RMR Wealth Builders Has $1.86 Million Stake in Phillips Edison & Company, Inc. (NASDAQ:PECO)

RMR Wealth Builders lowered its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 19.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 49,593 shares of the company’s stock after selling 11,660 shares during the quarter. RMR Wealth Builders’ holdings in Phillips Edison & Company, Inc. were worth $1,858,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in shares of Phillips Edison & Company, Inc. in the 3rd quarter valued at approximately $28,000. Legacy Investment Solutions LLC acquired a new stake in Phillips Edison & Company, Inc. in the third quarter worth $36,000. Blue Trust Inc. raised its holdings in Phillips Edison & Company, Inc. by 15.5% in the third quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock worth $91,000 after purchasing an additional 325 shares during the period. GAMMA Investing LLC boosted its position in shares of Phillips Edison & Company, Inc. by 31.8% during the third quarter. GAMMA Investing LLC now owns 3,330 shares of the company’s stock worth $126,000 after purchasing an additional 803 shares in the last quarter. Finally, Tsfg LLC acquired a new position in shares of Phillips Edison & Company, Inc. in the 3rd quarter valued at $127,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ PECO opened at $35.46 on Thursday. The business has a 50-day moving average of $38.40 and a 200-day moving average of $36.86. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 77.09, a PEG ratio of 2.94 and a beta of 0.59. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.52). Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The company had revenue of $165.50 million for the quarter, compared to analyst estimates of $157.20 million. During the same period last year, the firm earned $0.58 EPS. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, sell-side analysts expect that Phillips Edison & Company, Inc. will post 2.43 EPS for the current year.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.1025 per share. The ex-dividend date was Monday, December 16th. This is a positive change from Phillips Edison & Company, Inc.’s previous dividend of $0.10. This represents a dividend yield of 3.13%. Phillips Edison & Company, Inc.’s payout ratio is currently 267.39%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wolfe Research raised Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 target price for the company in a research note on Wednesday, November 13th. Mizuho boosted their target price on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. reduced their price target 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Phillips Edison & Company, Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.50.

Phillips Edison & Company, Inc. 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.