SG Americas Securities LLC Takes $5.07 Million Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

SG Americas Securities LLC purchased a new position in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 139,007 shares of the company's stock, valued at approximately $5,072,000. SG Americas Securities LLC owned about 0.11% of Phillips Edison & Company, Inc. as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Phillips Edison & Company, Inc. by 79.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,360 shares of the company's stock worth $50,000 after acquiring an additional 602 shares during the last quarter. State of Wyoming acquired a new position in shares of Phillips Edison & Company, Inc. in the 4th quarter worth $54,000. Allworth Financial LP increased its stake in Phillips Edison & Company, Inc. by 94.6% in the 4th quarter. Allworth Financial LP now owns 1,621 shares of the company's stock worth $58,000 after purchasing an additional 788 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new position in Phillips Edison & Company, Inc. in the 4th quarter worth about $68,000. Finally, FIL Ltd increased its stake in Phillips Edison & Company, Inc. by 17.8% in the 4th quarter. FIL Ltd now owns 2,155 shares of the company's stock worth $81,000 after purchasing an additional 325 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Analyst Upgrades and Downgrades

PECO has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price target on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Mizuho dropped 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. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $39.00.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO stock traded down $0.30 on Monday, reaching $35.15. 627,017 shares of the company's stock traded hands, compared to its average volume of 730,867. Phillips Edison & Company, Inc. has a 12-month low of $31.75 and a 12-month high of $40.12. The company has a market capitalization of $4.41 billion, a P/E ratio of 70.30, a price-to-earnings-growth ratio of 1.70 and a beta of 0.56. The business's 50 day moving average price is $35.37 and its two-hundred day moving average price is $36.21.

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 return on equity of 2.40% and a net margin of 9.48%. The business had revenue of $178.31 million for the quarter, compared to the consensus estimate of $170.59 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. Phillips Edison & Company, Inc.'s revenue for the quarter was up 10.2% compared to the same quarter last year. Research analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.1025 per share. The ex-dividend date is Monday, June 16th. This represents a yield of 3.5%. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is presently 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.