Phillips Edison & Company, Inc. (NASDAQ:PECO) Position Increased by Jane Street Group LLC

Jane Street Group LLC boosted its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 54.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 172,712 shares of the company’s stock after acquiring an additional 61,011 shares during the quarter. Jane Street Group LLC owned 0.14% of Phillips Edison & Company, Inc. worth $6,513,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of PECO. State Street Corp grew its stake in Phillips Edison & Company, Inc. by 0.3% in the third quarter. State Street Corp now owns 7,068,684 shares of the company’s stock valued at $267,289,000 after purchasing an additional 18,429 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Phillips Edison & Company, Inc. by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,094,331 shares of the company’s stock valued at $78,977,000 after acquiring an additional 102,519 shares during the period. Dimensional Fund Advisors LP boosted its position in Phillips Edison & Company, Inc. by 16.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,250,731 shares of the company’s stock valued at $40,911,000 after buying an additional 179,775 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Phillips Edison & Company, Inc. by 5.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,108,716 shares of the company’s stock valued at $41,810,000 after buying an additional 56,897 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Phillips Edison & Company, Inc. by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 1,106,277 shares of the company’s stock valued at $36,186,000 after purchasing an additional 27,611 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ:PECO opened at $39.20 on Friday. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12. The company has a market capitalization of $4.81 billion, a P/E ratio of 85.22, a P/E/G ratio of 3.58 and a beta of 0.57. The business’s 50 day simple moving average is $38.23 and its 200 day simple moving average is $35.99.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its earnings results on Thursday, October 24th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.52). Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The company had revenue of $165.50 million for the quarter, compared to the consensus estimate of $157.20 million. During the same period in the previous year, the firm posted $0.58 EPS. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.1025 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.14%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 267.39%.

Analysts Set New Price Targets

Several research firms have recently issued reports on PECO. Wolfe Research upgraded Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 target price for the company in a research report on Wednesday, November 13th. Mizuho upped their price target on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Compass Point lifted their price objective on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Finally, Wells Fargo & Company upgraded shares of Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $34.00 to $37.00 in a report on Wednesday, August 28th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $39.14.

About Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc (PECO) is one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers.