Focus Partners Wealth reduced its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 25.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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.
Several other hedge funds and other institutional investors have also modified their holdings of PECO. Barclays PLC boosted its position in shares of Phillips Edison & Company, Inc. by 49.2% during the third quarter. Barclays PLC now owns 279,432 shares of the company's stock worth $10,538,000 after buying an additional 92,129 shares during the period. Wealthcare Advisory Partners LLC boosted its holdings in Phillips Edison & Company, Inc. by 63.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,901 shares of the company's stock valued at $408,000 after purchasing an additional 4,228 shares during the period. Arkadios Wealth Advisors boosted its holdings in Phillips Edison & Company, Inc. by 49.2% in the fourth quarter. Arkadios Wealth Advisors now owns 52,157 shares of the company's stock valued at $1,954,000 after purchasing an additional 17,192 shares during the period. Perpetual Ltd boosted its holdings in Phillips Edison & Company, Inc. by 39.5% in the fourth quarter. Perpetual Ltd now owns 15,460 shares of the company's stock valued at $579,000 after purchasing an additional 4,380 shares during the period. Finally, MCF Advisors LLC boosted its holdings in Phillips Edison & Company, Inc. by 47.4% in the fourth quarter. MCF Advisors LLC now owns 5,200 shares of the company's stock valued at $195,000 after purchasing an additional 1,672 shares during the period. 80.70% of the stock is currently owned by hedge funds and other institutional investors.
Phillips Edison & Company, Inc. Stock Performance
NASDAQ PECO traded down $0.20 during trading on Friday, reaching $33.94. 1,700,013 shares of the company's stock were exchanged, compared to its average volume of 716,355. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12. The stock has a market cap of $4.26 billion, a P/E ratio of 67.88, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57. The company has a 50 day moving average price of $35.38 and a two-hundred day moving average price of $36.67.
Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its 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 return on equity of 2.40% and a net margin of 9.48%. The business had revenue of $178.31 million for the quarter, compared to analyst estimates of $170.59 million. During the same quarter last year, the company earned $0.60 EPS. The business'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 EPS for the current fiscal year.
Phillips Edison & Company, Inc. Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be given a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend is Monday, June 16th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is presently 215.79%.
Analysts Set New Price Targets
A number of research firms recently issued reports on PECO. Wells Fargo & Company decreased their target price on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Mizuho decreased their target price on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating for the company in a report on Tuesday, February 25th. Three investment 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, Phillips Edison & Company, Inc. presently has a consensus rating of "Moderate Buy" and an average target price of $38.83.
Read Our Latest Stock Report on Phillips Edison & Company, Inc.
Phillips Edison & Company, Inc. Company Profile
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Free Report)
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.
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