Aurora Private Wealth Inc. Purchases New Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Aurora Private Wealth Inc. acquired 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 fund acquired 147,347 shares of the company's stock, valued at approximately $5,377,000. Aurora Private Wealth Inc. owned approximately 0.12% of Phillips Edison & Company, Inc. as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Fifth Third Bancorp increased its holdings in shares of Phillips Edison & Company, Inc. by 78.1% in the first quarter. Fifth Third Bancorp now owns 732 shares of the company's stock valued at $27,000 after buying an additional 321 shares in the last quarter. CX Institutional acquired a new position in shares of Phillips Edison & Company, Inc. in the 1st quarter worth $30,000. 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 stake in shares of Phillips Edison & Company, Inc. during the fourth quarter worth $54,000. Finally, Allworth Financial LP lifted its holdings in shares of Phillips Edison & Company, Inc. by 94.6% during the fourth quarter. Allworth Financial LP now owns 1,621 shares of the company's stock valued at $58,000 after purchasing an additional 788 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Stock Up 1.5%

Shares of Phillips Edison & Company, Inc. stock traded up $0.53 during midday trading on Thursday, hitting $35.01. The company's stock had a trading volume of 1,143,978 shares, compared to its average volume of 731,008. Phillips Edison & Company, Inc. has a 1-year low of $31.98 and a 1-year high of $40.12. The firm has a market capitalization of $4.39 billion, a P/E ratio of 13.90, a PEG ratio of 1.21 and a beta of 0.56. The stock has a 50-day simple moving average of $35.40 and a 200-day simple moving average of $36.06.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.02. The firm 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 2.73% and a net margin of 10.51%. The business's quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company posted $0.60 EPS. As a group, sell-side analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The business 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. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, June 16th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is currently 215.79%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company cut 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 report on Wednesday, March 26th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Phillips Edison & Company, Inc. has a consensus rating of "Hold" and a consensus target price of $39.00.

Phillips Edison & Company, Inc. 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.