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

ProShare Advisors LLC increased its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 44.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,001 shares of the company's stock after purchasing an additional 11,390 shares during the quarter. ProShare Advisors LLC's holdings in Phillips Edison & Company, Inc. were worth $1,386,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Arizona State Retirement System grew its position in Phillips Edison & Company, Inc. by 0.8% during the fourth quarter. Arizona State Retirement System now owns 35,534 shares of the company's stock worth $1,331,000 after buying an additional 290 shares during the period. FIL Ltd grew its holdings in shares of Phillips Edison & Company, Inc. by 17.8% in the 4th quarter. FIL Ltd now owns 2,155 shares of the company's stock worth $81,000 after acquiring an additional 325 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of Phillips Edison & Company, Inc. by 0.3% in the 4th quarter. State of Alaska Department of Revenue now owns 128,465 shares of the company's stock worth $4,811,000 after acquiring an additional 344 shares during the period. Exchange Traded Concepts LLC increased its stake in Phillips Edison & Company, Inc. by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 20,185 shares of the company's stock valued at $756,000 after purchasing an additional 510 shares in the last quarter. Finally, KBC Group NV raised its holdings in Phillips Edison & Company, Inc. by 13.4% during the fourth quarter. KBC Group NV now owns 4,424 shares of the company's stock worth $166,000 after purchasing an additional 522 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Analyst Ratings Changes

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

Phillips Edison & Company, Inc. Stock Performance

Phillips Edison & Company, Inc. stock opened at $34.35 on Thursday. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $40.12. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 68.70, a PEG ratio of 1.70 and a beta of 0.57. The stock has a fifty day moving average of $35.43 and a two-hundred day moving average of $36.73.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $170.59 million. During the same quarter last year, the business posted $0.60 EPS. The firm's quarterly revenue was up 10.2% compared to the same quarter last year. On average, analysts forecast 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 disclosed 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. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Monday, June 16th. Phillips Edison & Company, Inc.'s dividend payout ratio is presently 215.79%.

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.

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