BNP Paribas Financial Markets Acquires Shares of 15,766 Phillips Edison & Company, Inc. (NASDAQ:PECO)

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

A number of other hedge funds have also added to or reduced their stakes in the business. Arizona State Retirement System increased its holdings in Phillips Edison & Company, Inc. by 0.8% in the fourth quarter. Arizona State Retirement System now owns 35,534 shares of the company's stock worth $1,331,000 after purchasing an additional 290 shares in the last quarter. FIL Ltd increased its holdings 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 purchasing an additional 325 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Phillips Edison & Company, Inc. by 0.3% in the fourth quarter. State of Alaska Department of Revenue now owns 128,465 shares of the company's stock worth $4,811,000 after purchasing an additional 344 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Phillips Edison & Company, Inc. by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 20,185 shares of the company's stock valued at $756,000 after acquiring an additional 510 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Phillips Edison & Company, Inc. by 13.4% during the fourth quarter. KBC Group NV now owns 4,424 shares of the company's stock worth $166,000 after purchasing an additional 522 shares during the period. 80.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PECO has been the topic of a number of research reports. Mizuho lowered their target price on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th. Wells Fargo & Company lowered their target price on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Phillips Edison & Company, Inc. currently has a consensus rating of "Moderate Buy" and an average price target of $38.83.

Phillips Edison & Company, Inc. Trading Down 0.6%

Phillips Edison & Company, Inc. stock traded down $0.22 during trading on Wednesday, hitting $34.68. 233,509 shares of the company were exchanged, compared to its average volume of 715,390. The business's 50 day moving average is $35.35 and its 200 day moving average is $36.59. Phillips Edison & Company, Inc. has a 52 week low of $30.62 and a 52 week high of $40.12. The company has a market capitalization of $4.35 billion, a P/E ratio of 69.53, a PEG ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings results 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 business 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 company posted $0.60 earnings per share. Phillips Edison & Company, Inc.'s revenue was up 10.2% compared to the same quarter last year. Equities analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

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. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.23 annualized dividend and a yield of 3.55%. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) 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.