Perpetual Ltd Increases Stock Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Perpetual Ltd raised its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 39.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,460 shares of the company’s stock after purchasing an additional 4,380 shares during the period. Perpetual Ltd’s holdings in Phillips Edison & Company, Inc. were worth $579,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PECO. V Square Quantitative Management LLC bought a new position in shares of Phillips Edison & Company, Inc. during the third quarter valued at $28,000. Legacy Investment Solutions LLC purchased a new position in Phillips Edison & Company, Inc. in the 3rd quarter worth about $36,000. Blue Trust Inc. lifted its stake in Phillips Edison & Company, Inc. by 15.5% during the 3rd quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock valued at $91,000 after acquiring an additional 325 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Phillips Edison & Company, Inc. by 31.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,330 shares of the company’s stock valued at $126,000 after acquiring an additional 803 shares during the last quarter. Finally, Tsfg LLC bought a new stake in shares of Phillips Edison & Company, Inc. in the third quarter worth approximately $127,000. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Price Performance

NASDAQ:PECO opened at $35.81 on Thursday. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $40.12. The business has a fifty day moving average price of $38.02 and a 200-day moving average price of $36.97. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 77.85, a price-to-earnings-growth ratio of 3.13 and a beta of 0.59.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $157.20 million. During the same quarter in the previous year, the company earned $0.58 EPS. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts expect that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were issued a $0.1025 dividend. This represents a yield of 3.13%. This is a positive change from Phillips Edison & Company, Inc.’s previous dividend of $0.10. The ex-dividend date was Monday, December 16th. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 267.39%.

Analyst Ratings Changes

A number of brokerages recently weighed in on PECO. 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 on the stock in a research report on Tuesday, January 7th. Wolfe Research upgraded 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 note on Wednesday, November 13th. Finally, Mizuho upped their price objective on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.50.

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.