Mercer Global Advisors Inc. ADV Decreases Stock Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Mercer Global Advisors Inc. ADV decreased its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 62.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,153 shares of the company's stock after selling 63,435 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Phillips Edison & Company, Inc. were worth $1,429,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PECO. Barclays PLC increased its holdings 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 buying an additional 92,129 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Phillips Edison & Company, Inc. by 0.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 72,465 shares of the company's stock worth $2,715,000 after purchasing an additional 594 shares during the period. Foresight Group Ltd Liability Partnership purchased a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter worth approximately $1,322,000. Wealthcare Advisory Partners LLC boosted its position in shares of Phillips Edison & Company, Inc. by 63.4% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,901 shares of the company's stock worth $408,000 after purchasing an additional 4,228 shares during the period. Finally, Arkadios Wealth Advisors boosted its position in shares of Phillips Edison & Company, Inc. by 49.2% during the 4th quarter. Arkadios Wealth Advisors now owns 52,157 shares of the company's stock worth $1,954,000 after purchasing an additional 17,192 shares during the period. Institutional investors and hedge funds own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Price Performance

Shares of Phillips Edison & Company, Inc. stock traded down $0.70 during trading on Tuesday, hitting $35.69. 918,219 shares of the stock were exchanged, compared to its average volume of 736,570. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 71.38, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57. The firm's 50-day moving average price is $35.38 and its 200 day moving average price is $36.81. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12.

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

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Friday, May 16th will be paid a $0.1025 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.23 dividend on an annualized basis and a yield of 3.45%. Phillips Edison & Company, Inc.'s dividend payout ratio is presently 215.79%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PECO shares. Wells Fargo & Company lowered 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. 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 report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.83.

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.