Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Bought by Barclays PLC

Barclays PLC lifted its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 19.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 333,297 shares of the company's stock after purchasing an additional 53,865 shares during the quarter. Barclays PLC owned about 0.27% of Phillips Edison & Company, Inc. worth $12,486,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP grew its stake in Phillips Edison & Company, Inc. by 94.6% during the fourth quarter. Allworth Financial LP now owns 1,621 shares of the company's stock worth $58,000 after buying an additional 788 shares during the period. FIL Ltd boosted its position in Phillips Edison & Company, Inc. by 17.8% during the 4th quarter. FIL Ltd now owns 2,155 shares of the company's stock worth $81,000 after purchasing an additional 325 shares during the period. Blue Trust Inc. increased its holdings 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 in the last quarter. Sterling Capital Management LLC raised its position in Phillips Edison & Company, Inc. by 784.3% in the fourth quarter. Sterling Capital Management LLC now owns 3,387 shares of the company's stock valued at $127,000 after purchasing an additional 3,004 shares during the period. Finally, Eukles Asset Management purchased a new position in Phillips Edison & Company, Inc. in the fourth quarter valued at about $156,000. Institutional investors and hedge funds own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Trading Down 0.4 %

NASDAQ PECO traded down $0.14 during trading hours on Friday, reaching $35.08. 1,259,650 shares of the company traded hands, compared to its average volume of 707,024. The stock has a market capitalization of $4.39 billion, a PE ratio of 70.16, a PEG ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The company has a 50 day moving average of $35.57 and a two-hundred day moving average of $36.91.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate 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%. On average, equities research 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 declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a $0.1025 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.51%. Phillips Edison & Company, Inc.'s payout ratio is currently 215.79%.

Analysts Set New Price Targets

PECO has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Mizuho reduced their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company decreased their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $38.83.

About Phillips Edison & Company, Inc.

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.