First Foundation Advisors Reduces Stock Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

First Foundation Advisors lowered its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,615 shares of the company’s stock after selling 4,067 shares during the quarter. First Foundation Advisors’ holdings in Phillips Edison & Company, Inc. were worth $2,233,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PECO. Allworth Financial LP increased its stake in shares of Phillips Edison & Company, Inc. by 94.6% in the 4th quarter. Allworth Financial LP now owns 1,621 shares of the company’s stock valued at $58,000 after buying an additional 788 shares during the period. FIL Ltd raised its position in Phillips Edison & Company, Inc. by 17.8% during the 4th quarter. FIL Ltd now owns 2,155 shares of the company’s stock worth $81,000 after purchasing an additional 325 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Phillips Edison & Company, Inc. by 24.9% in the 4th quarter. Blue Trust Inc. now owns 3,023 shares of the company’s stock valued at $113,000 after buying an additional 603 shares during the period. Eukles Asset Management bought a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter worth approximately $156,000. Finally, KBC Group NV grew its position in shares of Phillips Edison & Company, Inc. by 13.4% during the 4th quarter. KBC Group NV now owns 4,424 shares of the company’s stock valued at $166,000 after purchasing an additional 522 shares in the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on PECO shares. JPMorgan Chase & Co. cut their target price on shares of 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. Mizuho cut their price objective 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. Finally, Wells Fargo & Company cut their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Phillips Edison & Company, Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $38.83.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO stock opened at $35.05 on Thursday. Phillips Edison & Company, Inc. has a 52-week low of $30.62 and a 52-week high of $40.12. The business’s fifty day moving average is $35.87 and its 200 day moving average is $37.05. The company has a market capitalization of $4.39 billion, a PE ratio of 70.10, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates 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%. On average, sell-side analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a dividend of $0.1025 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.23 annualized dividend and a yield of 3.51%. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 246.00%.

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.