Susquehanna Fundamental Investments LLC Takes $2.92 Million Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Susquehanna Fundamental Investments LLC acquired a new stake in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 77,976 shares of the company's stock, valued at approximately $2,921,000. Susquehanna Fundamental Investments LLC owned approximately 0.06% of Phillips Edison & Company, Inc. as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PECO. Voya Investment Management LLC boosted its stake in Phillips Edison & Company, Inc. by 54.0% during the fourth quarter. Voya Investment Management LLC now owns 65,764 shares of the company's stock worth $2,464,000 after buying an additional 23,049 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in Phillips Edison & Company, Inc. by 31.3% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 590,861 shares of the company's stock valued at $22,134,000 after purchasing an additional 140,861 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Phillips Edison & Company, Inc. by 11.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 79,799 shares of the company's stock valued at $2,990,000 after buying an additional 8,065 shares during the period. Dark Forest Capital Management LP purchased a new stake in shares of Phillips Edison & Company, Inc. during the 4th quarter valued at approximately $849,000. Finally, Hsbc Holdings PLC lifted its holdings 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 valued at $3,938,000 after acquiring an additional 9,422 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Analyst Upgrades and Downgrades

PECO has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their target price on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Wells Fargo & Company decreased their target price 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. Finally, Mizuho dropped their price target 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Phillips Edison & Company, Inc. presently has an average rating of "Moderate Buy" and an average price target of $38.83.

Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ:PECO traded up $0.07 on Monday, hitting $35.62. 82,899 shares of the company's stock were exchanged, compared to its average volume of 707,572. Phillips Edison & Company, Inc. has a 1-year low of $30.62 and a 1-year high of $40.12. The company has a market capitalization of $4.46 billion, a PE ratio of 71.33, a P/E/G ratio of 1.70 and a beta of 0.57. The firm's 50-day moving average is $35.51 and its 200 day moving average is $36.86.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its earnings results 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. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. The business had revenue of $178.31 million during the quarter, compared to analysts' expectations of $170.59 million. During the same quarter in the prior year, the business posted $0.60 EPS. The company's revenue for the quarter was up 10.2% on a year-over-year basis. On average, analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be paid a dividend of $0.1025 per share. The ex-dividend date of this dividend is Tuesday, July 15th. 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%.

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.