phillips Edison & Company, Inc. accounts for 1.1% of Aew Capital Management L P's investment portfolio, making the stock its 26th largest holding. Aew Capital Management L P owned 0.51% of Phillips Edison & Company, Inc. worth $23,521,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in shares of Phillips Edison & Company, Inc. during the 3rd quarter worth $36,000. Allworth Financial LP grew 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 buying an additional 788 shares during the period. Blue Trust Inc. increased 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 buying an additional 603 shares in the last quarter. KBC Group NV lifted its position in shares of Phillips Edison & Company, Inc. by 21.9% during the 3rd quarter. KBC Group NV now owns 3,902 shares of the company's stock valued at $147,000 after acquiring an additional 700 shares during the period. Finally, Eukles Asset Management purchased a new stake in shares of Phillips Edison & Company, Inc. during the 4th quarter worth approximately $156,000. Institutional investors and hedge funds own 80.70% of the company's stock.
Phillips Edison & Company, Inc. Stock Up 0.5 %
Shares of PECO traded up $0.19 during trading hours on Wednesday, reaching $36.73. 506,850 shares of the company traded hands, compared to its average volume of 585,494. The stock has a market capitalization of $4.60 billion, a PE ratio of 73.46, a price-to-earnings-growth ratio of 1.70 and a beta of 0.58. The stock has a fifty day simple moving average of $36.56 and a 200 day simple moving average of $37.41. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $40.12.
Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates 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%. Research analysts predict that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.
Phillips Edison & Company, Inc. Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.1025 per share. The ex-dividend date is Monday, March 17th. This represents a $1.23 annualized dividend and a dividend yield of 3.35%. Phillips Edison & Company, Inc.'s payout ratio is currently 246.00%.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on 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. Wolfe Research upgraded shares of Phillips Edison & Company, Inc. from a "peer perform" rating to an "outperform" rating and set a $44.00 price objective on the stock in a research report on Wednesday, November 13th. Mizuho dropped their target price on shares of 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. Finally, Wells Fargo & Company reduced their price target on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.
Read Our Latest Analysis on PECO
Phillips Edison & Company, Inc. Company Profile
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Free Report)
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.
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