Phillips Edison & Company, Inc. (NASDAQ:PECO) Stock Position Lowered by Accel Wealth Management

Accel Wealth Management trimmed its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 2.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 33,055 shares of the company’s stock after selling 878 shares during the quarter. Accel Wealth Management’s holdings in Phillips Edison & Company, Inc. were worth $1,238,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. M&T Bank Corp grew its stake in Phillips Edison & Company, Inc. by 2.9% during the 3rd quarter. M&T Bank Corp now owns 10,883 shares of the company’s stock valued at $410,000 after acquiring an additional 307 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Phillips Edison & Company, Inc. by 15.5% in the third quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock worth $91,000 after purchasing an additional 325 shares during the period. Xponance Inc. grew its position in Phillips Edison & Company, Inc. by 6.3% in the 2nd quarter. Xponance Inc. now owns 7,789 shares of the company’s stock worth $255,000 after purchasing an additional 465 shares during the last quarter. Private Advisor Group LLC grew its position in 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 buying an additional 487 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Phillips Edison & Company, Inc. by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 20,185 shares of the company’s stock valued at $756,000 after purchasing an additional 510 shares during the period. 80.70% of the stock is owned by institutional investors.

Phillips Edison & Company, Inc. Stock Up 0.9 %

Shares of Phillips Edison & Company, Inc. stock opened at $36.62 on Friday. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12. The stock has a market capitalization of $4.49 billion, a P/E ratio of 79.61, a price-to-earnings-growth ratio of 3.13 and a beta of 0.59. The company has a 50-day simple moving average of $37.92 and a 200 day simple moving average of $36.99.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.52). The firm 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 business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.58 EPS. On average, equities analysts anticipate that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current year.

Phillips Edison & Company, Inc. Increases Dividend

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

Analyst Ratings Changes

PECO has been the subject of several research reports. Mizuho raised their target price on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. reduced 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, Wolfe Research raised shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.