Raleigh Capital Management Inc. Has $333,000 Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Raleigh Capital Management Inc. cut its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 7.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,889 shares of the company’s stock after selling 729 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Phillips Edison & Company, Inc. were worth $333,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PECO. Mizuho lifted their price target on shares of 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. Wolfe Research raised Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. cut their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $39.50.

Phillips Edison & Company, Inc. Trading Up 1.4 %

NASDAQ:PECO opened at $36.30 on Friday. The stock’s 50-day moving average is $37.97 and its 200-day moving average is $36.96. Phillips Edison & Company, Inc. has a 1-year low of $30.62 and a 1-year high of $40.12. The stock has a market cap of $4.45 billion, a P/E ratio of 78.91, a price-to-earnings-growth ratio of 3.18 and a beta of 0.59.

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

Phillips Edison & Company, Inc. Increases Dividend

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

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.