Y Intercept Hong Kong Ltd Acquires New Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Y Intercept Hong Kong Ltd bought a new stake in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,535 shares of the company's stock, valued at approximately $657,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Phillips Edison & Company, Inc. by 408.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 765,822 shares of the company's stock valued at $28,879,000 after purchasing an additional 615,076 shares in the last quarter. Duff & Phelps Investment Management Co. boosted its stake in Phillips Edison & Company, Inc. by 50.1% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,474,130 shares of the company's stock valued at $55,589,000 after buying an additional 492,160 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Phillips Edison & Company, Inc. by 578.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 139,146 shares of the company's stock valued at $5,247,000 after buying an additional 118,640 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Phillips Edison & Company, Inc. by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,094,331 shares of the company's stock valued at $78,977,000 after acquiring an additional 102,519 shares during the period. Finally, International Assets Investment Management LLC raised its stake in Phillips Edison & Company, Inc. by 3,092.8% during the third quarter. International Assets Investment Management LLC now owns 104,117 shares of the company's stock worth $3,926,000 after acquiring an additional 100,856 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

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Phillips Edison & Company, Inc. Stock Down 0.8 %

NASDAQ:PECO traded down $0.29 during mid-day trading on Tuesday, reaching $36.94. 307,593 shares of the company were exchanged, compared to its average volume of 578,906. The stock has a market cap of $4.62 billion, a PE ratio of 73.81, a PEG ratio of 1.70 and a beta of 0.58. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The company has a fifty day moving average of $36.60 and a 200 day moving average of $37.40.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.62 EPS for the quarter, beating 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%. On average, equities research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be given a dividend of $0.1025 per share. The ex-dividend date is Monday, March 17th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.33%. Phillips Edison & Company, Inc.'s payout ratio is currently 246.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. Wolfe Research upgraded 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. JPMorgan Chase & Co. dropped 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 cut their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Phillips Edison & Company, Inc. currently has an average rating of "Moderate Buy" and a consensus price target of $39.00.

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.