Jane Street Group LLC reduced its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 81.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,675 shares of the company's stock after selling 140,037 shares during the quarter. Jane Street Group LLC's holdings in Phillips Edison & Company, Inc. were worth $1,224,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of PECO. Allspring Global Investments Holdings LLC bought a new stake in Phillips Edison & Company, Inc. in the fourth quarter valued at about $488,000. Barclays PLC grew its stake in shares of Phillips Edison & Company, Inc. by 49.2% in the 3rd quarter. Barclays PLC now owns 279,432 shares of the company's stock valued at $10,538,000 after purchasing an additional 92,129 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Phillips Edison & Company, Inc. by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,517 shares of the company's stock worth $80,371,000 after buying an additional 51,186 shares in the last quarter. Natixis Advisors LLC boosted its stake in Phillips Edison & Company, Inc. by 24.8% in the 4th quarter. Natixis Advisors LLC now owns 54,647 shares of the company's stock valued at $2,047,000 after buying an additional 10,865 shares in the last quarter. Finally, LPL Financial LLC grew its position in Phillips Edison & Company, Inc. by 12.6% in the fourth quarter. LPL Financial LLC now owns 370,636 shares of the company's stock valued at $13,884,000 after acquiring an additional 41,468 shares during the period. 80.70% of the stock is owned by institutional investors.
Phillips Edison & Company, Inc. Stock Down 0.6%
PECO stock traded down $0.20 during midday trading on Monday, reaching $33.94. The stock had a trading volume of 1,700,013 shares, compared to its average volume of 716,430. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $40.12. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 67.88, a PEG ratio of 1.70 and a beta of 0.57. The business has a fifty day simple moving average of $35.36 and a two-hundred day simple moving average of $36.60.
Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $178.31 million during the quarter, compared to the consensus estimate of $170.59 million. During the same period in the previous year, the firm posted $0.60 earnings per share. Phillips Edison & Company, Inc.'s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities analysts predict 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 disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be issued a $0.1025 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.23 dividend on an annualized basis and a yield of 3.62%. Phillips Edison & Company, Inc.'s dividend payout ratio is presently 215.79%.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on PECO shares. Wells Fargo & Company lowered their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Mizuho decreased 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.83.
Read Our Latest Research Report on Phillips Edison & Company, Inc.
About Phillips Edison & Company, Inc.
(
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.
See Also
Before you consider Phillips Edison & Company, Inc., you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Phillips Edison & Company, Inc. wasn't on the list.
While Phillips Edison & Company, Inc. currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
