Orion Portfolio Solutions LLC Cuts Stock Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Orion Portfolio Solutions LLC decreased its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,222 shares of the company’s stock after selling 3,413 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Phillips Edison & Company, Inc. were worth $1,170,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PECO. Verition Fund Management LLC raised its position in shares of Phillips Edison & Company, Inc. by 191.3% in the 3rd quarter. Verition Fund Management LLC now owns 22,802 shares of the company’s stock worth $860,000 after purchasing an additional 14,975 shares during the last quarter. Centiva Capital LP bought a new stake in Phillips Edison & Company, Inc. during the 3rd quarter valued at about $318,000. Holocene Advisors LP raised its holdings in Phillips Edison & Company, Inc. by 24.6% in the third quarter. Holocene Advisors LP now owns 84,828 shares of the company’s stock worth $3,199,000 after buying an additional 16,723 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of Phillips Edison & Company, Inc. by 26.9% in the third quarter. HighTower Advisors LLC now owns 31,411 shares of the company’s stock worth $1,191,000 after buying an additional 6,666 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Phillips Edison & Company, Inc. by 578.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 139,146 shares of the company’s stock valued at $5,247,000 after buying an additional 118,640 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

Phillips Edison & Company, Inc. Stock Performance

PECO stock opened at $34.98 on Friday. The business’s 50-day moving average is $36.12 and its two-hundred day moving average is $37.20. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 69.96, a P/E/G ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $40.12.

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

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a $0.1025 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.23 dividend on an annualized basis and a yield of 3.52%. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 246.00%.

Analyst Ratings Changes

PECO has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their price objective on 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. Wells Fargo & Company dropped their price objective on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Finally, Mizuho decreased 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Phillips Edison & Company, Inc. currently has a consensus rating of “Moderate Buy” and an average target price of $38.83.

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.