Advisory Alpha LLC Sells 421 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Advisory Alpha LLC decreased its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,851 shares of the company’s stock after selling 421 shares during the quarter. Advisory Alpha LLC’s holdings in Phillips Edison & Company, Inc. were worth $257,000 as of its most recent SEC filing.

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

Phillips Edison & Company, Inc. Trading Up 1.4 %

Shares of Phillips Edison & Company, Inc. stock opened at $36.30 on Friday. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12. The company’s fifty day simple moving average is $37.97 and its 200-day simple moving average is $36.96. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 78.91, a PEG ratio of 3.18 and a beta of 0.59.

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 analysts’ consensus estimates 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 business had revenue of $165.50 million for the quarter, compared to analyst estimates of $157.20 million. During the same quarter in the prior year, the firm earned $0.58 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, research analysts forecast that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have recently commented on PECO. Wolfe Research raised shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price target on the stock in a research report on Wednesday, November 13th. Mizuho raised their price objective on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Phillips Edison & Company, Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $39.50.

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.