Transce3nd LLC Makes New $553,000 Investment in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Transce3nd LLC acquired a new stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 14,635 shares of the company's stock, valued at approximately $553,000.

A number of other large investors have also made changes to their positions in PECO. Barclays PLC raised its holdings in Phillips Edison & Company, Inc. by 49.2% in the 3rd quarter. Barclays PLC now owns 279,432 shares of the company's stock valued at $10,538,000 after acquiring an additional 92,129 shares in the last quarter. Synovus Financial Corp bought a new stake in shares of Phillips Edison & Company, Inc. during the third quarter valued at approximately $376,000. Brass Tax Wealth Management Inc. bought a new stake in shares of Phillips Edison & Company, Inc. during the third quarter valued at approximately $378,000. Harbor Capital Advisors Inc. raised its stake in shares of Phillips Edison & Company, Inc. by 0.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 72,465 shares of the company's stock valued at $2,715,000 after purchasing an additional 594 shares in the last quarter. Finally, Foresight Group Ltd Liability Partnership bought a new position in Phillips Edison & Company, Inc. in the fourth quarter worth $1,322,000. Institutional investors and hedge funds own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Stock Performance

PECO opened at $36.18 on Friday. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 72.36, a PEG ratio of 1.70 and a beta of 0.57. The firm's 50-day simple moving average is $35.69 and its 200-day simple moving average is $36.95. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.62 earnings per share 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%. As a group, sell-side analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a $0.1025 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.23 annualized dividend and a yield of 3.40%. Phillips Edison & Company, Inc.'s payout ratio is 246.00%.

Wall Street Analyst Weigh In

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

Phillips Edison & Company, Inc. 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.

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