M Holdings Securities Inc. Lowers Stock Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

M Holdings Securities Inc. trimmed its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 31.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,260 shares of the company’s stock after selling 7,967 shares during the quarter. M Holdings Securities Inc.’s holdings in Phillips Edison & Company, Inc. were worth $651,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. 1620 Investment Advisors Inc. purchased a new position in shares of Phillips Edison & Company, Inc. in the second quarter valued at approximately $26,000. V Square Quantitative Management LLC acquired a new position in Phillips Edison & Company, Inc. during the 3rd quarter worth $28,000. Hobbs Group Advisors LLC purchased a new stake in Phillips Edison & Company, Inc. during the 2nd quarter worth about $39,000. PFG Private Wealth Management LLC purchased a new stake in shares of Phillips Edison & Company, Inc. during the second quarter worth approximately $62,000. Finally, Blue Trust Inc. increased its position in shares of Phillips Edison & Company, Inc. by 160.2% in the 2nd quarter. Blue Trust Inc. now owns 2,095 shares of the company’s stock valued at $75,000 after purchasing an additional 1,290 shares during the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on PECO shares. Compass Point raised their price target on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Mizuho boosted their target price on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Wolfe Research upgraded shares of 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 research note on Wednesday, November 13th. Finally, Wells Fargo & Company raised shares of Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $34.00 to $37.00 in a report on Wednesday, August 28th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $38.43.

Phillips Edison & Company, Inc. Trading Up 0.7 %

Shares of PECO opened at $39.33 on Friday. The company’s 50 day simple moving average is $37.79 and its 200-day simple moving average is $35.24. The firm has a market cap of $4.82 billion, a PE ratio of 85.50, a price-to-earnings-growth ratio of 3.59 and a beta of 0.57. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $39.83.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its 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 during the quarter, compared to analysts’ expectations of $157.20 million. Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. Phillips Edison & Company, Inc.’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $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. Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Tuesday, February 18th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 267.39%.

About Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc (PECO) is one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers.