Stonebridge Financial Group LLC bought a new stake in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,731 shares of the company's stock, valued at approximately $402,000.
A number of other institutional investors and hedge funds have also made changes to their positions in PECO. Sanctuary Advisors LLC acquired a new stake in Phillips Edison & Company, Inc. in the second quarter valued at $231,000. Exchange Traded Concepts LLC purchased a new position in Phillips Edison & Company, Inc. during the third quarter worth $742,000. Tsfg LLC acquired a new position in shares of Phillips Edison & Company, Inc. in the third quarter worth $127,000. V Square Quantitative Management LLC acquired a new position in shares of Phillips Edison & Company, Inc. in the third quarter worth $28,000. Finally, Blue Trust Inc. increased its position in Phillips Edison & Company, Inc. by 15.5% during the 3rd quarter. Blue Trust Inc. now owns 2,420 shares of the company's stock worth $91,000 after purchasing an additional 325 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.
Phillips Edison & Company, Inc. Price Performance
PECO stock traded down $0.66 during trading on Friday, reaching $36.58. 786,399 shares of the stock traded hands, compared to its average volume of 518,993. Phillips Edison & Company, Inc. has a 52-week low of $30.62 and a 52-week high of $40.12. The business's 50 day moving average price is $37.16 and its 200-day moving average price is $37.28. The firm has a market capitalization of $4.48 billion, a PE ratio of 73.16, a P/E/G ratio of 1.76 and a beta of 0.58.
Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.12 by $0.50. Phillips Edison & Company, Inc. had a return on equity of 2.40% and a net margin of 9.48%. On average, equities research analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.
Phillips Edison & Company, Inc. Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.1025 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.23 annualized dividend and a yield of 3.36%. Phillips Edison & Company, Inc.'s payout ratio is 246.00%.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. JPMorgan Chase & Co. cut their price target on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Mizuho raised their price objective on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Finally, Wolfe Research upgraded Phillips Edison & Company, Inc. from a "peer perform" rating to an "outperform" rating and set a $44.00 target price for the company in a research note on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $39.50.
View Our Latest Stock Report on Phillips Edison & Company, Inc.
Phillips Edison & Company, Inc. Profile
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Free Report)
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.
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