BNP Paribas Financial Markets Acquires New Shares in Phillips Edison & Company, Inc. (NASDAQ:PECO)

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PECO. Vanguard Group Inc. raised its stake in shares of Phillips Edison & Company, Inc. by 0.4% during 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 last quarter. Wellington Management Group LLP raised its position in Phillips Edison & Company, Inc. by 2.2% during 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 holdings 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 valued at $113,367,000 after acquiring an additional 385,983 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Phillips Edison & Company, Inc. by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,517 shares of the company's stock worth $80,371,000 after purchasing an additional 51,186 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of 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 purchasing an additional 606,055 shares during the period. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO stock traded up $0.47 on Thursday, reaching $35.27. 47,843 shares of the company were exchanged, compared to its average volume of 714,484. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 70.55, a P/E/G ratio of 1.70 and a beta of 0.57. The business has a 50-day moving average price of $35.35 and a 200 day moving average price of $36.58. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12.

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 (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 period in the previous year, the firm posted $0.60 EPS. Phillips Edison & Company, Inc.'s revenue was up 10.2% compared to the same quarter last year. As a group, equities analysts anticipate 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 declared a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be given a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Monday, June 16th. Phillips Edison & Company, Inc.'s payout ratio is 215.79%.

Analyst Ratings Changes

Several equities analysts recently issued reports on PECO shares. Wells Fargo & Company decreased their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Mizuho decreased their price objective on shares of 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $38.83.

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.