Twinbeech Capital LP Has $772,000 Stake in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Twinbeech Capital LP reduced its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 55.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,597 shares of the company's stock after selling 25,371 shares during the period. Twinbeech Capital LP's holdings in Phillips Edison & Company, Inc. were worth $772,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State of Wyoming purchased a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter worth approximately $54,000. Allworth Financial LP raised its stake in shares of Phillips Edison & Company, Inc. by 94.6% during the fourth quarter. Allworth Financial LP now owns 1,621 shares of the company's stock worth $58,000 after purchasing an additional 788 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter worth approximately $68,000. FIL Ltd raised its stake in shares of 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 purchasing an additional 325 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Phillips Edison & Company, Inc. by 24.9% in the fourth quarter. Blue Trust Inc. now owns 3,023 shares of the company's stock worth $113,000 after acquiring an additional 603 shares in the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Trading Down 0.6%

PECO traded down $0.20 during trading on Friday, reaching $33.94. 1,700,013 shares of the company were exchanged, compared to its average volume of 716,430. The stock has a market cap of $4.26 billion, a P/E ratio of 67.88, a PEG ratio of 1.70 and a beta of 0.57. The firm has a 50 day moving average of $35.38 and a 200 day moving average of $36.67. Phillips Edison & Company, Inc. has a 52 week low of $30.62 and a 52 week high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.02. The business had revenue of $178.31 million during 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%. The company's revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. As a group, analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be given a $0.1025 dividend. This represents a $1.23 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Monday, June 16th. Phillips Edison & Company, Inc.'s payout ratio is currently 215.79%.

Wall Street Analysts Forecast Growth

PECO has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price target on 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. Mizuho decreased their price objective on 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $38.83.

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.