Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Acquired by Xponance Inc.

Xponance Inc. boosted its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 5.3% in the first quarter, HoldingsChannel reports. The firm owned 9,276 shares of the company’s stock after purchasing an additional 467 shares during the quarter. Xponance Inc.’s holdings in Phillips Edison & Company, Inc. were worth $338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp boosted its position in Phillips Edison & Company, Inc. by 78.1% during the 1st quarter. Fifth Third Bancorp now owns 732 shares of the company’s stock valued at $27,000 after purchasing an additional 321 shares during the period. CX Institutional acquired a new position in Phillips Edison & Company, Inc. during the 1st quarter worth $30,000. MassMutual Private Wealth & Trust FSB boosted its position in Phillips Edison & Company, Inc. by 79.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,360 shares of the company’s stock worth $50,000 after acquiring an additional 602 shares during the period. State of Wyoming acquired a new position in Phillips Edison & Company, Inc. during the 4th quarter worth $54,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Phillips Edison & Company, Inc. during the 4th quarter worth $68,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Down 0.2%

Shares of Phillips Edison & Company, Inc. stock opened at $34.93 on Friday. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 61.28, a price-to-earnings-growth ratio of 1.23 and a beta of 0.55. The business has a fifty day simple moving average of $35.20 and a 200-day simple moving average of $35.64. Phillips Edison & Company, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.02. The business had revenue of $178.31 million during the quarter, compared to analyst estimates of $170.59 million. Phillips Edison & Company, Inc. had a return on equity of 2.73% and a net margin of 10.51%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 17th were issued a $0.1025 dividend. The ex-dividend date was Monday, June 16th. This represents a dividend yield of 3.5%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 215.79%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PECO shares. Wells Fargo & Company reduced their price target on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. Barclays started coverage on Phillips Edison & Company, Inc. in a research report on Wednesday, July 2nd. They set an “equal weight” rating and a $37.00 price target for the company. Finally, Mizuho reduced their price target on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $38.50.

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.