Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP raised its position in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 about 6.02% of Phillips Edison & Company, Inc. worth $282,370,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in Phillips Edison & Company, Inc. by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 19,322,342 shares of the company's stock valued at $723,815,000 after acquiring an additional 82,913 shares in the last quarter. State Street Corp boosted its stake in shares of Phillips Edison & Company, Inc. by 0.3% in the third quarter. State Street Corp now owns 7,068,684 shares of the company's stock valued at $267,289,000 after purchasing an additional 18,429 shares during the period. Geode Capital Management LLC boosted its stake in shares of Phillips Edison & Company, Inc. by 0.6% in the third quarter. Geode Capital Management LLC now owns 3,190,836 shares of the company's stock valued at $120,347,000 after purchasing an additional 19,205 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Phillips Edison & Company, Inc. by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,145,517 shares of the company's stock valued at $80,371,000 after purchasing an additional 51,186 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Phillips Edison & Company, Inc. by 53.6% during the 4th quarter. JPMorgan Chase & Co. now owns 1,737,423 shares of the company's stock worth $65,084,000 after buying an additional 606,055 shares during the period. Institutional investors and hedge funds own 80.70% of the company's stock.

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Phillips Edison & Company, Inc. Trading Down 3.4 %

Shares of NASDAQ PECO traded down $1.27 during midday trading on Thursday, reaching $36.06. 1,063,634 shares of the company were exchanged, compared to its average volume of 672,979. The stock has a market cap of $4.51 billion, a P/E ratio of 72.12, a PEG ratio of 1.70 and a beta of 0.57. The stock has a fifty day simple moving average of $36.15 and a 200 day simple moving average of $37.22. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its 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 return on equity of 2.40% and a net margin of 9.48%. As a group, analysts forecast 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 Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Tuesday, April 15th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is currently 246.00%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Mizuho decreased their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating for the company in a research report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their target price 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. Finally, Wells Fargo & Company lowered their price objective on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.