Proficio Capital Partners LLC Makes New $450,000 Investment in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Proficio Capital Partners LLC purchased a new position in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,025 shares of the company's stock, valued at approximately $450,000.

A number of other hedge funds also recently bought and sold shares of PECO. Van ECK Associates Corp raised its position in Phillips Edison & Company, Inc. by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 21,102 shares of the company's stock worth $781,000 after buying an additional 2,316 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Phillips Edison & Company, Inc. in the 3rd quarter worth $921,000. Entropy Technologies LP bought a new stake in Phillips Edison & Company, Inc. during the 3rd quarter valued at approximately $712,000. First Heartland Consultants Inc. grew its stake in Phillips Edison & Company, Inc. by 12.3% during the third quarter. First Heartland Consultants Inc. now owns 10,663 shares of the company's stock valued at $402,000 after acquiring an additional 1,170 shares in the last quarter. Finally, KBC Group NV lifted its stake in 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 purchasing an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Stock Down 0.7 %

NASDAQ PECO traded down $0.24 on Wednesday, reaching $34.92. The stock had a trading volume of 148,583 shares, compared to its average volume of 592,827. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 69.83, a P/E/G ratio of 1.70 and a beta of 0.57. The stock has a fifty day moving average price of $36.37 and a two-hundred day moving average price of $37.42. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12.

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Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.62 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%. Sell-side analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be issued a $0.1025 dividend. This represents a $1.23 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend is Monday, March 17th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is presently 246.00%.

Analysts Set New Price Targets

Several research firms have recently issued reports on PECO. Wolfe Research raised Phillips Edison & Company, Inc. from a "peer perform" rating to an "outperform" rating and set a $44.00 price objective for the company in a research note on Wednesday, November 13th. Wells Fargo & Company dropped their price target on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 29th. Mizuho cut their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. decreased their price target on shares of 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Phillips Edison & Company, Inc. presently has a consensus rating of "Moderate Buy" and an average target price of $39.00.

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.