Vanguard Group Inc. raised its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,322,342 shares of the company's stock after acquiring an additional 82,913 shares during the period. Vanguard Group Inc. owned approximately 15.76% of Phillips Edison & Company, Inc. worth $723,815,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Legacy Investment Solutions LLC acquired a new stake in Phillips Edison & Company, Inc. during the third quarter worth about $36,000. Allworth Financial LP boosted its position in Phillips Edison & Company, Inc. by 94.6% in the 4th quarter. Allworth Financial LP now owns 1,621 shares of the company's stock worth $58,000 after purchasing an additional 788 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Phillips Edison & Company, Inc. by 24.9% during the 4th quarter. Blue Trust Inc. now owns 3,023 shares of the company's stock worth $113,000 after purchasing an additional 603 shares during the period. Eukles Asset Management purchased a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter valued at approximately $156,000. Finally, KBC Group NV increased its holdings in shares of Phillips Edison & Company, Inc. by 13.4% during the 4th quarter. KBC Group NV now owns 4,424 shares of the company's stock valued at $166,000 after purchasing an additional 522 shares in the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.
Phillips Edison & Company, Inc. Trading Down 3.0 %
NASDAQ:PECO traded down $1.08 during trading hours on Friday, reaching $34.98. 1,038,505 shares of the company were exchanged, compared to its average volume of 675,370. The firm has a market cap of $4.38 billion, a PE ratio of 69.96, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $40.12. The stock's 50-day moving average is $36.12 and its 200-day moving average is $37.20.
Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its quarterly earnings data 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 return on equity of 2.40% and a net margin of 9.48%. As a group, research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.
Phillips Edison & Company, Inc. Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a $0.1025 dividend. This represents a $1.23 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Tuesday, April 15th. Phillips Edison & Company, Inc.'s dividend payout ratio is currently 246.00%.
Analyst Ratings Changes
Several analysts recently commented on PECO shares. Wells Fargo & Company dropped their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. JPMorgan Chase & Co. dropped their target price 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. Finally, Mizuho cut their price target on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Phillips Edison & Company, Inc. has a consensus rating of "Moderate Buy" and a consensus target price of $38.83.
Check Out Our Latest Analysis on Phillips Edison & Company, Inc.
Phillips Edison & Company, Inc. Company Profile
(
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.
See Also
Before you consider Phillips Edison & Company, Inc., you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Phillips Edison & Company, Inc. wasn't on the list.
While Phillips Edison & Company, Inc. currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
