J.W. Cole Advisors Inc. Boosts Stake in Phillips Edison & Company, Inc. (NASDAQ:PECO)

J.W. Cole Advisors Inc. raised its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 190.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,445 shares of the company's stock after buying an additional 126,912 shares during the period. J.W. Cole Advisors Inc. owned 0.15% of Phillips Edison & Company, Inc. worth $7,059,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Fifth Third Bancorp raised its holdings in Phillips Edison & Company, Inc. by 78.1% in the first quarter. Fifth Third Bancorp now owns 732 shares of the company's stock worth $27,000 after buying an additional 321 shares during the last quarter. CX Institutional acquired a new stake in Phillips Edison & Company, Inc. in the 1st quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB lifted its stake in Phillips Edison & Company, Inc. by 79.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,360 shares of the company's stock valued at $50,000 after acquiring an additional 602 shares during the period. State of Wyoming purchased a new stake in Phillips Edison & Company, Inc. in the 4th quarter worth $54,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter valued at about $68,000. Institutional investors own 80.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on PECO. Wells Fargo & Company dropped their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Mizuho cut their price target on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating for the company in a research note on Thursday, July 17th. Finally, Barclays began coverage on Phillips Edison & Company, Inc. in a report on Wednesday, July 2nd. They issued an "equal weight" rating and a $37.00 price target for the company. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $38.50.

Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ PECO traded up $0.35 during trading hours on Tuesday, reaching $35.03. 209,359 shares of the stock were exchanged, compared to its average volume of 760,194. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 61.45, a P/E/G ratio of 1.23 and a beta of 0.55. Phillips Edison & Company, Inc. has a 52 week low of $32.40 and a 52 week high of $40.12. The stock's fifty day simple moving average is $35.20 and its 200 day simple moving average is $35.62.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.02. Phillips Edison & Company, Inc. had a return on equity of 2.73% and a net margin of 10.51%. The business had revenue of $178.31 million during the quarter, compared to the consensus estimate of $170.59 million. During the same quarter in the previous year, the business earned $0.60 EPS. The company's quarterly revenue was up 10.2% on a year-over-year basis. Research analysts predict that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 17th were given a dividend of $0.1025 per share. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, June 16th. Phillips Edison & Company, Inc.'s payout ratio is 215.79%.

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.