Wellington Management Group LLP Buys 161,963 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Wellington Management Group LLP lifted its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,537,917 shares of the company's stock after purchasing an additional 161,963 shares during the quarter. Wellington Management Group LLP owned 6.02% of Phillips Edison & Company, Inc. worth $282,370,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in shares of Phillips Edison & Company, Inc. in the 3rd quarter valued at about $36,000. Allworth Financial LP increased its position in shares of Phillips Edison & Company, Inc. by 94.6% in the fourth quarter. Allworth Financial LP now owns 1,621 shares of the company's stock worth $58,000 after purchasing an additional 788 shares during the last quarter. Blue Trust Inc. raised its stake in Phillips Edison & Company, Inc. by 24.9% in the fourth quarter. Blue Trust Inc. now owns 3,023 shares of the company's stock valued at $113,000 after purchasing an additional 603 shares in the last quarter. Eukles Asset Management purchased a new position in Phillips Edison & Company, Inc. in the 4th quarter worth approximately $156,000. Finally, KBC Group NV grew its stake in Phillips Edison & Company, Inc. by 13.4% in the 4th quarter. KBC Group NV now owns 4,424 shares of the company's stock worth $166,000 after buying an additional 522 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 3.0 %

Shares of Phillips Edison & Company, Inc. stock traded down $1.08 on Friday, hitting $34.98. The stock had a trading volume of 1,038,505 shares, compared to its average volume of 676,437. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $40.12. The stock's 50-day simple moving average is $36.12 and its two-hundred day simple moving average is $37.18. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 69.96, a PEG ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, equities analysts predict 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 issued a $0.1025 dividend. This represents a $1.23 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Tuesday, April 15th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is currently 246.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PECO. Wells Fargo & Company decreased their price objective on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. JPMorgan Chase & Co. lowered their price objective on shares of 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. Finally, Mizuho reduced their target price 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. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Phillips Edison & Company, Inc. has a consensus rating of "Moderate Buy" and an average price target of $38.83.

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.