Aurora Private Wealth Inc. acquired a new stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 147,347 shares of the company's stock, valued at approximately $5,377,000. Phillips Edison & Company, Inc. makes up approximately 1.4% of Aurora Private Wealth Inc.'s portfolio, making the stock its 13th largest position. Aurora Private Wealth Inc. owned 0.12% of Phillips Edison & Company, Inc. as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Phillips Edison & Company, Inc. by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 19,322,342 shares of the company's stock valued at $723,815,000 after acquiring an additional 82,913 shares in the last quarter. Wellington Management Group LLP raised its stake 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 valued at $282,370,000 after acquiring an additional 161,963 shares during the last quarter. FMR LLC raised its stake in shares of Phillips Edison & Company, Inc. by 14.6% during the fourth quarter. FMR LLC now owns 3,026,358 shares of the company's stock valued at $113,367,000 after acquiring an additional 385,983 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Phillips Edison & Company, Inc. by 2.4% during 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 period. Finally, JPMorgan Chase & Co. increased its position in shares of Phillips Edison & Company, Inc. by 53.6% during 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 period. Hedge funds and other institutional investors own 80.70% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on PECO shares. Barclays started coverage on shares of Phillips Edison & Company, Inc. in a report on Wednesday. They issued an "equal weight" rating and a $37.00 price objective on the stock. Wells Fargo & Company decreased their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $38.67.
Read Our Latest Report on Phillips Edison & Company, Inc.
Phillips Edison & Company, Inc. Trading Up 0.3%
PECO stock traded up $0.12 on Friday, hitting $35.19. The company's stock had a trading volume of 441,201 shares, compared to its average volume of 732,298. The firm has a 50 day moving average of $35.32 and a two-hundred day moving average of $35.87. Phillips Edison & Company, Inc. has a 1 year low of $31.98 and a 1 year high of $40.12. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 61.73, a price-to-earnings-growth ratio of 1.24 and a beta of 0.55.
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 for the quarter, topping analysts' consensus estimates of $0.63 by $0.02. Phillips Edison & Company, Inc. had a net margin of 10.51% and a return on equity of 2.73%. The business had revenue of $178.31 million for the quarter, compared to analysts' expectations of $170.59 million. During the same period in the prior year, the company posted $0.60 EPS. The business's revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.
Phillips Edison & Company, Inc. Dividend Announcement
The firm also recently announced a dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 17th were issued a dividend of $0.1025 per share. The ex-dividend date was Monday, June 16th. This represents a yield of 3.5%. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is currently 215.79%.
About Phillips Edison & Company, Inc.
(
Free Report)
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.
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