Ameriflex Group Inc. Acquires Shares of 19,799 Phillips Edison & Company, Inc. (NASDAQ:PECO)

Ameriflex Group Inc. purchased a new stake in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 19,799 shares of the company's stock, valued at approximately $719,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Arizona State Retirement System grew its stake in Phillips Edison & Company, Inc. by 0.8% during the 4th quarter. Arizona State Retirement System now owns 35,534 shares of the company's stock valued at $1,331,000 after purchasing an additional 290 shares in the last quarter. FIL Ltd increased its position in shares of Phillips Edison & Company, Inc. by 17.8% during the 4th quarter. FIL Ltd now owns 2,155 shares of the company's stock valued at $81,000 after purchasing an additional 325 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of Phillips Edison & Company, Inc. by 0.3% in the 4th quarter. State of Alaska Department of Revenue now owns 128,465 shares of the company's stock worth $4,811,000 after acquiring an additional 344 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Phillips Edison & Company, Inc. by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 20,185 shares of the company's stock valued at $756,000 after buying an additional 510 shares in the last quarter. Finally, KBC Group NV boosted its position in Phillips Edison & Company, Inc. by 13.4% during the fourth quarter. KBC Group NV now owns 4,424 shares of the company's stock valued at $166,000 after purchasing an additional 522 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PECO shares. Mizuho cut their price objective on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating for the company in a research report on Tuesday, February 25th. Wells Fargo & Company dropped their price objective 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Phillips Edison & Company, Inc. presently has an average rating of "Hold" and a consensus price target of $39.00.

Phillips Edison & Company, Inc. Stock Performance

Phillips Edison & Company, Inc. stock traded up $0.02 during midday trading on Friday, reaching $35.46. 241,007 shares of the company's stock were exchanged, compared to its average volume of 716,336. Phillips Edison & Company, Inc. has a 52 week low of $30.86 and a 52 week high of $40.12. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 70.96, a P/E/G ratio of 1.70 and a beta of 0.57. The stock's 50-day simple moving average is $35.34 and its 200 day simple moving average is $36.55.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.65 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $170.59 million. During the same quarter last year, the company posted $0.60 earnings per share. Phillips Edison & Company, Inc.'s quarterly revenue was up 10.2% on a year-over-year basis. Research analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently disclosed 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. 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 Monday, June 16th. Phillips Edison & Company, Inc.'s dividend payout ratio 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.