25,900 Shares in Phillips Edison & Company, Inc. (NASDAQ:PECO) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) in the fourth quarter, Holdings Channel.com reports. The firm purchased 25,900 shares of the company’s stock, valued at approximately $972,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PECO. Allspring Global Investments Holdings LLC bought a new position in shares of Phillips Edison & Company, Inc. in the fourth quarter valued at approximately $488,000. Barclays PLC lifted its stake in Phillips Edison & Company, Inc. by 49.2% during the 3rd quarter. Barclays PLC now owns 279,432 shares of the company’s stock valued at $10,538,000 after acquiring an additional 92,129 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Phillips Edison & Company, Inc. by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,517 shares of the company’s stock worth $80,371,000 after acquiring an additional 51,186 shares during the last quarter. Duff & Phelps Investment Management Co. grew its stake in shares of Phillips Edison & Company, Inc. by 50.1% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,474,130 shares of the company’s stock worth $55,589,000 after acquiring an additional 492,160 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Phillips Edison & Company, Inc. by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 595,165 shares of the company’s stock valued at $22,295,000 after purchasing an additional 17,235 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PECO shares. Mizuho cut their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. Wells Fargo & Company cut their target price on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Finally, JPMorgan Chase & Co. dropped their price target on 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. currently has an average rating of “Moderate Buy” and an average target price of $38.83.

Phillips Edison & Company, Inc. Trading Up 0.8 %

Phillips Edison & Company, Inc. stock opened at $35.96 on Monday. The business’s 50 day simple moving average is $36.10 and its 200 day simple moving average is $37.26. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 71.92, a PEG ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.62 EPS 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%. As a group, equities research analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a $0.1025 dividend. This represents a $1.23 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Tuesday, April 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 246.00%.

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.