Entropy Technologies LP Boosts Stake in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Entropy Technologies LP boosted its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 58.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,954 shares of the company's stock after purchasing an additional 11,083 shares during the period. Entropy Technologies LP's holdings in Phillips Edison & Company, Inc. were worth $1,122,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. State Street Corp boosted its position in 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 valued at $267,289,000 after acquiring an additional 18,429 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Phillips Edison & Company, Inc. by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,190,836 shares of the company's stock worth $120,347,000 after purchasing an additional 19,205 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Phillips Edison & Company, Inc. by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,094,331 shares of the company's stock worth $78,977,000 after purchasing an additional 102,519 shares in the last quarter. Duff & Phelps Investment Management Co. boosted its position in shares of Phillips Edison & Company, Inc. by 50.1% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,474,130 shares of the company's stock worth $55,589,000 after purchasing an additional 492,160 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Phillips Edison & Company, Inc. by 5.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,108,716 shares of the company's stock worth $41,810,000 after purchasing an additional 56,897 shares in the last quarter. 80.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PECO has been the topic of a number of analyst reports. Wolfe Research raised Phillips Edison & Company, Inc. from a "peer perform" rating to an "outperform" rating and set a $44.00 price target on the stock in a research report on Wednesday, November 13th. Mizuho boosted their price target on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 10th. Wells Fargo & Company dropped their price target on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating on the stock in a research 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 company. Based on data from MarketBeat, Phillips Edison & Company, Inc. presently has a consensus rating of "Moderate Buy" and an average target price of $39.50.

Phillips Edison & Company, Inc. Trading Down 1.8 %

PECO stock traded down $0.66 during midday trading on Friday, hitting $36.58. The company's stock had a trading volume of 786,399 shares, compared to its average volume of 588,383. The company has a market cap of $4.48 billion, a PE ratio of 73.16, a P/E/G ratio of 1.76 and a beta of 0.58. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The firm's 50-day moving average is $37.16 and its 200-day moving average is $37.27.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.1025 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.23 dividend on an annualized basis and a yield of 3.36%. Phillips Edison & Company, Inc.'s dividend payout ratio is presently 246.00%.

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.