Eukles Asset Management Invests $156,000 in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Eukles Asset Management purchased a new stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,174 shares of the company’s stock, valued at approximately $156,000.

Other large investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in Phillips Edison & Company, Inc. in the third quarter valued at $28,000. Legacy Investment Solutions LLC purchased a new position in shares of Phillips Edison & Company, Inc. during the third quarter worth about $36,000. Blue Trust Inc. increased its position in Phillips Edison & Company, Inc. by 15.5% in the 3rd quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock valued at $91,000 after acquiring an additional 325 shares during the period. GAMMA Investing LLC raised its stake in Phillips Edison & Company, Inc. by 31.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,330 shares of the company’s stock valued at $126,000 after acquiring an additional 803 shares during the last quarter. Finally, Tsfg LLC acquired a new stake in Phillips Edison & Company, Inc. during the 3rd quarter worth approximately $127,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Up 1.9 %

NASDAQ:PECO opened at $37.32 on Monday. The firm’s fifty day simple moving average is $37.38 and its 200-day simple moving average is $37.21. The stock has a market cap of $4.58 billion, a PE ratio of 74.64, a price-to-earnings-growth ratio of 1.76 and a beta of 0.58. 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 issued its earnings results on Thursday, February 6th. The company reported $0.62 earnings per share for the quarter, topping 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 anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were paid a $0.1025 dividend. This is an increase from Phillips Edison & Company, Inc.’s previous dividend of $0.10. This represents a yield of 3.13%. The ex-dividend date was Monday, December 16th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 246.00%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PECO. Mizuho boosted their target price on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Wells Fargo & Company dropped their price objective on shares of 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. 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, 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 research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Phillips Edison & Company, Inc. presently has a consensus rating of “Moderate Buy” and an average target price of $39.50.

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.