Van ECK Associates Corp Has $871,000 Stake in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Van ECK Associates Corp boosted its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 10.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,257 shares of the company’s stock after purchasing an additional 2,155 shares during the quarter. Van ECK Associates Corp’s holdings in Phillips Edison & Company, Inc. were worth $871,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. raised its position in shares of Phillips Edison & Company, Inc. by 15.5% in the 3rd quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock valued at $91,000 after buying an additional 325 shares in the last quarter. Foundations Investment Advisors LLC acquired a new position in shares of Phillips Edison & Company, Inc. in the 3rd quarter valued at approximately $307,000. Private Advisor Group LLC raised its position in shares of Phillips Edison & Company, Inc. by 6.5% in the 3rd quarter. Private Advisor Group LLC now owns 8,009 shares of the company’s stock valued at $302,000 after buying an additional 487 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Phillips Edison & Company, Inc. by 3,092.8% in the 3rd quarter. International Assets Investment Management LLC now owns 104,117 shares of the company’s stock valued at $3,926,000 after buying an additional 100,856 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Phillips Edison & Company, Inc. by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,751 shares of the company’s stock valued at $177,000 after buying an additional 1,230 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Down 0.4 %

Shares of Phillips Edison & Company, Inc. stock opened at $35.25 on Friday. The firm has a market capitalization of $4.41 billion, a PE ratio of 70.50, a price-to-earnings-growth ratio of 1.72 and a beta of 0.58. The firm’s 50 day moving average is $36.83 and its 200 day moving average is $37.29. 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 posted its earnings results on Thursday, February 6th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates 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, research 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 firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Monday, March 17th. Phillips Edison & Company, Inc.’s payout ratio is 246.00%.

Analysts Set New Price Targets

Several brokerages have recently commented on PECO. Wells Fargo & Company dropped their target price 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. JPMorgan Chase & Co. dropped 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. Wolfe Research raised shares of 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 report on Wednesday, November 13th. Finally, Mizuho lifted their price target on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.