Jacobs Levy Equity Management Inc. Buys 42,710 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Jacobs Levy Equity Management Inc. increased its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 30.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 181,856 shares of the company's stock after acquiring an additional 42,710 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.15% of Phillips Edison & Company, Inc. worth $6,812,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Arizona State Retirement System grew its position in shares of Phillips Edison & Company, Inc. by 0.8% in the 4th quarter. Arizona State Retirement System now owns 35,534 shares of the company's stock valued at $1,331,000 after purchasing an additional 290 shares during the period. FIL Ltd boosted 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 valued at $81,000 after buying an additional 325 shares during the period. State of Alaska Department of Revenue increased its position in shares of Phillips Edison & Company, Inc. by 0.3% during the fourth quarter. State of Alaska Department of Revenue now owns 128,465 shares of the company's stock worth $4,811,000 after acquiring an additional 344 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Phillips Edison & Company, Inc. by 2.6% during 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. Finally, KBC Group NV raised its holdings in shares of Phillips Edison & Company, Inc. by 13.4% during the fourth quarter. KBC Group NV now owns 4,424 shares of the company's stock worth $166,000 after acquiring an additional 522 shares during the period. Institutional investors own 80.70% of the company's stock.

Wall Street Analysts Forecast Growth

PECO has been the topic of several recent research reports. Mizuho dropped their price target on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th. Wells Fargo & Company decreased their price objective on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $38.83.

Phillips Edison & Company, Inc. Price Performance

NASDAQ:PECO traded down $0.22 on Monday, hitting $36.06. 53,254 shares of the company's stock were exchanged, compared to its average volume of 716,804. The company has a market cap of $4.52 billion, a P/E ratio of 72.04, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57. The firm has a 50-day moving average price of $35.39 and a 200-day moving average price of $36.77. Phillips Edison & Company, Inc. has a 52 week low of $30.62 and a 52 week high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.65 earnings per share (EPS) for the quarter, topping 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 business had revenue of $178.31 million for the quarter, compared to analyst estimates of $170.59 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. Phillips Edison & Company, Inc.'s revenue was up 10.2% on a year-over-year basis. On average, 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 business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders 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 dividend on an annualized basis and a yield of 3.41%. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is 215.79%.

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.