Handelsbanken Fonder AB Buys 1,400 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Handelsbanken Fonder AB lifted its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 3.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 42,100 shares of the company’s stock after purchasing an additional 1,400 shares during the quarter. Handelsbanken Fonder AB’s holdings in Phillips Edison & Company, Inc. were worth $1,577,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. M&T Bank Corp increased its position in shares of Phillips Edison & Company, Inc. by 2.9% during the 3rd quarter. M&T Bank Corp now owns 10,883 shares of the company’s stock valued at $410,000 after purchasing an additional 307 shares during the last quarter. Blue Trust Inc. increased its position in shares of Phillips Edison & Company, Inc. by 15.5% during the 3rd quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock valued at $91,000 after purchasing an additional 325 shares during the last quarter. State of Alaska Department of Revenue increased 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 valued at $4,811,000 after purchasing an additional 344 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Phillips Edison & Company, Inc. by 6.5% during the 3rd quarter. Private Advisor Group LLC now owns 8,009 shares of the company’s stock valued at $302,000 after purchasing an additional 487 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Phillips Edison & Company, Inc. by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 20,185 shares of the company’s stock valued at $756,000 after purchasing an additional 510 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Down 0.3 %

PECO opened at $36.01 on Thursday. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12. The business’s fifty day simple moving average is $36.65 and its 200-day simple moving average is $37.34. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 72.02, a PEG ratio of 1.70 and a beta of 0.58.

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, topping 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, equities research analysts predict that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be paid a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Monday, March 17th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 246.00%.

Analyst Ratings Changes

Several research firms have recently weighed in on PECO. Wells Fargo & Company cut their target price on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut their target price on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Wolfe Research raised Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a research report on Wednesday, November 13th. Finally, Mizuho cut their price objective on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $39.00.

About Phillips Edison & Company, Inc.

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.