Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC reduced its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 23.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,107 shares of the company's stock after selling 25,461 shares during the quarter. Ameritas Advisory Services LLC owned 0.07% of Phillips Edison & Company, Inc. worth $3,151,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC increased its position in shares of Phillips Edison & Company, Inc. by 49.2% in the third quarter. Barclays PLC now owns 279,432 shares of the company's stock valued at $10,538,000 after buying an additional 92,129 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Phillips Edison & Company, Inc. by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,094,331 shares of the company's stock valued at $78,977,000 after buying an additional 102,519 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Phillips Edison & Company, Inc. in the second quarter valued at approximately $2,695,000. Duff & Phelps Investment Management Co. increased its position in shares of Phillips Edison & Company, Inc. by 50.1% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,474,130 shares of the company's stock valued at $55,589,000 after buying an additional 492,160 shares in the last quarter. Finally, Verition Fund Management LLC increased its position in shares of Phillips Edison & Company, Inc. by 191.3% in the third quarter. Verition Fund Management LLC now owns 22,802 shares of the company's stock valued at $860,000 after buying an additional 14,975 shares in the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PECO has been the subject of several research reports. 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. JPMorgan Chase & Co. dropped their price target on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Finally, Wolfe Research upgraded 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 report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $39.50.

Phillips Edison & Company, Inc. Trading Down 0.4 %

NASDAQ PECO traded down $0.14 on Monday, reaching $35.79. 642,761 shares of the company were exchanged, compared to its average volume of 579,360. The business's fifty day moving average price is $38.21 and its 200 day moving average price is $36.93. The stock has a market capitalization of $4.39 billion, a P/E ratio of 77.80, a price-to-earnings-growth ratio of 2.94 and a beta of 0.59. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released 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 company had revenue of $165.50 million for 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 business's quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm posted $0.58 EPS. Equities research analysts forecast that Phillips Edison & Company, Inc. will post 2.43 earnings per share for the current year.

Phillips Edison & Company, Inc. Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were paid a $0.1025 dividend. This represents a dividend yield of 3.13%. The ex-dividend date was Monday, December 16th. This is a positive change from Phillips Edison & Company, Inc.'s previous dividend of $0.10. Phillips Edison & Company, Inc.'s dividend payout ratio is 267.39%.

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.