Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Purchased by Jacobs Levy Equity Management Inc.

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

Several other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Phillips Edison & Company, Inc. during the fourth quarter worth about $488,000. Barclays PLC raised its position in shares of 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 during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Phillips Edison & Company, Inc. by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,517 shares of the company's stock worth $80,371,000 after purchasing an additional 51,186 shares during the last quarter. Natixis Advisors LLC grew its stake in Phillips Edison & Company, Inc. by 24.8% in the 4th quarter. Natixis Advisors LLC now owns 54,647 shares of the company's stock worth $2,047,000 after acquiring an additional 10,865 shares during the period. Finally, LPL Financial LLC grew its stake in Phillips Edison & Company, Inc. by 12.6% in the 4th quarter. LPL Financial LLC now owns 370,636 shares of the company's stock worth $13,884,000 after acquiring an additional 41,468 shares during the period. Hedge funds and other institutional investors own 80.70% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Mizuho lowered their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th. Wells Fargo & Company decreased their price objective on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $38.83.

Phillips Edison & Company, Inc. Stock Performance

Shares of Phillips Edison & Company, Inc. stock traded up $0.39 during trading on Friday, reaching $36.28. The company had a trading volume of 585,532 shares, compared to its average volume of 719,759. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 72.56, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57. The firm's fifty day moving average is $35.39 and its 200-day moving average is $36.78. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $40.12.

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

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Friday, May 16th will be paid a dividend of $0.1025 per share. The ex-dividend date is Friday, May 16th. This represents a $1.23 annualized dividend and a yield of 3.39%. 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.