Dimensional Fund Advisors LP Acquires 59,059 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Dimensional Fund Advisors LP increased its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,396,937 shares of the company's stock after purchasing an additional 59,059 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.14% of Phillips Edison & Company, Inc. worth $52,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Norges Bank purchased a new stake in Phillips Edison & Company, Inc. in the 4th quarter worth approximately $55,977,000. JPMorgan Chase & Co. increased its position in Phillips Edison & Company, Inc. by 53.6% during the 4th quarter. JPMorgan Chase & Co. now owns 1,737,423 shares of the company's stock valued at $65,084,000 after purchasing an additional 606,055 shares during the period. ExodusPoint Capital Management LP increased its position in Phillips Edison & Company, Inc. by 341.1% during the 4th quarter. ExodusPoint Capital Management LP now owns 499,336 shares of the company's stock valued at $18,705,000 after purchasing an additional 386,145 shares during the period. FMR LLC raised its holdings in Phillips Edison & Company, Inc. by 14.6% in the 4th 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. Finally, Aew Capital Management L P lifted its position in shares of Phillips Edison & Company, Inc. by 47.0% in the 4th quarter. Aew Capital Management L P now owns 627,889 shares of the company's stock worth $23,521,000 after purchasing an additional 200,819 shares during the period. Hedge funds and other institutional investors own 80.70% of the company's stock.

Analysts Set New Price Targets

PECO has been the topic of several research reports. JPMorgan Chase & Co. cut 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. Mizuho reduced their price target on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company lowered their price objective 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. has an average rating of "Moderate Buy" and an average target price of $38.83.

Phillips Edison & Company, Inc. Trading Down 0.4 %

NASDAQ:PECO traded down $0.14 during trading hours on Monday, reaching $35.41. 690,499 shares of the company traded hands, compared to its average volume of 710,292. The business's 50-day moving average price is $35.50 and its two-hundred day moving average price is $36.85. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12. The stock has a market capitalization of $4.44 billion, a P/E ratio of 70.82, a P/E/G ratio of 1.70 and a beta of 0.57.

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

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Friday, May 16th will be issued a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Friday, May 16th. Phillips Edison & Company, Inc.'s payout ratio is 215.79%.

Phillips Edison & Company, Inc. Company 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.