Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP boosted its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 8.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,668 shares of the company's stock after purchasing an additional 7,271 shares during the quarter. First Trust Advisors LP owned about 0.07% of Phillips Edison & Company, Inc. worth $3,359,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LaSalle St. Investment Advisors LLC bought a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter valued at approximately $284,000. Barclays PLC increased its holdings in shares of Phillips Edison & Company, Inc. by 19.3% in the 4th quarter. Barclays PLC now owns 333,297 shares of the company's stock worth $12,486,000 after buying an additional 53,865 shares during the last quarter. SageView Advisory Group LLC purchased a new stake in shares of Phillips Edison & Company, Inc. during the 4th quarter valued at about $407,000. Summit Investment Advisors Inc. grew its position in Phillips Edison & Company, Inc. by 4.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 14,856 shares of the company's stock worth $557,000 after acquiring an additional 624 shares in the last quarter. Finally, Townsquare Capital LLC increased its stake in Phillips Edison & Company, Inc. by 38.2% during the fourth quarter. Townsquare Capital LLC now owns 8,307 shares of the company's stock worth $311,000 after acquiring an additional 2,298 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

Phillips Edison & Company, Inc. Stock Up 0.6 %

Shares of NASDAQ PECO traded up $0.20 during trading hours on Friday, hitting $35.43. 150,612 shares of the stock were exchanged, compared to its average volume of 726,387. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The firm has a fifty day moving average price of $35.41 and a 200-day moving average price of $36.82. The company has a market cap of $4.44 billion, a PE ratio of 70.86, a PEG ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. The firm had revenue of $178.31 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. As a group, equities analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Friday, May 16th will be issued a $0.1025 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.23 annualized dividend and a yield of 3.47%. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is presently 215.79%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wells Fargo & Company cut their target price on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Mizuho lowered their target price 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $38.83.

Phillips Edison & Company, Inc. 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.