Barclays PLC Boosts Stock Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Barclays PLC raised its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 19.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 333,297 shares of the company’s stock after purchasing an additional 53,865 shares during the period. Barclays PLC owned 0.27% of Phillips Edison & Company, Inc. worth $12,486,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in PECO. SageView Advisory Group LLC purchased a new stake in Phillips Edison & Company, Inc. during the fourth quarter valued at about $407,000. Summit Investment Advisors Inc. lifted its stake in shares of Phillips Edison & Company, Inc. by 4.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 14,856 shares of the company’s stock valued at $557,000 after buying an additional 624 shares in the last quarter. Townsquare Capital LLC boosted its holdings in Phillips Edison & Company, Inc. by 38.2% in the 4th quarter. Townsquare Capital LLC now owns 8,307 shares of the company’s stock worth $311,000 after buying an additional 2,298 shares during the period. Sterling Capital Management LLC grew its stake in Phillips Edison & Company, Inc. by 784.3% in the 4th quarter. Sterling Capital Management LLC now owns 3,387 shares of the company’s stock valued at $127,000 after buying an additional 3,004 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Phillips Edison & Company, Inc. during the 4th quarter valued at $4,141,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PECO. JPMorgan Chase & Co. cut their price target on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Wells Fargo & Company reduced their target price on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Finally, Mizuho decreased 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. 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, Phillips Edison & Company, Inc. has a consensus rating of “Moderate Buy” and an average target price of $38.83.

Phillips Edison & Company, Inc. Stock Down 2.5 %

Shares of PECO stock opened at $35.29 on Tuesday. The business has a 50-day moving average price of $35.66 and a two-hundred day moving average price of $36.94. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12. The firm has a market cap of $4.42 billion, a P/E ratio of 70.58, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given 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 Tuesday, April 15th. Phillips Edison & Company, Inc.’s payout ratio is presently 246.00%.

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.