Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Purchased by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. boosted its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 50.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,474,130 shares of the company's stock after acquiring an additional 492,160 shares during the period. Duff & Phelps Investment Management Co. owned 1.20% of Phillips Edison & Company, Inc. worth $55,589,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in PECO. Blue Trust Inc. raised its position in shares of Phillips Edison & Company, Inc. by 15.5% during the 3rd quarter. Blue Trust Inc. now owns 2,420 shares of the company's stock valued at $91,000 after acquiring an additional 325 shares in the last quarter. Xponance Inc. increased its stake in Phillips Edison & Company, Inc. by 6.3% during the second quarter. Xponance Inc. now owns 7,789 shares of the company's stock valued at $255,000 after purchasing an additional 465 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Phillips Edison & Company, Inc. by 6.5% during the third quarter. Private Advisor Group LLC now owns 8,009 shares of the company's stock worth $302,000 after purchasing an additional 487 shares during the period. Calton & Associates Inc. lifted its position in shares of Phillips Edison & Company, Inc. by 1.8% in the 3rd quarter. Calton & Associates Inc. now owns 37,233 shares of the company's stock worth $1,404,000 after buying an additional 641 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Phillips Edison & Company, Inc. by 21.9% in the 3rd quarter. KBC Group NV now owns 3,902 shares of the company's stock worth $147,000 after buying an additional 700 shares during the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Mizuho boosted their price objective on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an "outperform" rating in a research report on Monday, August 19th. Wells Fargo & Company upgraded shares of Phillips Edison & Company, Inc. from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $34.00 to $37.00 in a research report on Wednesday, August 28th. 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. Finally, Compass Point upped their target price 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. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $38.43.

Phillips Edison & Company, Inc. Trading Down 0.2 %

PECO traded down $0.07 on Monday, reaching $39.20. The company had a trading volume of 748,265 shares, compared to its average volume of 671,629. The company has a fifty day moving average of $38.02 and a 200-day moving average of $35.75. The company has a market capitalization of $4.81 billion, a P/E ratio of 85.35, a PEG ratio of 3.61 and a beta of 0.57. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $157.20 million. During the same quarter last year, the business earned $0.58 earnings per share. The company's revenue was up 8.5% on a year-over-year basis. Research analysts predict that Phillips Edison & Company, Inc. will post 2.42 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

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

Phillips Edison & Company, Inc. 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.