B&I Capital AG Sells 19,000 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

B&I Capital AG reduced its position in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 7.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 240,045 shares of the company's stock after selling 19,000 shares during the quarter. Phillips Edison & Company, Inc. comprises about 2.8% of B&I Capital AG's holdings, making the stock its 13th biggest holding. B&I Capital AG owned 0.19% of Phillips Edison & Company, Inc. worth $8,759,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PECO. Vanguard Group Inc. raised its holdings in shares of Phillips Edison & Company, Inc. by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 19,322,342 shares of the company's stock valued at $723,815,000 after buying an additional 82,913 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Phillips Edison & Company, Inc. by 2.2% during the fourth quarter. Wellington Management Group LLP now owns 7,537,917 shares of the company's stock worth $282,370,000 after acquiring an additional 161,963 shares in the last quarter. FMR LLC lifted its holdings in shares of Phillips Edison & Company, Inc. by 14.6% in the 4th quarter. FMR LLC now owns 3,026,358 shares of the company's stock worth $113,367,000 after acquiring an additional 385,983 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Phillips Edison & Company, Inc. by 53.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,737,423 shares of the company's stock worth $65,084,000 after acquiring an additional 606,055 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Phillips Edison & Company, Inc. by 26.7% in the 4th quarter. Northern Trust Corp now owns 1,690,805 shares of the company's stock valued at $63,338,000 after purchasing an additional 356,368 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PECO has been the subject of several analyst reports. Barclays assumed coverage on shares of Phillips Edison & Company, Inc. in a research report on Wednesday, July 2nd. They set an "equal weight" rating and a $37.00 price target for the company. Mizuho decreased their target price on shares of Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating on the stock in a research note on Thursday, July 17th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $38.50.

Phillips Edison & Company, Inc. Trading Down 0.1%

NASDAQ PECO traded down $0.03 during trading on Friday, hitting $34.73. The company had a trading volume of 421,770 shares, compared to its average volume of 759,456. The company's fifty day moving average is $35.12 and its 200-day moving average is $35.58. Phillips Edison & Company, Inc. has a one year low of $32.40 and a one year high of $40.12. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 61.02, a price-to-earnings-growth ratio of 1.22 and a beta of 0.55.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. The company had revenue of $173.47 million for the quarter, compared to analysts' expectations of $174.38 million. Phillips Edison & Company, Inc. had a net margin of 10.51% and a return on equity of 2.73%. Phillips Edison & Company, Inc.'s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 earnings per share. As a group, equities analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 17th were issued a $0.1025 dividend. The ex-dividend date was Monday, June 16th. This represents a yield of 3.5%. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is 215.79%.

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.