Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lessened its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 5.8% during the 3rd quarter, Holdings Channel reports. The firm owned 162,865 shares of the company’s stock after selling 10,038 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Phillips Edison & Company, Inc. were worth $6,142,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 1620 Investment Advisors Inc. purchased a new stake in shares of Phillips Edison & Company, Inc. during the second quarter worth $26,000. V Square Quantitative Management LLC acquired a new stake in Phillips Edison & Company, Inc. in the third quarter valued at $28,000. Hobbs Group Advisors LLC purchased a new stake in Phillips Edison & Company, Inc. during the 2nd quarter worth about $39,000. PFG Private Wealth Management LLC acquired a new position in shares of Phillips Edison & Company, Inc. during the 2nd quarter worth about $62,000. Finally, Blue Trust Inc. increased its holdings in shares of Phillips Edison & Company, Inc. by 160.2% in the 2nd quarter. Blue Trust Inc. now owns 2,095 shares of the company’s stock valued at $75,000 after acquiring an additional 1,290 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

PECO has been the topic of a number of research analyst reports. Compass Point raised their price objective on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Wells Fargo & Company raised Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $34.00 to $37.00 in a report on Wednesday, August 28th. Finally, Mizuho raised their price target on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $37.50.

Phillips Edison & Company, Inc. Stock Down 1.0 %

Shares of Phillips Edison & Company, Inc. stock opened at $39.03 on Wednesday. The company’s 50-day simple moving average is $37.56 and its 200-day simple moving average is $34.92. Phillips Edison & Company, Inc. has a 52-week low of $30.62 and a 52-week high of $39.83. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 84.85, a price-to-earnings-growth ratio of 3.62 and a beta of 0.57.

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

Phillips Edison & Company, Inc. Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a $0.1025 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.23 dividend on an annualized basis and a yield of 3.15%. Phillips Edison & Company, Inc.’s payout ratio is 267.39%.

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.