Jane Street Group LLC Has $1.22 Million Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Jane Street Group LLC lowered its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 81.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in Phillips Edison & Company, Inc. by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 19,322,342 shares of the company's stock worth $723,815,000 after acquiring an additional 82,913 shares during the period. Wellington Management Group LLP raised its holdings in Phillips Edison & Company, Inc. by 2.2% in the 4th quarter. Wellington Management Group LLP now owns 7,537,917 shares of the company's stock worth $282,370,000 after acquiring an additional 161,963 shares during the period. FMR LLC raised its holdings in Phillips Edison & Company, Inc. by 14.6% in the 4th quarter. FMR LLC now owns 3,026,358 shares of the company's stock worth $113,367,000 after acquiring an additional 385,983 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in 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 acquiring an additional 51,186 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Phillips Edison & Company, Inc. by 53.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,737,423 shares of the company's stock worth $65,084,000 after acquiring an additional 606,055 shares during the period. Institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ:PECO traded down $0.20 on Friday, hitting $33.94. 1,700,013 shares of the company were exchanged, compared to its average volume of 716,355. The company's 50 day moving average price is $35.41 and its two-hundred day moving average price is $36.70. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $40.12. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 67.88, a PEG ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.65 earnings per share (EPS) 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 previous year, the firm posted $0.60 EPS. The business's revenue was up 10.2% compared to the same quarter last year. Research analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be issued a dividend of $0.1025 per share. The ex-dividend date is Monday, June 16th. This represents a $1.23 annualized dividend and a dividend yield of 3.62%. Phillips Edison & Company, Inc.'s payout ratio is 215.79%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Mizuho dropped their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th. Wells Fargo & Company dropped 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $38.83.

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.