Vanguard Group Inc. Increases Stock Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Vanguard Group Inc. boosted its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 2.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,720,204 shares of the company's stock after purchasing an additional 397,862 shares during the quarter. Vanguard Group Inc. owned about 15.73% of Phillips Edison & Company, Inc. worth $719,590,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. FMR LLC grew its holdings in Phillips Edison & Company, Inc. by 14.6% in the fourth quarter. FMR LLC now owns 3,026,358 shares of the company's stock worth $113,367,000 after purchasing an additional 385,983 shares during the period. Northern Trust Corp grew its holdings in shares of Phillips Edison & Company, Inc. by 26.7% during the fourth quarter. Northern Trust Corp now owns 1,690,805 shares of the company's stock valued at $63,338,000 after buying an additional 356,368 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Phillips Edison & Company, Inc. by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,396,937 shares of the company's stock valued at $52,328,000 after buying an additional 59,059 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of Phillips Edison & Company, Inc. by 13.9% during the fourth quarter. Nuveen Asset Management LLC now owns 832,117 shares of the company's stock valued at $31,171,000 after purchasing an additional 101,719 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Phillips Edison & Company, Inc. by 2.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 785,928 shares of the company's stock valued at $29,441,000 after purchasing an additional 20,106 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on PECO shares. Barclays started coverage on shares of Phillips Edison & Company, Inc. in a research report on Wednesday, July 2nd. They issued an "equal weight" rating and a $37.00 price objective on the stock. Wall Street Zen lowered shares of Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Finally, Mizuho lowered 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 research report on Thursday, July 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $38.50.

Phillips Edison & Company, Inc. Stock Performance

PECO traded down $0.09 during midday trading on Friday, hitting $33.83. The stock had a trading volume of 754,090 shares, compared to its average volume of 1,021,526. The company has a market cap of $4.25 billion, a P/E ratio of 61.51, a price-to-earnings-growth ratio of 1.15 and a beta of 0.54. The business has a fifty day moving average of $34.71 and a 200 day moving average of $35.32. Phillips Edison & Company, Inc. has a 1 year low of $32.40 and a 1 year high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.64 earnings per share (EPS) for the quarter, beating 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 company had revenue of $173.47 million during the quarter, compared to analysts' expectations of $174.38 million. During the same quarter in the prior year, the company earned $0.59 EPS. The firm's revenue was up 10.1% on a year-over-year basis. On average, equities research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th will be paid a $0.1025 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. Phillips Edison & Company, Inc.'s dividend payout ratio 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.