14,635 Shares in Phillips Edison & Company, Inc. (NASDAQ:PECO) Purchased by Transce3nd LLC

Transce3nd LLC purchased a new stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 14,635 shares of the company's stock, valued at approximately $553,000.

Other large investors have also recently modified their holdings of the company. Allworth Financial LP raised its stake in Phillips Edison & Company, Inc. by 94.6% in the fourth quarter. Allworth Financial LP now owns 1,621 shares of the company's stock valued at $58,000 after purchasing an additional 788 shares in the last quarter. FIL Ltd lifted its holdings in shares of Phillips Edison & Company, Inc. by 17.8% during the 4th quarter. FIL Ltd now owns 2,155 shares of the company's stock worth $81,000 after acquiring an additional 325 shares during the last quarter. Blue Trust Inc. grew its position in Phillips Edison & Company, Inc. by 24.9% in the fourth quarter. Blue Trust Inc. now owns 3,023 shares of the company's stock worth $113,000 after acquiring an additional 603 shares in the last quarter. Sterling Capital Management LLC increased its stake in Phillips Edison & Company, Inc. by 784.3% in the fourth quarter. Sterling Capital Management LLC now owns 3,387 shares of the company's stock valued at $127,000 after acquiring an additional 3,004 shares during the last quarter. Finally, Eukles Asset Management purchased a new stake in Phillips Edison & Company, Inc. during the fourth quarter valued at about $156,000. Institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ PECO traded down $0.24 during trading hours on Friday, hitting $34.99. The company's stock had a trading volume of 620,919 shares, compared to its average volume of 703,856. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The business has a 50-day simple moving average of $35.59 and a 200-day simple moving average of $36.92. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 69.96, a P/E/G ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.50. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. On average, equities research analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.1025 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.52%. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is 246.00%.

Analysts Set New Price Targets

Several equities analysts have recently commented on PECO shares. Mizuho reduced their price objective on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company cut 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 note on Wednesday, March 26th. Three 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.