Quest Partners LLC Decreases Stock Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Quest Partners LLC lowered its position in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 43.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,352 shares of the company's stock after selling 41,806 shares during the quarter. Quest Partners LLC's holdings in Phillips Edison & Company, Inc. were worth $2,087,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. 1620 Investment Advisors Inc. acquired a new stake in Phillips Edison & Company, Inc. during the 2nd quarter worth approximately $26,000. V Square Quantitative Management LLC purchased a new position in Phillips Edison & Company, Inc. in the 3rd quarter valued at $28,000. Hobbs Group Advisors LLC acquired a new position in Phillips Edison & Company, Inc. in the 2nd quarter valued at $39,000. PFG Private Wealth Management LLC purchased a new position in Phillips Edison & Company, Inc. during the 2nd quarter worth $62,000. Finally, Blue Trust Inc. lifted its stake in shares of Phillips Edison & Company, Inc. by 160.2% in the 2nd quarter. Blue Trust Inc. now owns 2,095 shares of the company's stock worth $75,000 after acquiring an additional 1,290 shares during the period. 80.70% of the stock is owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Trading Up 0.1 %

Shares of Phillips Edison & Company, Inc. stock traded up $0.03 during mid-day trading on Tuesday, hitting $39.25. 429,623 shares of the stock were exchanged, compared to its average volume of 666,235. The company has a 50-day simple moving average of $37.70 and a 200 day simple moving average of $35.10. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 85.26, a price-to-earnings-growth ratio of 3.58 and a beta of 0.57. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $39.83.

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

Phillips Edison & Company, Inc. Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Tuesday, February 18th. Phillips Edison & Company, Inc.'s dividend payout ratio is currently 267.39%.

Wall Street Analyst Weigh In

Several research firms have issued reports on PECO. Mizuho boosted their target price on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an "outperform" rating in a research report on Monday, August 19th. Wolfe Research upgraded shares of Phillips Edison & Company, Inc. from a "peer perform" rating to an "outperform" rating and set a $44.00 target price on the stock in a research report on Wednesday, November 13th. Wells Fargo & Company upgraded shares of Phillips Edison & Company, Inc. from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $34.00 to $37.00 in a report on Wednesday, August 28th. 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Phillips Edison & Company, Inc. has an average rating of "Hold" and a consensus price target of $38.43.

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.