Sei Investments Co. Boosts Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Sei Investments Co. raised its position in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 32.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 248,159 shares of the company's stock after purchasing an additional 61,110 shares during the period. Sei Investments Co. owned 0.20% of Phillips Edison & Company, Inc. worth $9,296,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Phillips Edison & Company, Inc. during the fourth quarter worth $488,000. Barclays PLC lifted its holdings in Phillips Edison & Company, Inc. by 49.2% during the 3rd quarter. Barclays PLC now owns 279,432 shares of the company's stock worth $10,538,000 after buying an additional 92,129 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Phillips Edison & Company, Inc. by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,517 shares of the company's stock worth $80,371,000 after acquiring an additional 51,186 shares in the last quarter. Duff & Phelps Investment Management Co. increased its holdings 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 valued at $55,589,000 after acquiring an additional 492,160 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Phillips Edison & Company, Inc. by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 595,165 shares of the company's stock worth $22,295,000 after acquiring an additional 17,235 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

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Phillips Edison & Company, Inc. Price Performance

Shares of PECO stock traded down $1.27 during trading hours on Thursday, hitting $36.06. The stock had a trading volume of 1,063,634 shares, compared to its average volume of 672,979. The stock's 50 day moving average is $36.15 and its 200 day moving average is $37.22. The firm has a market capitalization of $4.51 billion, a PE ratio of 72.12, a PEG 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.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued 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 net margin of 9.48% and a return on equity of 2.40%. As a group, equities analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently disclosed 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. This represents a $1.23 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Tuesday, April 15th. Phillips Edison & Company, Inc.'s dividend payout ratio is presently 246.00%.

Wall Street Analysts Forecast Growth

PECO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Wells Fargo & Company lowered their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Finally, Mizuho cut their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.83.

Phillips Edison & Company, Inc. Company Profile

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.