Cetera Investment Advisers Has $29.12 Million Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Cetera Investment Advisers reduced its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 777,242 shares of the company's stock after selling 74,697 shares during the quarter. Cetera Investment Advisers owned 0.63% of Phillips Edison & Company, Inc. worth $29,115,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Phillips Edison & Company, Inc. by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 19,322,342 shares of the company's stock worth $723,815,000 after acquiring an additional 82,913 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Phillips Edison & Company, Inc. by 2.2% during the fourth quarter. Wellington Management Group LLP now owns 7,537,917 shares of the company's stock worth $282,370,000 after purchasing an additional 161,963 shares during the last quarter. FMR LLC grew its stake in Phillips Edison & Company, Inc. by 14.6% in the fourth quarter. FMR LLC now owns 3,026,358 shares of the company's stock worth $113,367,000 after purchasing an additional 385,983 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Phillips Edison & Company, Inc. by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,145,517 shares of the company's stock valued at $80,371,000 after buying an additional 51,186 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Phillips Edison & Company, Inc. by 53.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,737,423 shares of the company's stock valued at $65,084,000 after buying an additional 606,055 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Analyst Upgrades and Downgrades

PECO has been the subject of several research reports. Wells Fargo & Company decreased their target price on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Mizuho lowered their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $38.83.

Phillips Edison & Company, Inc. Price Performance

Shares of Phillips Edison & Company, Inc. stock traded down $0.51 during trading on Tuesday, hitting $35.88. The stock had a trading volume of 203,756 shares, compared to its average volume of 716,945. The business has a fifty day moving average of $35.38 and a two-hundred day moving average of $36.81. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $40.12. The firm has a market cap of $4.50 billion, a P/E ratio of 71.76, a PEG ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.02. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. The company had revenue of $178.31 million during the quarter, compared to the consensus estimate of $170.59 million. During the same period in the prior year, the company earned $0.60 EPS. Phillips Edison & Company, Inc.'s revenue was up 10.2% on a year-over-year basis. As a group, research analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Friday, May 16th will be paid a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a yield of 3.43%. The ex-dividend date is Friday, May 16th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is currently 215.79%.

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.