Phillips Edison & Company, Inc. (NASDAQ:PECO) Short Interest Update

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 4,380,000 shares, an increase of 32.3% from the March 31st total of 3,310,000 shares. Currently, 3.5% of the shares of the stock are sold short. Based on an average daily volume of 746,600 shares, the days-to-cover ratio is currently 5.9 days.

Phillips Edison & Company, Inc. Stock Up 0.1 %

Shares of PECO traded up $0.04 during trading hours on Tuesday, hitting $35.45. 253,281 shares of the company were exchanged, compared to its average volume of 708,664. The firm's fifty day moving average is $35.50 and its 200 day moving average is $36.85. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 70.91, a P/E/G ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.02. The company had revenue of $178.31 million for 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%. Phillips Edison & Company, Inc.'s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. Analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The company 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 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 215.79%.

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

Hedge funds have recently made changes to their positions in the business. Arizona State Retirement System grew its stake in shares of Phillips Edison & Company, Inc. by 0.8% in the fourth quarter. Arizona State Retirement System now owns 35,534 shares of the company's stock worth $1,331,000 after purchasing an additional 290 shares during the last quarter. Fifth Third Bancorp raised its stake in Phillips Edison & Company, Inc. by 78.1% in the first quarter. Fifth Third Bancorp now owns 732 shares of the company's stock worth $27,000 after buying an additional 321 shares in the last quarter. FIL Ltd grew its stake in Phillips Edison & Company, Inc. by 17.8% in the fourth quarter. FIL Ltd now owns 2,155 shares of the company's stock worth $81,000 after purchasing an additional 325 shares during the period. State of Alaska Department of Revenue boosted its stake in Phillips Edison & Company, Inc. by 0.3% during the fourth quarter. State of Alaska Department of Revenue now owns 128,465 shares of the company's stock worth $4,811,000 after acquiring an additional 344 shares in the last quarter. Finally, Xponance Inc. grew its stake in shares of Phillips Edison & Company, Inc. by 5.3% in the 1st quarter. Xponance Inc. now owns 9,276 shares of the company's stock worth $338,000 after buying an additional 467 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PECO shares. Wells Fargo & Company reduced their price target 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 report on Wednesday, March 26th. JPMorgan Chase & Co. lowered their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Finally, Mizuho dropped 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 company. According to data from MarketBeat.com, Phillips Edison & Company, Inc. has a consensus rating of "Moderate Buy" and an average price target of $38.83.

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.