NBC Securities Inc. Boosts Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

NBC Securities Inc. increased its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 110,871.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,768 shares of the company's stock after acquiring an additional 7,761 shares during the quarter. NBC Securities Inc.'s holdings in Phillips Edison & Company, Inc. were worth $283,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB boosted its stake in Phillips Edison & Company, Inc. by 79.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,360 shares of the company's stock worth $50,000 after buying an additional 602 shares during the last quarter. State of Wyoming acquired a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter valued at about $54,000. Allworth Financial LP grew its holdings in shares of Phillips Edison & Company, Inc. by 94.6% in the fourth quarter. Allworth Financial LP now owns 1,621 shares of the company's stock valued at $58,000 after purchasing an additional 788 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in Phillips Edison & Company, Inc. during the fourth quarter worth about $68,000. Finally, FIL Ltd increased its position in Phillips Edison & Company, Inc. by 17.8% during the fourth quarter. FIL Ltd now owns 2,155 shares of the company's stock worth $81,000 after purchasing an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PECO shares. Mizuho dropped their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th. Wells Fargo & Company decreased their price objective on 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Phillips Edison & Company, Inc. has an average rating of "Hold" and a consensus target price of $39.00.

Phillips Edison & Company, Inc. Stock Up 1.0%

PECO stock traded up $0.34 during mid-day trading on Monday, hitting $36.07. 803,171 shares of the company were exchanged, compared to its average volume of 729,980. Phillips Edison & Company, Inc. has a 12-month low of $30.86 and a 12-month high of $40.12. The firm has a market capitalization of $4.52 billion, a P/E ratio of 72.14, a PEG ratio of 1.70 and a beta of 0.56. The business has a fifty day simple moving average of $35.28 and a 200-day simple moving average of $36.37.

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 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 firm had revenue of $178.31 million during the quarter, compared to analysts' expectations of $170.59 million. During the same quarter last year, the company posted $0.60 EPS. The firm'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 year.

Phillips Edison & Company, Inc. Dividend Announcement

The company 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 annualized dividend and a dividend yield of 3.41%. Phillips Edison & Company, Inc.'s dividend payout ratio is presently 215.79%.

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.