Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Sold by RMR Wealth Builders

RMR Wealth Builders trimmed its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 19.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,593 shares of the company's stock after selling 11,660 shares during the quarter. RMR Wealth Builders' holdings in Phillips Edison & Company, Inc. were worth $1,858,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PECO. State Street Corp raised its position in shares of Phillips Edison & Company, Inc. by 0.3% during the 3rd quarter. State Street Corp now owns 7,068,684 shares of the company's stock worth $267,289,000 after purchasing an additional 18,429 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Phillips Edison & Company, Inc. by 0.6% in the third quarter. Geode Capital Management LLC now owns 3,190,836 shares of the company's stock worth $120,347,000 after acquiring an additional 19,205 shares during the last quarter. Charles Schwab Investment Management Inc. lifted 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 acquiring an additional 102,519 shares in the last quarter. Duff & Phelps Investment Management Co. lifted 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 acquiring an additional 492,160 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Phillips Edison & Company, Inc. by 16.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,250,731 shares of the company's stock valued at $40,911,000 after acquiring an additional 179,775 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Price Performance

PECO stock traded up $0.47 on Thursday, hitting $35.93. 452,449 shares of the company were exchanged, compared to its average volume of 605,764. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 78.11, a price-to-earnings-growth ratio of 2.94 and a beta of 0.59. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $40.12. The business's fifty day moving average is $38.33 and its two-hundred day moving average is $36.85.

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 the consensus estimate of $0.61 by ($0.52). The firm 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 business's revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 earnings per share. Equities research analysts expect 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 disclosed a dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.1025 per share. This is an increase from Phillips Edison & Company, Inc.'s previous dividend of $0.10. This represents a yield of 3.13%. The ex-dividend date of this dividend was Monday, December 16th. Phillips Edison & Company, Inc.'s payout ratio is currently 267.39%.

Analyst Upgrades and Downgrades

PECO has been the subject of several analyst reports. JPMorgan Chase & Co. cut their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Mizuho boosted their price objective on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $39.50.

About Phillips Edison & Company, Inc.

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.