NBC Securities Inc. Buys 7,761 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

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

A number of other hedge funds have also modified their holdings of PECO. MassMutual Private Wealth & Trust FSB increased its holdings 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 purchasing an additional 602 shares in the last quarter. State of Wyoming acquired a new stake in Phillips Edison & Company, Inc. during the 4th quarter valued at $54,000. Allworth Financial LP increased its holdings in Phillips Edison & Company, Inc. by 94.6% during the 4th quarter. Allworth Financial LP now owns 1,621 shares of the company's stock valued at $58,000 after purchasing an additional 788 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in Phillips Edison & Company, Inc. during the 4th quarter valued at $68,000. Finally, FIL Ltd increased its holdings in Phillips Edison & Company, Inc. by 17.8% during the 4th quarter. FIL Ltd now owns 2,155 shares of the company's stock valued at $81,000 after purchasing an additional 325 shares in the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Stock Performance

PECO traded down $0.49 during mid-day trading on Wednesday, reaching $35.75. The stock had a trading volume of 1,064,963 shares, compared to its average volume of 730,673. The stock has a market capitalization of $4.48 billion, a P/E ratio of 71.50, a P/E/G ratio of 1.70 and a beta of 0.56. The firm's fifty day simple moving average is $35.28 and its two-hundred day simple moving average is $36.34. Phillips Edison & Company, Inc. has a 52 week low of $31.68 and a 52 week high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.02. The firm had revenue of $178.31 million for the quarter, compared to analyst estimates of $170.59 million. Phillips Edison & Company, Inc. had a return on equity of 2.40% and a net margin of 9.48%. The business's quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company earned $0.60 EPS. As a group, analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be given a $0.1025 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.23 annualized dividend and a dividend yield of 3.44%. Phillips Edison & Company, Inc.'s dividend payout ratio is currently 215.79%.

Analyst Upgrades and Downgrades

PECO has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price target on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Mizuho dropped their price target on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating for the company in a report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. presently has an average rating of "Hold" and an average target price of $39.00.

Phillips Edison & Company, Inc. Company 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.