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

Wellington Management Group LLP trimmed its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,375,954 shares of the company's stock after selling 299,097 shares during the quarter. Wellington Management Group LLP owned about 6.02% of Phillips Edison & Company, Inc. worth $278,147,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. increased its position in Phillips Edison & Company, Inc. by 15.5% in the 3rd quarter. Blue Trust Inc. now owns 2,420 shares of the company's stock valued at $91,000 after buying an additional 325 shares in the last quarter. Xponance Inc. increased its holdings in shares of Phillips Edison & Company, Inc. by 6.3% during the second quarter. Xponance Inc. now owns 7,789 shares of the company's stock valued at $255,000 after acquiring an additional 465 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Phillips Edison & Company, Inc. by 6.5% during the third quarter. Private Advisor Group LLC now owns 8,009 shares of the company's stock worth $302,000 after purchasing an additional 487 shares during the period. Calton & Associates Inc. lifted its holdings in shares of Phillips Edison & Company, Inc. by 1.8% in the 3rd quarter. Calton & Associates Inc. now owns 37,233 shares of the company's stock worth $1,404,000 after purchasing an additional 641 shares in the last quarter. Finally, KBC Group NV grew its position in Phillips Edison & Company, Inc. by 21.9% in the 3rd quarter. KBC Group NV now owns 3,902 shares of the company's stock valued at $147,000 after purchasing an additional 700 shares during the period. 80.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PECO has been the topic of several research reports. Mizuho upped their price objective on shares of Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an "outperform" rating in a report on Monday, August 19th. Wolfe Research raised shares of Phillips Edison & Company, Inc. from a "peer perform" rating to an "outperform" rating and set a $44.00 price target on the stock in a research report on Wednesday, November 13th. Wells Fargo & Company raised Phillips Edison & Company, Inc. from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $34.00 to $37.00 in a report on Wednesday, August 28th. Finally, Compass Point raised their target price on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a "neutral" rating in a 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $38.43.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ PECO traded down $0.06 during midday trading on Friday, reaching $39.27. The company's stock had a trading volume of 859,472 shares, compared to its average volume of 648,382. The firm has a 50 day moving average price of $38.02 and a 200-day moving average price of $35.73. The stock has a market capitalization of $4.81 billion, a P/E ratio of 85.37, a PEG ratio of 3.60 and a beta of 0.57. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.52). Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The company had revenue of $165.50 million for the quarter, compared to analyst estimates of $157.20 million. During the same period last year, the business earned $0.58 earnings per share. The firm's revenue was up 8.5% on a year-over-year basis. On average, equities analysts predict that Phillips Edison & Company, Inc. will post 2.42 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis 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 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.