Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 785,928 shares of the company's stock after acquiring an additional 20,106 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.64% of Phillips Edison & Company, Inc. worth $29,441,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PECO. Barclays PLC increased its position in Phillips Edison & Company, Inc. by 49.2% during the 3rd quarter. Barclays PLC now owns 279,432 shares of the company's stock worth $10,538,000 after purchasing an additional 92,129 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Phillips Edison & Company, Inc. by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 20,185 shares of the company's stock worth $756,000 after acquiring an additional 510 shares in the last quarter. Blue Trust Inc. increased its position in shares of Phillips Edison & Company, Inc. by 171.5% in the fourth quarter. Blue Trust Inc. now owns 6,571 shares of the company's stock worth $248,000 after acquiring an additional 4,151 shares in the last quarter. KBC Group NV increased its holdings in Phillips Edison & Company, Inc. by 13.4% in the 4th quarter. KBC Group NV now owns 4,424 shares of the company's stock valued at $166,000 after purchasing an additional 522 shares in the last quarter. Finally, abrdn plc increased its holdings in Phillips Edison & Company, Inc. by 14.4% in the 4th quarter. abrdn plc now owns 121,605 shares of the company's stock valued at $4,555,000 after purchasing an additional 15,274 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Mizuho lowered their price target on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating for the company in a report on Tuesday, February 25th. Wells Fargo & Company lowered their target price on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Phillips Edison & Company, Inc. has an average rating of "Hold" and an average target price of $39.00.

Phillips Edison & Company, Inc. Stock Up 0.1%

Shares of Phillips Edison & Company, Inc. stock traded up $0.04 during trading hours on Friday, hitting $35.48. 1,100,531 shares of the company's stock traded hands, compared to its average volume of 719,496. Phillips Edison & Company, Inc. has a twelve month low of $30.86 and a twelve month high of $40.12. The stock has a 50 day simple moving average of $35.34 and a 200-day simple moving average of $36.51. The company has a market cap of $4.45 billion, a PE ratio of 70.96, a PEG ratio of 1.70 and a beta of 0.57.

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

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be issued a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a yield of 3.47%. The ex-dividend date is Monday, June 16th. Phillips Edison & Company, Inc.'s dividend payout ratio is currently 215.79%.

Phillips Edison & Company, Inc. 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.