Entropy Technologies LP Makes New Investment in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Entropy Technologies LP purchased a new position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 18,871 shares of the company’s stock, valued at approximately $712,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Phillips Edison & Company, Inc. in the 1st quarter worth $475,000. Swiss National Bank lifted its holdings in shares of Phillips Edison & Company, Inc. by 2.0% in the 1st quarter. Swiss National Bank now owns 236,100 shares of the company’s stock worth $8,469,000 after purchasing an additional 4,700 shares in the last quarter. Sei Investments Co. bought a new position in shares of Phillips Edison & Company, Inc. in the 1st quarter worth $1,202,000. Russell Investments Group Ltd. lifted its holdings in shares of Phillips Edison & Company, Inc. by 49.8% in the 1st quarter. Russell Investments Group Ltd. now owns 37,603 shares of the company’s stock worth $1,349,000 after purchasing an additional 12,493 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Phillips Edison & Company, Inc. by 9.5% in the 1st quarter. ProShare Advisors LLC now owns 24,304 shares of the company’s stock worth $872,000 after purchasing an additional 2,109 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on PECO. Wolfe Research upgraded Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a report on Wednesday. Compass Point increased their price target on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Mizuho increased their price target on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Finally, Wells Fargo & Company raised Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $34.00 to $37.00 in a research report on Wednesday, August 28th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $38.43.

Phillips Edison & Company, Inc. Price Performance

Shares of Phillips Edison & Company, Inc. stock opened at $38.74 on Friday. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $39.83. The firm has a market cap of $4.75 billion, a PE ratio of 84.22, a P/E/G ratio of 3.58 and a beta of 0.57. The stock has a fifty day moving average price of $37.63 and a 200-day moving average price of $34.98.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its earnings results on Thursday, October 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.52). Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. The business had revenue of $165.50 million for the quarter, compared to analysts’ expectations of $157.20 million. During the same period in the prior year, the business earned $0.58 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, equities analysts anticipate that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Tuesday, February 18th. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 267.39%.

About Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc (PECO) is one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers.