Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH invested approximately $2.20 million in Phillips Edison & Company by acquiring 60,255 shares in the 1st quarter.
• Several institutional investors, including Norges Bank and JPMorgan Chase & Co., have significantly increased their stakes in Phillips Edison & Company, suggesting strong institutional interest.
• Phillips Edison recently reported a 10.1% year-over-year increase in revenue with an EPS of $0.64, which surpassed analyst expectations of $0.63.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 60,255 shares of the company's stock, valued at approximately $2,199,000.

A number of other large investors have also added to or reduced their stakes in PECO. American Century Companies Inc. increased its holdings in shares of Phillips Edison & Company, Inc. by 3.4% during the fourth quarter. American Century Companies Inc. now owns 41,137 shares of the company's stock valued at $1,541,000 after acquiring an additional 1,352 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Phillips Edison & Company, Inc. by 12.6% during the fourth quarter. LPL Financial LLC now owns 370,636 shares of the company's stock valued at $13,884,000 after acquiring an additional 41,468 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Phillips Edison & Company, Inc. by 3.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 80,675 shares of the company's stock valued at $3,025,000 after acquiring an additional 2,423 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Phillips Edison & Company, Inc. by 53.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,737,423 shares of the company's stock valued at $65,084,000 after acquiring an additional 606,055 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Phillips Edison & Company, Inc. during the fourth quarter valued at about $55,977,000. 80.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PECO shares. Mizuho cut their price objective on shares of Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating on the stock in a report on Thursday, July 17th. Wall Street Zen downgraded shares of Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Barclays started 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $38.50.

Phillips Edison & Company, Inc. Stock Up 0.6%

Shares of NASDAQ PECO traded up $0.20 during midday trading on Monday, reaching $33.73. 575,081 shares of the stock were exchanged, compared to its average volume of 774,125. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 61.31, a PEG ratio of 1.14 and a beta of 0.54. Phillips Edison & Company, Inc. has a twelve month low of $32.40 and a twelve month high of $40.12. The firm has a 50-day simple moving average of $35.03 and a two-hundred day simple moving average of $35.50.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.01. Phillips Edison & Company, Inc. had a net margin of 9.91% and a return on equity of 2.64%. The business had revenue of $173.47 million for the quarter, compared to analysts' expectations of $174.38 million. During the same quarter last year, the company earned $0.59 EPS. The business's revenue was up 10.1% on a year-over-year basis. Research analysts expect 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 dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 17th were given a dividend of $0.1025 per share. The ex-dividend date was Monday, June 16th. This represents a dividend yield of 350.0%. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is 223.64%.

About Phillips Edison & Company, Inc.

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.