Advisory Alpha LLC Sells 421 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Advisory Alpha LLC cut its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,851 shares of the company’s stock after selling 421 shares during the quarter. Advisory Alpha LLC’s holdings in Phillips Edison & Company, Inc. were worth $257,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp lifted its holdings in shares of Phillips Edison & Company, Inc. by 0.3% during the third quarter. State Street Corp now owns 7,068,684 shares of the company’s stock valued at $267,289,000 after acquiring an additional 18,429 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Phillips Edison & Company, Inc. by 0.6% during the third quarter. Geode Capital Management LLC now owns 3,190,836 shares of the company’s stock valued at $120,347,000 after acquiring an additional 19,205 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 buying an additional 102,519 shares during the last quarter. Duff & Phelps Investment Management Co. raised its holdings in shares of Phillips Edison & Company, Inc. by 50.1% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,474,130 shares of the company’s stock valued at $55,589,000 after buying an additional 492,160 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of 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 during the last quarter. 80.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on PECO shares. 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. Mizuho lifted their price target on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, Wolfe Research raised Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price target for the company in a report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.50.

Phillips Edison & Company, Inc. Trading Up 1.4 %

Shares of NASDAQ:PECO opened at $36.30 on Friday. The stock has a market capitalization of $4.45 billion, a P/E ratio of 78.91, a P/E/G ratio of 3.18 and a beta of 0.59. Phillips Edison & Company, Inc. has a 1-year low of $30.62 and a 1-year high of $40.12. The business has a 50-day moving average price of $37.97 and a two-hundred day moving average price of $36.96.

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

Phillips Edison & Company, Inc. Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were given a dividend of $0.1025 per share. This is a positive change from Phillips Edison & Company, Inc.’s previous dividend of $0.10. This represents a dividend yield of 3.13%. The ex-dividend date of this dividend was Monday, December 16th. Phillips Edison & Company, Inc.’s payout ratio is presently 267.39%.

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.