Commonwealth Equity Services LLC Has $7.31 Million Stake in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Commonwealth Equity Services LLC decreased its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 0.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 195,127 shares of the company’s stock after selling 675 shares during the quarter. Commonwealth Equity Services LLC owned about 0.16% of Phillips Edison & Company, Inc. worth $7,309,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in shares of Phillips Edison & Company, Inc. during the 3rd quarter worth approximately $36,000. Allworth Financial LP grew its position in Phillips Edison & Company, Inc. by 94.6% in the 4th quarter. Allworth Financial LP now owns 1,621 shares of the company’s stock valued at $58,000 after purchasing an additional 788 shares during the period. Blue Trust Inc. grew its position in Phillips Edison & Company, Inc. by 24.9% in the 4th quarter. Blue Trust Inc. now owns 3,023 shares of the company’s stock valued at $113,000 after purchasing an additional 603 shares during the period. 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. Finally, Eukles Asset Management acquired a new stake in Phillips Edison & Company, Inc. in the 4th quarter valued at $156,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analyst Ratings Changes

PECO has been the subject of several research reports. Mizuho reduced their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price target on shares of 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, Wells Fargo & Company dropped their price objective on 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. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Phillips Edison & Company, Inc. currently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Phillips Edison & Company, Inc. Price Performance

NASDAQ PECO opened at $35.26 on Friday. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 70.52, a PEG ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $40.12. The business’s fifty day moving average is $36.10 and its 200-day moving average is $37.32.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its earnings results on Thursday, February 6th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.50. Phillips Edison & Company, Inc. had a return on equity of 2.40% and a net margin of 9.48%. Research analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Tuesday, April 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 246.00%.

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.