Apeiron RIA LLC Has $494,000 Stock Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Apeiron RIA LLC lessened its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 11.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,180 shares of the company’s stock after selling 1,666 shares during the quarter. Apeiron RIA LLC’s holdings in Phillips Edison & Company, Inc. were worth $494,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp lifted its position in Phillips Edison & Company, Inc. by 0.3% in the third quarter. State Street Corp now owns 7,068,684 shares of the company’s stock worth $267,289,000 after purchasing an additional 18,429 shares during the period. Geode Capital Management LLC raised its stake in shares of Phillips Edison & Company, Inc. by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,190,836 shares of the company’s stock valued at $120,347,000 after buying an additional 19,205 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Phillips Edison & Company, Inc. by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,094,331 shares of the company’s stock worth $78,977,000 after acquiring an additional 102,519 shares during the period. Duff & Phelps Investment Management Co. boosted its position in shares of Phillips Edison & Company, Inc. by 50.1% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,474,130 shares of the company’s stock valued at $55,589,000 after acquiring an additional 492,160 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Phillips Edison & Company, Inc. by 16.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,250,731 shares of the company’s stock valued at $40,911,000 after acquiring an additional 179,775 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on PECO shares. JPMorgan Chase & Co. dropped 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 report on Tuesday, January 7th. Mizuho increased their target price on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, Wolfe Research raised 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 note on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.50.

Phillips Edison & Company, Inc. Trading Up 1.4 %

Shares of Phillips Edison & Company, Inc. stock opened at $36.30 on Friday. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 78.91, a P/E/G ratio of 3.13 and a beta of 0.59. The firm’s 50-day moving average price is $37.97 and its two-hundred day moving average price is $36.96. Phillips Edison & Company, Inc. has a 1-year low of $30.62 and a 1-year high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.09 EPS 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 the consensus estimate of $157.20 million. During the same quarter last year, the company earned $0.58 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis. As a group, equities research analysts predict that Phillips Edison & Company, Inc. will post 2.42 EPS for the current year.

Phillips Edison & Company, Inc. Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 3rd. Shareholders 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 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. 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.