AlphaQuest LLC Lowers Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

AlphaQuest LLC trimmed its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 86.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,509 shares of the company’s stock after selling 47,843 shares during the quarter. AlphaQuest LLC’s holdings in Phillips Edison & Company, Inc. were worth $281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new position in Phillips Edison & Company, Inc. during the third quarter worth about $921,000. Entropy Technologies LP bought a new position in shares of Phillips Edison & Company, Inc. during the 3rd quarter worth approximately $712,000. KBC Group NV boosted its stake in shares of Phillips Edison & Company, Inc. by 21.9% in the 3rd quarter. KBC Group NV now owns 3,902 shares of the company’s stock worth $147,000 after buying an additional 700 shares during the last quarter. Metis Global Partners LLC grew its holdings in shares of Phillips Edison & Company, Inc. by 29.8% in the third quarter. Metis Global Partners LLC now owns 12,613 shares of the company’s stock valued at $476,000 after acquiring an additional 2,893 shares in the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of Phillips Edison & Company, Inc. by 132.6% in the third quarter. Natixis Advisors LLC now owns 43,782 shares of the company’s stock valued at $1,651,000 after acquiring an additional 24,963 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ PECO opened at $34.81 on Friday. The stock has a market capitalization of $4.36 billion, a PE ratio of 69.62, a P/E/G ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $40.12. The business’s fifty day moving average price is $36.22 and its 200-day moving average price is $37.37.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.62 EPS for the quarter, beating 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%. As a group, equities analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be issued a $0.1025 dividend. This represents a $1.23 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Monday, March 17th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 246.00%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PECO shares. Wells Fargo & Company cut their price objective on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. 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 on the stock in a report on Tuesday, January 7th. Finally, Mizuho reduced their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $39.00.

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.