Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 5.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,108,716 shares of the company's stock after buying an additional 56,897 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.90% of Phillips Edison & Company, Inc. worth $41,810,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Sei Investments Co. purchased a new position in shares of Phillips Edison & Company, Inc. during the first quarter valued at about $1,202,000. Russell Investments Group Ltd. grew its position in Phillips Edison & Company, Inc. by 49.8% in the first quarter. Russell Investments Group Ltd. now owns 37,603 shares of the company's stock worth $1,349,000 after acquiring an additional 12,493 shares in the last quarter. American International Group Inc. grew its position in Phillips Edison & Company, Inc. by 1.1% in the first quarter. American International Group Inc. now owns 65,003 shares of the company's stock worth $2,332,000 after acquiring an additional 699 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Phillips Edison & Company, Inc. by 8.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 62,874 shares of the company's stock valued at $2,256,000 after buying an additional 4,916 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Phillips Edison & Company, Inc. by 15,338.0% during the first quarter. Public Employees Retirement System of Ohio now owns 175,376 shares of the company's stock valued at $6,291,000 after buying an additional 174,240 shares during the period. Hedge funds and other institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Price Performance

NASDAQ:PECO traded up $0.07 during mid-day trading on Monday, hitting $39.40. The company's stock had a trading volume of 595,771 shares, compared to its average volume of 664,877. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $39.98. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 85.50, a PEG ratio of 3.61 and a beta of 0.57. The business's fifty day moving average is $37.79 and its two-hundred day moving average is $35.27.

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

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a dividend of $0.1025 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.23 annualized dividend and a dividend yield of 3.12%. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is presently 267.39%.

Wall Street Analyst Weigh In

PECO has been the subject of several recent analyst reports. Compass Point boosted their target price on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a "neutral" rating in a research report on Tuesday, September 10th. Wells Fargo & Company raised shares of Phillips Edison & Company, Inc. from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $34.00 to $37.00 in a research note on Wednesday, August 28th. Wolfe Research raised shares of Phillips Edison & Company, Inc. from a "peer perform" rating to an "outperform" rating and set a $44.00 price target for the company in a research note on Wednesday, November 13th. Finally, Mizuho lifted their price target on shares of Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an "outperform" rating in a research note on Monday, August 19th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $38.43.

About Phillips Edison & Company, Inc.

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.