Phillips Edison & Company, Inc. (NASDAQ:PECO) Stock Position Raised by Modern Wealth Management LLC

Modern Wealth Management LLC boosted its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 54.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 117,452 shares of the company’s stock after purchasing an additional 41,229 shares during the period. Modern Wealth Management LLC owned 0.10% of Phillips Edison & Company, Inc. worth $4,325,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Arizona State Retirement System grew its holdings in shares of Phillips Edison & Company, Inc. by 0.8% during the fourth quarter. Arizona State Retirement System now owns 35,534 shares of the company’s stock valued at $1,331,000 after buying an additional 290 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of Phillips Edison & Company, Inc. by 2.9% during the third quarter. M&T Bank Corp now owns 10,883 shares of the company’s stock worth $410,000 after purchasing an additional 307 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of 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 purchasing an additional 344 shares during the period. Exchange Traded Concepts LLC grew its position in Phillips Edison & Company, Inc. by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 20,185 shares of the company’s stock valued at $756,000 after purchasing an additional 510 shares in the last quarter. Finally, KBC Group NV increased its stake in Phillips Edison & Company, Inc. by 13.4% in the 4th quarter. KBC Group NV now owns 4,424 shares of the company’s stock valued at $166,000 after buying an additional 522 shares during the period. 80.70% of the stock is owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Price Performance

Shares of PECO opened at $35.65 on Wednesday. The company has a market capitalization of $4.46 billion, a PE ratio of 71.30, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $40.12. The company’s fifty day moving average price is $36.09 and its 200 day moving average price is $37.29.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data 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 return on equity of 2.40% and a net margin of 9.48%. Analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Tuesday, April 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 246.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PECO shares. Mizuho lowered their price target on shares of 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. Wells Fargo & Company lowered their target price on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. cut their price target 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $39.00.

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.