15,766 Shares in Phillips Edison & Company, Inc. (NASDAQ:PECO) Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets bought a new position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,766 shares of the company's stock, valued at approximately $591,000.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Phillips Edison & Company, Inc. by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 19,322,342 shares of the company's stock valued at $723,815,000 after buying an additional 82,913 shares during the period. Wellington Management Group LLP raised its holdings in Phillips Edison & Company, Inc. by 2.2% in 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 in the last quarter. FMR LLC lifted its stake in Phillips Edison & Company, Inc. by 14.6% in the fourth quarter. FMR LLC now owns 3,026,358 shares of the company's stock worth $113,367,000 after acquiring an additional 385,983 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Phillips Edison & Company, Inc. by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,145,517 shares of the company's stock worth $80,371,000 after acquiring an additional 51,186 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Phillips Edison & Company, Inc. by 53.6% during the 4th quarter. JPMorgan Chase & Co. now owns 1,737,423 shares of the company's stock worth $65,084,000 after acquiring an additional 606,055 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PECO. Wells Fargo & Company reduced their price objective on shares of 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. Mizuho cut their price target on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $38.83.

Phillips Edison & Company, Inc. Stock Performance

NASDAQ PECO traded up $0.96 on Tuesday, reaching $34.90. The stock had a trading volume of 913,750 shares, compared to its average volume of 717,220. The stock has a market cap of $4.38 billion, a P/E ratio of 69.80, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12. The business's 50-day moving average price is $35.36 and its 200 day moving average price is $36.60.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. The firm had revenue of $178.31 million during the quarter, compared to the consensus estimate of $170.59 million. During the same quarter in the prior year, the firm earned $0.60 EPS. Phillips Edison & Company, Inc.'s revenue for the quarter was up 10.2% on a year-over-year basis. On average, sell-side analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Investors 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 3.52%. The ex-dividend date is Monday, June 16th. Phillips Edison & Company, Inc.'s dividend payout ratio is currently 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.