Sophron Capital Management L.P. Makes New $4.58 Million Investment in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Sophron Capital Management L.P. purchased a new position in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 122,317 shares of the company's stock, valued at approximately $4,582,000. Phillips Edison & Company, Inc. makes up 1.8% of Sophron Capital Management L.P.'s holdings, making the stock its 26th largest holding. Sophron Capital Management L.P. owned 0.10% of Phillips Edison & Company, Inc. as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of PECO. State of Wyoming purchased a new stake in Phillips Edison & Company, Inc. in the 4th quarter worth $54,000. Allworth Financial LP lifted its holdings 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 worth $58,000 after buying an additional 788 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new position in shares of Phillips Edison & Company, Inc. in the fourth quarter worth $68,000. FIL Ltd lifted its holdings in shares of Phillips Edison & Company, Inc. by 17.8% in the fourth quarter. FIL Ltd now owns 2,155 shares of the company's stock worth $81,000 after buying an additional 325 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of 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 buying an additional 603 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Stock Down 0.6%

NASDAQ PECO traded down $0.20 during trading on Friday, hitting $33.94. 1,700,013 shares of the stock traded hands, compared to its average volume of 716,355. The company has a market capitalization of $4.26 billion, a P/E ratio of 67.88, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57. The firm has a 50-day simple moving average of $35.38 and a 200-day simple moving average of $36.67. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. The firm had revenue of $178.31 million for the quarter, compared to analysts' expectations of $170.59 million. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. The business's revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. As a group, research analysts predict that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently commented on PECO shares. Mizuho lowered their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th. Wells Fargo & Company lowered their target price 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently 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.