Charles Schwab Investment Management Inc. Boosts Stake in Phillips Edison & Company, Inc. $PECO

Charles Schwab Investment Management Inc. raised its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 1.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,174,051 shares of the company's stock after buying an additional 28,534 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.73% of Phillips Edison & Company, Inc. worth $79,331,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in PECO. Wells Fargo & Company MN raised its stake in Phillips Edison & Company, Inc. by 29.3% during the fourth quarter. Wells Fargo & Company MN now owns 76,673 shares of the company's stock valued at $2,872,000 after buying an additional 17,392 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Phillips Edison & Company, Inc. by 14.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 81,068 shares of the company's stock valued at $3,037,000 after buying an additional 10,183 shares during the last quarter. Bank of Montreal Can raised its stake in Phillips Edison & Company, Inc. by 24.7% during the fourth quarter. Bank of Montreal Can now owns 111,333 shares of the company's stock valued at $4,171,000 after buying an additional 22,033 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Phillips Edison & Company, Inc. by 3.3% in the 4th quarter. Invesco Ltd. now owns 393,621 shares of the company's stock worth $14,745,000 after purchasing an additional 12,521 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Phillips Edison & Company, Inc. in the fourth quarter worth $4,141,000. Hedge funds and other institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Stock Performance

NASDAQ:PECO remained flat at $33.83 during mid-day trading on Monday. The company's stock had a trading volume of 142,165 shares, compared to its average volume of 792,771. The company has a 50 day moving average of $34.71 and a two-hundred day moving average of $35.31. Phillips Edison & Company, Inc. has a twelve month low of $32.40 and a twelve month high of $40.12. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 61.51, a price-to-earnings-growth ratio of 1.15 and a beta of 0.54.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. Phillips Edison & Company, Inc. had a return on equity of 2.64% and a net margin of 9.91%. The business had revenue of $173.47 million during the quarter, compared to analyst estimates of $174.38 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. Phillips Edison & Company, Inc.'s revenue for the quarter was up 10.1% on a year-over-year basis. As a group, equities research analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Friday, August 15th will be issued a $0.1025 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a c) dividend on an annualized basis and a yield of 3.6%. Phillips Edison & Company, Inc.'s payout ratio is currently 223.64%.

Analysts Set New Price Targets

Several research firms have recently weighed in on PECO. Mizuho decreased their price target on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating for the company in a research note on Thursday, July 17th. Barclays began coverage on Phillips Edison & Company, Inc. in a research note on Wednesday, July 2nd. They issued an "equal weight" rating and a $37.00 price target for the company. Finally, Wall Street Zen cut Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $38.50.

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.