Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Sold by BlueChip Wealth Advisors LLC

BlueChip Wealth Advisors LLC lowered its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,490 shares of the company’s stock after selling 952 shares during the period. BlueChip Wealth Advisors LLC’s holdings in Phillips Edison & Company, Inc. were worth $655,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Arizona State Retirement System boosted its position in shares of Phillips Edison & Company, Inc. by 0.8% during the 4th quarter. Arizona State Retirement System now owns 35,534 shares of the company’s stock worth $1,331,000 after acquiring an additional 290 shares in the last quarter. M&T Bank Corp raised its holdings in Phillips Edison & Company, Inc. by 2.9% during the third quarter. M&T Bank Corp now owns 10,883 shares of the company’s stock worth $410,000 after purchasing an additional 307 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Phillips Edison & Company, Inc. by 0.3% during the 4th quarter. State of Alaska Department of Revenue now owns 128,465 shares of the company’s stock worth $4,811,000 after buying an additional 344 shares during the last quarter. Exchange Traded Concepts LLC grew its position in shares of Phillips Edison & Company, Inc. by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 20,185 shares of the company’s stock valued at $756,000 after buying an additional 510 shares during the last quarter. Finally, KBC Group NV raised its stake in Phillips Edison & Company, Inc. by 13.4% during the 4th quarter. KBC Group NV now owns 4,424 shares of the company’s stock worth $166,000 after acquiring an additional 522 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on PECO. JPMorgan Chase & Co. dropped their price objective on 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. Wells Fargo & Company dropped their price target on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Mizuho reduced their price objective on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.83.

Phillips Edison & Company, Inc. Stock Up 0.8 %

NASDAQ PECO opened at $35.96 on Friday. The firm has a market cap of $4.50 billion, a P/E ratio of 71.92, a P/E/G ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a 52-week low of $30.62 and a 52-week high of $40.12. The business’s 50-day moving average price is $36.10 and its 200 day moving average price is $37.26.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its earnings results on Thursday, February 6th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.50. Phillips Edison & Company, Inc. had a return on equity of 2.40% and a net margin of 9.48%. As a group, analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a $0.1025 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.23 annualized dividend and a yield of 3.42%. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 246.00%.

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.