Blue Trust Inc. Has $113,000 Stake in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Blue Trust Inc. boosted its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 24.9% during the 4th quarter, HoldingsChannel reports. The firm owned 3,023 shares of the company’s stock after buying an additional 603 shares during the quarter. Blue Trust Inc.’s holdings in Phillips Edison & Company, Inc. were worth $113,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. boosted its position in shares of Phillips Edison & Company, Inc. by 2.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 279,426 shares of the company’s stock worth $10,529,000 after buying an additional 6,500 shares during the period. Van ECK Associates Corp lifted its stake in Phillips Edison & Company, Inc. by 10.2% in the 4th quarter. Van ECK Associates Corp now owns 23,257 shares of the company’s stock worth $871,000 after acquiring an additional 2,155 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Phillips Edison & Company, Inc. in the 4th quarter worth about $488,000. Stonebridge Financial Group LLC acquired a new stake in Phillips Edison & Company, Inc. during the 4th quarter worth about $402,000. Finally, Eukles Asset Management purchased a new position in Phillips Edison & Company, Inc. during the 4th quarter valued at about $156,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ PECO opened at $35.25 on Friday. The business has a 50 day simple moving average of $36.83 and a 200 day simple moving average of $37.29. Phillips Edison & Company, Inc. has a 52 week low of $30.62 and a 52 week high of $40.12. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 70.50, a PEG ratio of 1.72 and a beta of 0.58.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its earnings results on Thursday, February 6th. The company reported $0.62 EPS for the quarter, topping 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%. On average, analysts predict that Phillips Edison & Company, Inc. will post 2.55 EPS for the current 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 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Monday, March 17th. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 246.00%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Mizuho upped their price objective 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 shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 target price for the company in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. lowered 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. Three equities research 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 presently has an average rating of “Moderate Buy” and a consensus target price of $39.50.

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.