Phillips Edison & Company, Inc. (NASDAQ:PECO) Stock Holdings Boosted by GAMMA Investing LLC

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

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Phillips Edison & Company, Inc. by 79.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,360 shares of the company's stock valued at $50,000 after buying an additional 602 shares during the last quarter. State of Wyoming purchased a new stake in shares of Phillips Edison & Company, Inc. in the 4th quarter worth about $54,000. Allworth Financial LP grew its position 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 last quarter. Kapitalo Investimentos Ltda purchased a new position in Phillips Edison & Company, Inc. in the 4th quarter valued at about $68,000. Finally, FIL Ltd boosted 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 acquiring an additional 325 shares during the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Price Performance

PECO traded down $0.03 during trading hours on Thursday, reaching $35.72. 576,323 shares of the stock traded hands, compared to its average volume of 729,866. Phillips Edison & Company, Inc. has a fifty-two week low of $31.68 and a fifty-two week high of $40.12. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 71.44, a PEG ratio of 1.70 and a beta of 0.56. The firm's fifty day simple moving average is $35.30 and its two-hundred day simple moving average is $36.32.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.02. The company had revenue of $178.31 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. On average, research analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

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 given a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Monday, June 16th. Phillips Edison & Company, Inc.'s dividend payout ratio is presently 215.79%.

Analysts Set New Price Targets

Several brokerages recently weighed in on PECO. Mizuho cut their target price on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th. Wells Fargo & Company cut 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus 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.