ProShare Advisors LLC Has $1.39 Million Stock Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

ProShare Advisors LLC lifted its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 44.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,001 shares of the company's stock after acquiring an additional 11,390 shares during the period. ProShare Advisors LLC's holdings in Phillips Edison & Company, Inc. were worth $1,386,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Phillips Edison & Company, Inc. by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 19,322,342 shares of the company's stock worth $723,815,000 after purchasing an additional 82,913 shares during the period. Wellington Management Group LLP raised its position in shares of Phillips Edison & Company, Inc. by 2.2% in the 4th quarter. Wellington Management Group LLP now owns 7,537,917 shares of the company's stock valued at $282,370,000 after purchasing an additional 161,963 shares in the last quarter. FMR LLC raised its position 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 acquiring an additional 385,983 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Phillips Edison & Company, Inc. by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,517 shares of the company's stock valued at $80,371,000 after acquiring an additional 51,186 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Phillips Edison & Company, Inc. by 53.6% during the 4th quarter. JPMorgan Chase & Co. now owns 1,737,423 shares of the company's stock worth $65,084,000 after buying an additional 606,055 shares during the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Price Performance

Phillips Edison & Company, Inc. stock traded up $0.53 during mid-day trading on Tuesday, hitting $34.47. The company's stock had a trading volume of 91,442 shares, compared to its average volume of 714,002. The firm's 50 day moving average is $35.36 and its 200 day moving average is $36.60. The company has a market cap of $4.32 billion, a PE ratio of 68.86, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a 52-week low of $30.62 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.02. Phillips Edison & Company, Inc. had a return on equity of 2.40% and a net margin of 9.48%. The firm had revenue of $178.31 million during the quarter, compared to the consensus estimate of $170.59 million. During the same period in the prior year, the business earned $0.60 EPS. The business's revenue for the quarter was up 10.2% on a year-over-year basis. As a group, analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be issued a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Monday, June 16th. Phillips Edison & Company, Inc.'s dividend payout ratio is 215.79%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PECO shares. Wells Fargo & Company lowered their price objective on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Mizuho decreased their target price on 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price 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.