Phillips Edison & Company, Inc. (NASDAQ:PECO) Sees Large Volume Increase - Time to Buy?

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) saw an uptick in trading volume on Wednesday . 971,120 shares traded hands during mid-day trading, an increase of 34% from the previous session's volume of 726,309 shares.The stock last traded at $35.45 and had previously closed at $35.60.

Analyst Ratings Changes

PECO has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their target price 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. Mizuho cut their price target on shares of 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $39.00.

Phillips Edison & Company, Inc. Trading Down 0.7%

The business has a fifty day simple moving average of $35.33 and a two-hundred day simple moving average of $36.46. The stock has a market cap of $4.43 billion, a PE ratio of 70.70, a P/E/G ratio of 1.70 and a beta of 0.56.

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

Phillips Edison & Company, Inc. Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be paid a $0.1025 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.23 annualized dividend and a yield of 3.48%. Phillips Edison & Company, Inc.'s payout ratio is 215.79%.

Institutional Investors Weigh In On Phillips Edison & Company, Inc.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in Phillips Edison & Company, Inc. in the fourth quarter worth $488,000. Charles Schwab Investment Management Inc. grew its stake in Phillips Edison & Company, Inc. by 2.4% in the fourth 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 period. Natixis Advisors LLC boosted its holdings in Phillips Edison & Company, Inc. by 24.8% in the fourth 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 in the last quarter. LPL Financial LLC boosted its holdings in Phillips Edison & Company, Inc. by 12.6% in the fourth 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 in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Phillips Edison & Company, Inc. by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 595,165 shares of the company's stock worth $22,295,000 after acquiring an additional 17,235 shares in the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Company Profile

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.