Phillips Edison & Company, Inc. (NASDAQ:PECO) Stock Position Decreased by Apeiron RIA LLC

Apeiron RIA LLC decreased its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 11.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,180 shares of the company’s stock after selling 1,666 shares during the quarter. Apeiron RIA LLC’s holdings in Phillips Edison & Company, Inc. were worth $494,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in Phillips Edison & Company, Inc. by 16.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,250,731 shares of the company’s stock valued at $40,911,000 after acquiring an additional 179,775 shares during the last quarter. Ensign Peak Advisors Inc lifted its stake in shares of Phillips Edison & Company, Inc. by 18.5% in the 2nd quarter. Ensign Peak Advisors Inc now owns 51,347 shares of the company’s stock valued at $1,680,000 after purchasing an additional 8,015 shares during the last quarter. Xponance Inc. boosted its holdings in Phillips Edison & Company, Inc. by 6.3% in the second quarter. Xponance Inc. now owns 7,789 shares of the company’s stock worth $255,000 after purchasing an additional 465 shares in the last quarter. Marshall Wace LLP acquired a new position in Phillips Edison & Company, Inc. during the second quarter worth $2,527,000. Finally, Point72 DIFC Ltd bought a new position in Phillips Edison & Company, Inc. during the second quarter valued at about $285,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Performance

NASDAQ PECO opened at $36.30 on Friday. The stock has a 50-day simple moving average of $37.97 and a 200 day simple moving average of $36.96. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $40.12. The stock has a market capitalization of $4.45 billion, a PE ratio of 78.91, a P/E/G 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). The business had revenue of $165.50 million for the quarter, compared to analyst estimates of $157.20 million. Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 earnings per share. As a group, equities research analysts forecast that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

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

Analysts Set New Price Targets

Several analysts have recently issued reports on PECO shares. Mizuho upped their price target on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. 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 research report on Tuesday, January 7th. Finally, 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 report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.50.

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.