Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Acquired by LPL Financial LLC

LPL Financial LLC increased its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 4.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 388,084 shares of the company's stock after buying an additional 17,448 shares during the quarter. LPL Financial LLC owned about 0.31% of Phillips Edison & Company, Inc. worth $14,161,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. American Century Companies Inc. increased its stake in shares of Phillips Edison & Company, Inc. by 3.4% in the fourth quarter. American Century Companies Inc. now owns 41,137 shares of the company's stock worth $1,541,000 after acquiring an additional 1,352 shares during the period. Resona Asset Management Co. Ltd. purchased a new stake in Phillips Edison & Company, Inc. in the fourth quarter valued at $1,845,000. Wells Fargo & Company MN grew its position in Phillips Edison & Company, Inc. by 29.3% during the 4th quarter. Wells Fargo & Company MN now owns 76,673 shares of the company's stock worth $2,872,000 after purchasing an additional 17,392 shares during the period. Envestnet Asset Management Inc. grew its position in Phillips Edison & Company, Inc. by 14.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 81,068 shares of the company's stock worth $3,037,000 after purchasing an additional 10,183 shares during the period. Finally, FMR LLC raised its stake in shares of Phillips Edison & Company, Inc. by 14.6% during the 4th quarter. FMR LLC now owns 3,026,358 shares of the company's stock valued at $113,367,000 after buying an additional 385,983 shares during the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Price Performance

PECO stock traded down $0.10 during mid-day trading on Thursday, reaching $33.63. 1,597,999 shares of the company's stock were exchanged, compared to its average volume of 913,507. Phillips Edison & Company, Inc. has a 12-month low of $32.40 and a 12-month high of $40.12. The stock's 50 day moving average is $34.95 and its 200 day moving average is $35.45. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 61.15, a price-to-earnings-growth ratio of 1.15 and a beta of 0.54.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.01. Phillips Edison & Company, Inc. had a return on equity of 2.64% and a net margin of 9.91%. The firm had revenue of $173.47 million for the quarter, compared to analyst estimates of $174.38 million. During the same quarter last year, the firm posted $0.59 EPS. The business's revenue was up 10.1% on a year-over-year basis. On average, research analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th will be paid a dividend of $0.1025 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. Phillips Edison & Company, Inc.'s payout ratio is currently 223.64%.

Analyst Ratings Changes

A number of analysts have recently commented on PECO shares. Mizuho lowered their target price on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating on the stock in a research note on Thursday, July 17th. Barclays assumed coverage on Phillips Edison & Company, Inc. in a research report on Wednesday, July 2nd. They issued an "equal weight" rating and a $37.00 price objective on the stock. Finally, Wall Street Zen lowered shares of Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Phillips Edison & Company, Inc. has an average rating of "Hold" and an average target price of $38.50.

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.