Aurora Private Wealth Inc. Invests $5.38 Million in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Aurora Private Wealth Inc. bought a new stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PECO. Fifth Third Bancorp lifted its holdings in Phillips Edison & Company, Inc. by 78.1% in the first quarter. Fifth Third Bancorp now owns 732 shares of the company's stock worth $27,000 after buying an additional 321 shares during the period. CX Institutional bought a new position in shares of Phillips Edison & Company, Inc. in the 1st quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB lifted its stake 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 valued at $50,000 after purchasing an additional 602 shares during the period. State of Wyoming purchased a new position in shares of Phillips Edison & Company, Inc. in the 4th quarter valued at approximately $54,000. Finally, Allworth Financial LP boosted its position 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 in the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

Analyst Ratings Changes

Separately, Wells Fargo & Company decreased their price objective on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $39.00.

Phillips Edison & Company, Inc. Stock Down 0.3%

Shares of PECO stock traded down $0.11 during trading hours on Friday, hitting $34.90. 1,234,587 shares of the company's stock traded hands, compared to its average volume of 733,999. The stock's fifty day simple moving average is $35.35 and its two-hundred day simple moving average is $36.01. Phillips Edison & Company, Inc. has a 12-month low of $31.98 and a 12-month high of $40.12. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 61.23, a PEG ratio of 1.23 and a beta of 0.56.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.02. Phillips Edison & Company, Inc. had a return on equity of 2.73% and a net margin of 10.51%. The company had revenue of $178.31 million during the quarter, compared to analyst estimates of $170.59 million. During the same quarter last year, the company earned $0.60 EPS. The firm's revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 17th will be given a $0.1025 dividend. 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 is presently 215.79%.

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.