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 first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 139,007 shares of the company's stock, valued at approximately $5,072,000. SG Americas Securities LLC owned approximately 0.11% of Phillips Edison & Company, Inc. at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new position in Phillips Edison & Company, Inc. in the 4th quarter worth about $488,000. Charles Schwab Investment Management Inc. increased its stake in Phillips Edison & Company, Inc. by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,517 shares of the company's stock worth $80,371,000 after purchasing an additional 51,186 shares in the last quarter. Vert Asset Management LLC purchased a new position in Phillips Edison & Company, Inc. in the 1st quarter worth about $1,972,000. Natixis Advisors LLC increased its stake in Phillips Edison & Company, Inc. by 24.8% in the 4th quarter. Natixis Advisors LLC now owns 54,647 shares of the company's stock worth $2,047,000 after purchasing an additional 10,865 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Phillips Edison & Company, Inc. by 12.6% in the 4th quarter. LPL Financial LLC now owns 370,636 shares of the company's stock worth $13,884,000 after purchasing an additional 41,468 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. 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 lowered their target price 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. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Phillips Edison & Company, Inc. has an average rating of "Hold" and an average target price of $39.00.

Phillips Edison & Company, Inc. Trading Down 0.8%

NASDAQ:PECO traded down $0.27 on Friday, hitting $35.45. 682,766 shares of the company's stock traded hands, compared to its average volume of 731,284. Phillips Edison & Company, Inc. has a 1 year low of $31.75 and a 1 year high of $40.12. The firm has a 50-day moving average price of $35.34 and a 200-day moving average price of $36.27. The company has a market cap of $4.45 billion, a PE ratio of 70.90, a price-to-earnings-growth ratio of 1.70 and a beta of 0.56.

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

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be issued a dividend of $0.1025 per share. The ex-dividend date is Monday, June 16th. This represents a $1.23 annualized dividend and a dividend yield of 3.47%. Phillips Edison & Company, Inc.'s dividend 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.