Certior Financial Group LLC Makes New $1.27 Million Investment in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Certior Financial Group LLC bought a new stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) in the fourth quarter, HoldingsChannel.com reports. The fund bought 33,859 shares of the company’s stock, valued at approximately $1,268,000. Phillips Edison & Company, Inc. comprises 1.1% of Certior Financial Group LLC’s holdings, making the stock its 27th biggest holding.

Other institutional investors also recently made changes to their positions in the company. Arizona State Retirement System boosted its position in Phillips Edison & Company, Inc. by 0.8% during the 4th quarter. Arizona State Retirement System now owns 35,534 shares of the company’s stock valued at $1,331,000 after purchasing an additional 290 shares during the period. 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 valued at $410,000 after acquiring an additional 307 shares during the period. State of Alaska Department of Revenue grew its position 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 acquiring an additional 344 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Phillips Edison & Company, Inc. by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 20,185 shares of the company’s stock worth $756,000 after acquiring an additional 510 shares during the period. Finally, KBC Group NV lifted its position 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 purchasing an additional 522 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ:PECO opened at $34.98 on Monday. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 69.96, a PEG ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The stock’s 50 day moving average price is $36.12 and its 200 day moving average price is $37.18.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced 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%. On average, sell-side analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The firm 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. The ex-dividend date is Tuesday, April 15th. This represents a $1.23 annualized dividend and a dividend yield of 3.52%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 246.00%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Mizuho decreased their target price 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. JPMorgan Chase & Co. decreased their price objective 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, Wells Fargo & Company cut their target price on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.