GAMMA Investing LLC Has $4.13 Million Stock Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

GAMMA Investing LLC raised its position in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 3,539.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 113,192 shares of the company's stock after acquiring an additional 110,082 shares during the quarter. GAMMA Investing LLC owned approximately 0.09% of Phillips Edison & Company, Inc. worth $4,130,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in 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 valued at $723,815,000 after purchasing an additional 82,913 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Phillips Edison & Company, Inc. by 2.2% in the fourth quarter. Wellington Management Group LLP now owns 7,537,917 shares of the company's stock valued at $282,370,000 after buying an additional 161,963 shares during the last quarter. FMR LLC lifted its position in shares of Phillips Edison & Company, Inc. by 14.6% in the fourth 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. Charles Schwab Investment Management Inc. increased its holdings 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 worth $80,371,000 after acquiring an additional 51,186 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings 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 valued at $65,084,000 after purchasing an additional 606,055 shares during the last quarter. Institutional investors own 80.70% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wells Fargo & Company decreased their price objective on shares of 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. Mizuho decreased their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $39.00.

Phillips Edison & Company, Inc. Stock Down 0.8%

Shares of NASDAQ:PECO traded down $0.27 during trading on Friday, reaching $35.45. 682,766 shares of the company traded hands, compared to its average volume of 731,284. The firm has a market capitalization of $4.45 billion, a PE ratio of 70.90, a PEG ratio of 1.70 and a beta of 0.56. Phillips Edison & Company, Inc. has a 52 week low of $31.75 and a 52 week high of $40.12. The company's 50 day moving average is $35.34 and its two-hundred day moving average is $36.29.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its earnings results 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. The company 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%. Phillips Edison & Company, Inc.'s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 EPS. As a group, research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be paid a $0.1025 dividend. This represents a $1.23 annualized dividend and a yield of 3.47%. The ex-dividend date is Monday, June 16th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) 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.