Calton & Associates Inc. Has $535,000 Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Calton & Associates Inc. trimmed its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 56.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,653 shares of the company's stock after selling 18,927 shares during the period. Calton & Associates Inc.'s holdings in Phillips Edison & Company, Inc. were worth $535,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in PECO. Crossmark Global Holdings Inc. purchased a new stake in shares of Phillips Edison & Company, Inc. in the 1st quarter worth approximately $242,000. Teacher Retirement System of Texas lifted its position in shares of Phillips Edison & Company, Inc. by 11.8% in the 1st quarter. Teacher Retirement System of Texas now owns 36,284 shares of the company's stock worth $1,324,000 after purchasing an additional 3,841 shares during the period. Principal Financial Group Inc. lifted its position in Phillips Edison & Company, Inc. by 4.7% during the first quarter. Principal Financial Group Inc. now owns 623,420 shares of the company's stock valued at $22,749,000 after acquiring an additional 28,255 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Phillips Edison & Company, Inc. during the first quarter valued at approximately $1,002,000. Finally, Vert Asset Management LLC acquired a new position in Phillips Edison & Company, Inc. during the 1st quarter valued at approximately $1,972,000. 80.70% of the stock is currently owned by institutional investors.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO traded down $0.18 during mid-day trading on Wednesday, hitting $34.78. 203,507 shares of the company were exchanged, compared to its average volume of 733,404. Phillips Edison & Company, Inc. has a 1-year low of $32.40 and a 1-year high of $40.12. The company has a 50 day moving average of $35.20 and a 200-day moving average of $35.62. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 61.10, 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 released 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 net margin of 10.51% and a return on equity of 2.73%. The firm had revenue of $178.31 million for the quarter, compared to the consensus estimate of $170.59 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The firm's revenue was up 10.2% on a year-over-year basis. Research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have weighed in on PECO. Mizuho dropped their price target on shares of Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating for the company in a research report on Thursday, July 17th. Barclays initiated coverage on shares of Phillips Edison & Company, Inc. in a report on Wednesday, July 2nd. They issued an "equal weight" rating and a $37.00 price target on the stock. Finally, Wells Fargo & Company decreased their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $38.50.

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.