Wellington Management Group LLP Has $282.37 Million Stock Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Wellington Management Group LLP increased its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,537,917 shares of the company’s stock after acquiring an additional 161,963 shares during the quarter. Wellington Management Group LLP owned about 6.02% of Phillips Edison & Company, Inc. worth $282,370,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PECO. Vanguard Group Inc. raised its position in shares of Phillips Edison & Company, Inc. by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 19,322,342 shares of the company’s stock valued at $723,815,000 after buying an additional 82,913 shares during the last quarter. State Street Corp increased its stake in Phillips Edison & Company, Inc. by 0.3% during the third quarter. State Street Corp now owns 7,068,684 shares of the company’s stock valued at $267,289,000 after acquiring an additional 18,429 shares during the period. Geode Capital Management LLC raised its holdings in Phillips Edison & Company, Inc. by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,190,836 shares of the company’s stock valued at $120,347,000 after acquiring an additional 19,205 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Phillips Edison & Company, Inc. by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,517 shares of the company’s stock worth $80,371,000 after acquiring an additional 51,186 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Phillips Edison & Company, Inc. by 53.6% during the 4th quarter. JPMorgan Chase & Co. now owns 1,737,423 shares of the company’s stock worth $65,084,000 after purchasing an additional 606,055 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on PECO. Mizuho reduced their target price on 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 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, Wells Fargo & Company lowered their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.83.

Phillips Edison & Company, Inc. Stock Up 1.0 %

Shares of Phillips Edison & Company, Inc. stock opened at $36.86 on Wednesday. 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 $4.61 billion, a P/E ratio of 73.72, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57. The company has a 50-day simple moving average of $36.12 and a 200 day simple moving average of $37.23.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its earnings results on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a $0.1025 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.34%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 246.00%.

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.