Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Sold by Focus Partners Wealth

Focus Partners Wealth reduced its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 25.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,301 shares of the company's stock after selling 9,899 shares during the period. Focus Partners Wealth's holdings in Phillips Edison & Company, Inc. were worth $1,098,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Deutsche Bank AG boosted its holdings in shares of Phillips Edison & Company, Inc. by 10.4% in the 4th quarter. Deutsche Bank AG now owns 359,788 shares of the company's stock worth $13,478,000 after purchasing an additional 33,933 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of Phillips Edison & Company, Inc. in the 4th quarter worth $322,000. Brevan Howard Capital Management LP bought a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter worth $221,000. BNP Paribas Financial Markets bought a new stake in shares of Phillips Edison & Company, Inc. in the fourth quarter valued at about $591,000. Finally, American Trust Investment Advisors LLC lifted its stake in Phillips Edison & Company, Inc. by 26.9% in the fourth quarter. American Trust Investment Advisors LLC now owns 20,120 shares of the company's stock worth $754,000 after acquiring an additional 4,260 shares during the period. 80.70% of the stock is currently owned by institutional investors.

Phillips Edison & Company, Inc. Price Performance

Phillips Edison & Company, Inc. stock traded down $0.76 during trading hours on Tuesday, hitting $35.44. 571,723 shares of the stock traded hands, compared to its average volume of 717,831. The firm's 50 day moving average price is $35.43 and its 200-day moving average price is $36.74. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 70.88, a P/E/G ratio of 1.70 and a beta of 0.57. 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 issued its quarterly earnings results on Thursday, April 24th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. The company had revenue of $178.31 million for the quarter, compared to the consensus estimate of $170.59 million. During the same quarter in the prior year, the company earned $0.60 EPS. Phillips Edison & Company, Inc.'s quarterly revenue was up 10.2% on a year-over-year basis. Research analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be issued a $0.1025 dividend. This represents a $1.23 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Monday, June 16th. Phillips Edison & Company, Inc.'s payout ratio is currently 215.79%.

Wall Street Analyst Weigh In

PECO has been the topic of a number of recent research reports. Mizuho dropped their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th. Wells Fargo & Company reduced their price objective 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $38.83.

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.