Point72 Hong Kong Ltd Purchases New Shares in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Point72 Hong Kong Ltd acquired a new position in Phillips Edison & Company, Inc. (NASDAQ:PECO) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,097 shares of the company’s stock, valued at approximately $192,000.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in shares of Phillips Edison & Company, Inc. by 15.5% during the 3rd quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock worth $91,000 after purchasing an additional 325 shares in the last quarter. Xponance Inc. raised its position in shares of Phillips Edison & Company, Inc. by 6.3% in the 2nd quarter. Xponance Inc. now owns 7,789 shares of the company’s stock valued at $255,000 after buying an additional 465 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Phillips Edison & Company, Inc. by 6.5% in the 3rd quarter. Private Advisor Group LLC now owns 8,009 shares of the company’s stock valued at $302,000 after buying an additional 487 shares in the last quarter. Calton & Associates Inc. lifted its holdings in shares of Phillips Edison & Company, Inc. by 1.8% during the 3rd quarter. Calton & Associates Inc. now owns 37,233 shares of the company’s stock worth $1,404,000 after acquiring an additional 641 shares during the period. Finally, KBC Group NV boosted its position in shares of Phillips Edison & Company, Inc. by 21.9% during the 3rd quarter. KBC Group NV now owns 3,902 shares of the company’s stock worth $147,000 after acquiring an additional 700 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PECO. Mizuho raised their target price on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Wells Fargo & Company raised Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $34.00 to $37.00 in a research note on Wednesday, August 28th. Compass Point boosted their target price on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Finally, Wolfe Research raised shares of 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 report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $38.43.

Phillips Edison & Company, Inc. Trading Down 0.6 %

Shares of PECO stock opened at $39.28 on Tuesday. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of 85.39, a PEG ratio of 3.63 and a beta of 0.57. The business’s 50-day moving average price is $37.89 and its 200-day moving average price is $35.50. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12.

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 business 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 earned $0.58 earnings per share. The company’s revenue was up 8.5% compared to the same quarter last year. On average, sell-side analysts predict that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently disclosed 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 is Tuesday, February 18th. This represents a $1.23 dividend on an annualized basis and a yield of 3.13%. Phillips Edison & Company, Inc.’s payout ratio is 267.39%.

Phillips Edison & Company, Inc. Profile

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.