SageView Advisory Group LLC Invests $407,000 in Phillips Edison & Company, Inc. (NASDAQ:PECO)

SageView Advisory Group LLC bought a new position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,876 shares of the company's stock, valued at approximately $407,000.

Several other institutional investors also recently modified their holdings of PECO. Allworth Financial LP raised its holdings in Phillips Edison & Company, Inc. by 94.6% during the 4th quarter. Allworth Financial LP now owns 1,621 shares of the company's stock worth $58,000 after buying an additional 788 shares during the period. FIL Ltd increased its position in shares of Phillips Edison & Company, Inc. by 17.8% during the fourth quarter. FIL Ltd now owns 2,155 shares of the company's stock worth $81,000 after acquiring an additional 325 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Phillips Edison & Company, Inc. by 24.9% during the fourth quarter. Blue Trust Inc. now owns 3,023 shares of the company's stock worth $113,000 after acquiring an additional 603 shares during the period. Sterling Capital Management LLC lifted its position in Phillips Edison & Company, Inc. by 784.3% in the 4th quarter. Sterling Capital Management LLC now owns 3,387 shares of the company's stock valued at $127,000 after acquiring an additional 3,004 shares in the last quarter. Finally, Eukles Asset Management acquired a new position in Phillips Edison & Company, Inc. in the 4th quarter worth $156,000. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Price Performance

PECO stock traded down $0.51 during midday trading on Monday, reaching $35.67. 59,150 shares of the company were exchanged, compared to its average volume of 698,334. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 71.51, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57. The business has a 50-day moving average price of $35.69 and a two-hundred day moving average price of $36.95. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $40.12.

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

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Tuesday, April 15th. Phillips Edison & Company, Inc.'s dividend payout ratio is 246.00%.

Analyst Ratings Changes

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

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.