Vident Advisory LLC Sells 13,427 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Vident Advisory LLC lessened its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 38.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,757 shares of the company's stock after selling 13,427 shares during the period. Vident Advisory LLC's holdings in Phillips Edison & Company, Inc. were worth $815,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PECO. Sophron Capital Management L.P. purchased a new stake in Phillips Edison & Company, Inc. during the 4th quarter worth about $4,582,000. State of Wyoming purchased a new stake in Phillips Edison & Company, Inc. during the 4th quarter worth about $54,000. ProShare Advisors LLC lifted its holdings in Phillips Edison & Company, Inc. by 44.5% during the 4th quarter. ProShare Advisors LLC now owns 37,001 shares of the company's stock worth $1,386,000 after purchasing an additional 11,390 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in Phillips Edison & Company, Inc. by 3.7% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 18,456 shares of the company's stock worth $695,000 after purchasing an additional 653 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in Phillips Edison & Company, Inc. by 13.9% during the 4th quarter. Nuveen Asset Management LLC now owns 832,117 shares of the company's stock worth $31,171,000 after purchasing an additional 101,719 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ:PECO traded down $0.06 on Friday, hitting $35.38. The company's stock had a trading volume of 97,035 shares, compared to its average volume of 715,781. The company has a 50-day simple moving average of $35.34 and a 200 day simple moving average of $36.55. Phillips Edison & Company, Inc. has a 1 year low of $30.86 and a 1 year high of $40.12. The company has a market capitalization of $4.44 billion, a PE ratio of 70.79, a PEG ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its quarterly earnings results 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. 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 for the quarter, compared to analysts' expectations of $170.59 million. During the same quarter last year, the firm posted $0.60 EPS. The company's revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Monday, June 16th. This represents a $1.23 annualized dividend and a dividend yield of 3.48%. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is presently 215.79%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PECO shares. Wells Fargo & Company dropped their price objective on 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. Mizuho dropped their price objective on 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. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Phillips Edison & Company, Inc. currently has a consensus rating of "Hold" and a consensus price target of $39.00.

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.