Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG increased its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 10.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 359,788 shares of the company's stock after buying an additional 33,933 shares during the quarter. Deutsche Bank AG owned about 0.29% of Phillips Edison & Company, Inc. worth $13,478,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PECO. Barclays PLC increased its stake in Phillips Edison & Company, Inc. by 49.2% in the third quarter. Barclays PLC now owns 279,432 shares of the company's stock valued at $10,538,000 after purchasing an additional 92,129 shares during the period. Foresight Group Ltd Liability Partnership acquired a new position in Phillips Edison & Company, Inc. in the 4th quarter valued at about $1,322,000. Wealthcare Advisory Partners LLC raised its stake in 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 valued at $408,000 after acquiring an additional 4,228 shares during the last quarter. Arkadios Wealth Advisors lifted its position in 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 acquiring an additional 17,192 shares during the period. Finally, Perpetual Ltd grew its stake in shares of Phillips Edison & Company, Inc. by 39.5% in the 4th quarter. Perpetual Ltd now owns 15,460 shares of the company's stock valued at $579,000 after purchasing an additional 4,380 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on PECO shares. Wells Fargo & Company dropped their price objective on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Mizuho lowered their price objective on 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $38.83.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ PECO traded down $0.49 during trading on Wednesday, hitting $34.95. 182,474 shares of the company were exchanged, compared to its average volume of 723,262. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 69.87, a PEG ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12. The firm's fifty day moving average price is $35.43 and its 200 day moving average price is $36.74.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.65 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $170.59 million. During the same quarter last year, the business earned $0.60 earnings per share. The business's revenue for the quarter was up 10.2% compared to the same quarter last year. On average, 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 company also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be issued a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Monday, June 16th. Phillips Edison & Company, Inc.'s dividend payout ratio is currently 215.79%.

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.