Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC cut its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,363 shares of the company’s stock after selling 583 shares during the quarter. Advisory Services Network LLC’s holdings in Phillips Edison & Company, Inc. were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. FIL Ltd boosted its position in Phillips Edison & Company, Inc. by 17.8% in the 4th quarter. FIL Ltd now owns 2,155 shares of the company’s stock valued at $81,000 after buying an additional 325 shares during the period. Invesco Ltd. boosted its holdings in Phillips Edison & Company, Inc. by 3.3% in the fourth quarter. Invesco Ltd. now owns 393,621 shares of the company’s stock valued at $14,745,000 after purchasing an additional 12,521 shares during the period. Bank of Montreal Can grew its stake in Phillips Edison & Company, Inc. by 24.7% during the 4th quarter. Bank of Montreal Can now owns 111,333 shares of the company’s stock worth $4,171,000 after purchasing an additional 22,033 shares in the last quarter. Certior Financial Group LLC purchased a new stake in Phillips Edison & Company, Inc. during the 4th quarter worth about $1,268,000. Finally, FMR LLC increased its holdings in Phillips Edison & Company, Inc. by 14.6% during the 4th quarter. FMR LLC now owns 3,026,358 shares of the company’s stock worth $113,367,000 after purchasing an additional 385,983 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Wells Fargo & Company lowered their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Finally, Mizuho reduced 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $38.83.

Phillips Edison & Company, Inc. Trading Up 1.8 %

PECO stock opened at $36.18 on Friday. The stock has a market cap of $4.53 billion, a P/E ratio of 72.36, a PEG ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $40.12. The company’s 50 day moving average is $35.69 and its two-hundred day moving average is $36.95.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.62 EPS for the quarter, topping 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 predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share 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. Stockholders of record on Tuesday, April 15th will be issued a $0.1025 dividend. This represents a $1.23 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Tuesday, April 15th. Phillips Edison & Company, Inc.’s payout ratio is currently 246.00%.

Phillips Edison & Company, Inc. Company 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.