Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 67.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 198,424 shares of the company's stock after selling 411,075 shares during the quarter. Thrivent Financial for Lutherans owned 0.16% of Phillips Edison & Company, Inc. worth $7,483,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PECO. 1620 Investment Advisors Inc. acquired a new position in Phillips Edison & Company, Inc. in the 2nd quarter worth about $26,000. V Square Quantitative Management LLC purchased a new stake in Phillips Edison & Company, Inc. during the 3rd quarter worth approximately $28,000. Hobbs Group Advisors LLC purchased a new stake in Phillips Edison & Company, Inc. during the 2nd quarter worth approximately $39,000. PFG Private Wealth Management LLC purchased a new stake in Phillips Edison & Company, Inc. during the 2nd quarter worth approximately $62,000. Finally, Blue Trust Inc. increased its stake in Phillips Edison & Company, Inc. by 160.2% during the 2nd quarter. Blue Trust Inc. now owns 2,095 shares of the company's stock worth $75,000 after buying an additional 1,290 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on PECO shares. Mizuho boosted their price objective on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an "outperform" rating in a research note on Monday, August 19th. Wells Fargo & Company upgraded Phillips Edison & Company, Inc. from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $34.00 to $37.00 in a research report on Wednesday, August 28th. Wolfe Research upgraded Phillips Edison & Company, Inc. from a "peer perform" rating to an "outperform" rating and set a $44.00 price target for the company in a research report on Wednesday, November 13th. Finally, Compass Point upped their price target on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a "neutral" rating in a research report on Tuesday, September 10th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $38.43.

Phillips Edison & Company, Inc. Stock Up 0.7 %

NASDAQ:PECO opened at $39.33 on Friday. The stock's fifty day moving average is $37.79 and its two-hundred day moving average is $35.24. Phillips Edison & Company, Inc. has a 52 week low of $30.62 and a 52 week high of $39.83. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 85.50, a price-to-earnings-growth ratio of 3.59 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.52). The company 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 firm's revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 earnings per share. On average, sell-side analysts expect that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a $0.1025 dividend. This represents a $1.23 annualized dividend 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 (DPR) is presently 267.39%.

Phillips Edison & Company, Inc. Company 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.