Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 11.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,799 shares of the company's stock after acquiring an additional 8,065 shares during the period. Price T Rowe Associates Inc. MD owned 0.07% of Phillips Edison & Company, Inc. worth $2,990,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of PECO. Dark Forest Capital Management LP bought a new position in Phillips Edison & Company, Inc. in the 4th quarter worth about $849,000. Hsbc Holdings PLC boosted its position in Phillips Edison & Company, Inc. by 9.8% in the fourth quarter. Hsbc Holdings PLC now owns 105,182 shares of the company's stock worth $3,938,000 after purchasing an additional 9,422 shares during the last quarter. Transce3nd LLC bought a new position in shares of Phillips Edison & Company, Inc. in the 4th quarter worth approximately $553,000. MetLife Investment Management LLC lifted its position in Phillips Edison & Company, Inc. by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 77,874 shares of the company's stock valued at $2,917,000 after purchasing an additional 4,281 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Phillips Edison & Company, Inc. by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,396,937 shares of the company's stock valued at $52,328,000 after acquiring an additional 59,059 shares during the period. Institutional investors own 80.70% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Mizuho lowered their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th. 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 for the company in a report on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $38.83.

Phillips Edison & Company, Inc. Stock Performance

PECO traded up $0.37 during trading on Friday, hitting $35.60. 991,790 shares of the stock were exchanged, compared to its average volume of 716,890. The firm has a 50 day simple moving average of $35.39 and a 200 day simple moving average of $36.81. The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 71.20, a P/E/G 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.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.02. The company had revenue of $178.31 million during 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 firm's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $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 business also recently declared a monthly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Friday, May 16th will be given a $0.1025 dividend. This represents a $1.23 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Friday, May 16th. Phillips Edison & Company, Inc.'s payout ratio is 215.79%.

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.