Ameriprise Financial Inc. Sells 20,892 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Ameriprise Financial Inc. trimmed its position in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 401,131 shares of the company's stock after selling 20,892 shares during the quarter. Ameriprise Financial Inc. owned about 0.33% of Phillips Edison & Company, Inc. worth $15,027,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Allworth Financial LP lifted its position in Phillips Edison & Company, Inc. by 94.6% in the fourth quarter. Allworth Financial LP now owns 1,621 shares of the company's stock worth $58,000 after buying an additional 788 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in Phillips Edison & Company, Inc. in the fourth quarter worth $68,000. FIL Ltd lifted its position in Phillips Edison & Company, Inc. by 17.8% in the fourth quarter. FIL Ltd now owns 2,155 shares of the company's stock worth $81,000 after buying an additional 325 shares during the last quarter. Blue Trust Inc. lifted its position in Phillips Edison & Company, Inc. by 24.9% in the fourth quarter. Blue Trust Inc. now owns 3,023 shares of the company's stock worth $113,000 after buying an additional 603 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its position in Phillips Edison & Company, Inc. by 784.3% in the fourth quarter. Sterling Capital Management LLC now owns 3,387 shares of the company's stock worth $127,000 after buying an additional 3,004 shares during the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Stock Down 0.6%

NASDAQ:PECO traded down $0.20 during midday trading on Friday, hitting $33.94. The stock had a trading volume of 1,700,013 shares, compared to its average volume of 716,355. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $40.12. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 67.88, a PEG ratio of 1.70 and a beta of 0.57. The stock has a 50-day moving average of $35.38 and a 200 day moving average of $36.67.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $178.31 million for the quarter, compared to analysts' expectations of $170.59 million. During the same quarter in the prior year, the firm earned $0.60 earnings per share. Phillips Edison & Company, Inc.'s revenue was up 10.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be issued a $0.1025 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.23 annualized dividend and a dividend yield of 3.62%. Phillips Edison & Company, Inc.'s payout ratio is currently 215.79%.

Analyst Ratings Changes

A number of analysts recently issued reports on PECO shares. Mizuho lowered their price target 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 decreased their target price 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Phillips Edison & Company, Inc. has a consensus rating of "Moderate Buy" and an average price target of $38.83.

About Phillips Edison & Company, Inc.

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.