Entropy Technologies LP Reduces Stock Position in Phillips Edison & Company, Inc. $PECO

Key Points

• Entropy Technologies LP has decreased its holdings in Phillips Edison & Company, Inc. by 60.1%, selling 18,009 shares and leaving them with 11,945 shares valued at $436,000.
• The company recently reported quarterly earnings of $0.64 EPS, surpassing the consensus estimate of $0.63, with revenue of $173.47 million.
• Phillips Edison & Company, Inc. will pay a dividend of $0.1025 per share on September 3rd, representing a 3.6% dividend yield.

Entropy Technologies LP decreased its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 60.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,945 shares of the company's stock after selling 18,009 shares during the period. Entropy Technologies LP's holdings in Phillips Edison & Company, Inc. were worth $436,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Crossmark Global Holdings Inc. bought a new position in shares of Phillips Edison & Company, Inc. during the first quarter valued at approximately $242,000. Teacher Retirement System of Texas increased its stake in shares of Phillips Edison & Company, Inc. by 11.8% during the first quarter. Teacher Retirement System of Texas now owns 36,284 shares of the company's stock valued at $1,324,000 after purchasing an additional 3,841 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Phillips Edison & Company, Inc. by 4.7% during the first quarter. Principal Financial Group Inc. now owns 623,420 shares of the company's stock valued at $22,749,000 after purchasing an additional 28,255 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Phillips Edison & Company, Inc. during the first quarter valued at approximately $1,002,000. Finally, Vert Asset Management LLC bought a new position in shares of Phillips Edison & Company, Inc. during the first quarter valued at approximately $1,972,000. Institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ:PECO traded up $0.02 during trading on Monday, reaching $33.85. 176,744 shares of the stock traded hands, compared to its average volume of 793,066. The stock 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 52-week low of $32.40 and a 52-week high of $40.12. The stock has a market cap of $4.25 billion, a P/E ratio of 61.56, 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 posted its quarterly earnings results on Thursday, July 24th. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.01. Phillips Edison & Company, Inc. had a net margin of 9.91% and a return on equity of 2.64%. The firm had revenue of $173.47 million for the quarter, compared to analysts' expectations of $174.38 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. The business's revenue for the quarter was up 10.1% on a year-over-year basis. Sell-side analysts expect 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 announced 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 is Friday, August 15th. This represents a c) annualized dividend and a yield of 3.6%. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is currently 223.64%.

Analysts Set New Price Targets

A number of brokerages have weighed in on PECO. Wall Street Zen downgraded shares of Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Barclays assumed coverage on shares of Phillips Edison & Company, Inc. in a report on Wednesday, July 2nd. They set an "equal weight" rating and a $37.00 price target on the stock. Finally, Mizuho cut their price target on shares of Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating on the stock in a report on Thursday, July 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Phillips Edison & Company, Inc. currently has a consensus rating of "Hold" and a consensus target price of $38.50.

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.