Caisse Des Depots ET Consignations Buys New Shares in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Caisse Des Depots ET Consignations purchased a new stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) in the 4th quarter, HoldingsChannel reports. The fund purchased 20,314 shares of the company’s stock, valued at approximately $761,000.

Several other institutional investors have also recently made changes to their positions in the stock. Legacy Investment Solutions LLC bought a new stake in Phillips Edison & Company, Inc. in the 3rd quarter valued at about $36,000. Allworth Financial LP lifted its holdings in shares of Phillips Edison & Company, Inc. by 94.6% in the 4th quarter. Allworth Financial LP now owns 1,621 shares of the company’s stock worth $58,000 after purchasing an additional 788 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Phillips Edison & Company, Inc. by 24.9% in the 4th quarter. Blue Trust Inc. now owns 3,023 shares of the company’s stock worth $113,000 after purchasing an additional 603 shares in the last quarter. Eukles Asset Management acquired a new stake in Phillips Edison & Company, Inc. in the 4th quarter valued at $156,000. Finally, KBC Group NV lifted its stake in shares of Phillips Edison & Company, Inc. by 13.4% in the fourth quarter. KBC Group NV now owns 4,424 shares of the company’s stock valued at $166,000 after buying an additional 522 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

PECO has been the subject of a number of analyst reports. Wells Fargo & Company cut their price target on 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. JPMorgan Chase & Co. decreased their price target on 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 cut their price objective 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $38.83.

Phillips Edison & Company, Inc. Trading Down 0.8 %

PECO stock opened at $35.69 on Friday. The stock has a market cap of $4.47 billion, a P/E ratio of 71.38, a P/E/G ratio of 1.70 and a beta of 0.57. The stock’s fifty day simple moving average is $36.10 and its two-hundred day simple moving average is $37.27. 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) last posted 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%. As a group, analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a $0.1025 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.45%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 246.00%.

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.