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

BNP Paribas Financial Markets acquired a new stake in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 15,766 shares of the company's stock, valued at approximately $591,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP increased its holdings in Phillips Edison & Company, Inc. by 94.6% during the 4th quarter. Allworth Financial LP now owns 1,621 shares of the company's stock valued at $58,000 after acquiring an additional 788 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of Phillips Edison & Company, Inc. in the fourth quarter valued at approximately $68,000. FIL Ltd increased its stake in shares of Phillips Edison & Company, Inc. by 17.8% during the 4th 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. Blue Trust Inc. raised its position in shares of Phillips Edison & Company, Inc. by 24.9% during the 4th quarter. Blue Trust Inc. now owns 3,023 shares of the company's stock worth $113,000 after purchasing an additional 603 shares during the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Phillips Edison & Company, Inc. by 784.3% during the 4th quarter. Sterling Capital Management LLC now owns 3,387 shares of the company's stock worth $127,000 after purchasing an additional 3,004 shares during the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PECO has been the topic of a number of analyst 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 report on Tuesday, February 25th. Wells Fargo & Company decreased 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 research note on Wednesday, March 26th. Three 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 target price of $38.83.

Phillips Edison & Company, Inc. Price Performance

PECO traded up $0.64 during trading on Thursday, hitting $35.44. The company's stock had a trading volume of 794,460 shares, compared to its average volume of 718,169. Phillips Edison & Company, Inc. has a twelve month low of $30.86 and a twelve month high of $40.12. The stock has a market cap of $4.44 billion, a PE ratio of 70.88, a PEG ratio of 1.70 and a beta of 0.57. The firm's 50 day moving average price is $35.34 and its 200-day moving average price is $36.55.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its 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 return on equity of 2.40% and a net margin of 9.48%. The firm had revenue of $178.31 million during the quarter, compared to analyst estimates of $170.59 million. During the same period in the prior year, the firm posted $0.60 earnings per share. The business's quarterly revenue was up 10.2% compared to the same quarter last year. 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 business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be paid a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Monday, June 16th. Phillips Edison & Company, Inc.'s dividend payout ratio is currently 215.79%.

Phillips Edison & Company, Inc. Company 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.