Aster Capital Management DIFC Ltd Grows Stock Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Aster Capital Management DIFC Ltd boosted its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 5,154.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,988 shares of the company’s stock after buying an additional 6,855 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Phillips Edison & Company, Inc. were worth $262,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Legacy Investment Solutions LLC bought a new position in shares of Phillips Edison & Company, Inc. in the third quarter worth about $36,000. Allworth Financial LP boosted its stake in 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 during the period. Blue Trust Inc. grew its holdings in Phillips Edison & Company, Inc. by 24.9% during the 4th quarter. Blue Trust Inc. now owns 3,023 shares of the company’s stock valued at $113,000 after buying an additional 603 shares in the last quarter. Eukles Asset Management bought a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter valued at approximately $156,000. Finally, KBC Group NV lifted its holdings 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 worth $166,000 after buying an additional 522 shares in the last quarter. 80.70% of the stock is owned by institutional investors.

Phillips Edison & Company, Inc. Trading Down 1.9 %

Shares of NASDAQ:PECO opened at $34.33 on Tuesday. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 68.66, 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 company has a 50-day moving average price of $36.06 and a 200 day moving average price of $37.15.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) 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%. As a group, equities 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 disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders 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 yield of 3.58%. The ex-dividend date is Tuesday, April 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 246.00%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. reduced 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 report on Tuesday, January 7th. Wells Fargo & Company reduced 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 report on Wednesday, March 26th. Finally, Mizuho dropped their price target on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average 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.