Lazard Asset Management LLC Has $932,000 Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Lazard Asset Management LLC lifted its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 45.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,896 shares of the company's stock after purchasing an additional 7,740 shares during the period. Lazard Asset Management LLC's holdings in Phillips Edison & Company, Inc. were worth $932,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Barclays PLC boosted its holdings in 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 last quarter. Wealthcare Advisory Partners LLC raised 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 worth $408,000 after purchasing an additional 4,228 shares during the period. Perpetual Ltd lifted its holdings in Phillips Edison & Company, Inc. by 39.5% during the fourth quarter. Perpetual Ltd now owns 15,460 shares of the company's stock worth $579,000 after acquiring an additional 4,380 shares in the last quarter. MCF Advisors LLC lifted its position in Phillips Edison & Company, Inc. by 47.4% in the 4th quarter. MCF Advisors LLC now owns 5,200 shares of the company's stock valued at $195,000 after acquiring an additional 1,672 shares in the last quarter. Finally, Mutual Advisors LLC grew its position in Phillips Edison & Company, Inc. by 1.2% in the fourth quarter. Mutual Advisors LLC now owns 51,891 shares of the company's stock valued at $1,864,000 after purchasing an additional 618 shares in the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Stock Down 0.6%

Shares of PECO traded down $0.20 during trading hours on Monday, hitting $33.94. The company had a trading volume of 1,700,013 shares, compared to its average volume of 716,430. The business has a fifty day moving average of $35.36 and a 200-day moving average of $36.60. 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. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12.

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 for the quarter, beating the consensus estimate of $0.63 by $0.02. The firm had revenue of $178.31 million for the quarter, compared to analysts' expectations of $170.59 million. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. The business's revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. On average, equities analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Investors 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 yield of 3.62%. Phillips Edison & Company, Inc.'s payout ratio is currently 215.79%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PECO. Wells Fargo & Company lowered their price objective 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 lowered their price target on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $38.83.

About Phillips Edison & Company, Inc.

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.