Centiva Capital LP Buys Shares of 8,442 Phillips Edison & Company, Inc. (NASDAQ:PECO)

Centiva Capital LP bought a new stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,442 shares of the company’s stock, valued at approximately $318,000.

Several other hedge funds have also recently made changes to their positions in the company. Beck Capital Management LLC bought a new stake in shares of Phillips Edison & Company, Inc. in the third quarter valued at $406,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Phillips Edison & Company, Inc. in the third quarter valued at $241,000. Point72 Hong Kong Ltd purchased a new position in shares of Phillips Edison & Company, Inc. in the third quarter valued at $192,000. Plotkin Financial Advisors LLC purchased a new position in shares of Phillips Edison & Company, Inc. in the third quarter valued at $275,000. Finally, Verition Fund Management LLC grew its position in shares of Phillips Edison & Company, Inc. by 191.3% in the third quarter. Verition Fund Management LLC now owns 22,802 shares of the company’s stock valued at $860,000 after purchasing an additional 14,975 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.

Phillips Edison & Company, Inc. Stock Down 0.5 %

Phillips Edison & Company, Inc. stock opened at $39.02 on Wednesday. Phillips Edison & Company, Inc. has a 52 week low of $30.62 and a 52 week high of $40.12. The business has a 50-day simple moving average of $38.08 and a 200 day simple moving average of $35.86. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 84.83, a PEG ratio of 3.61 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.09 earnings per share (EPS) 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 firm had revenue of $165.50 million during the quarter, compared to analysts’ expectations of $157.20 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. Phillips Edison & Company, Inc.’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, research analysts anticipate that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PECO shares. Compass Point lifted their price target on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Wolfe Research upgraded 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 research report on Wednesday, November 13th. 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 research report on Tuesday. Finally, Wells Fargo & Company upgraded Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $34.00 to $37.00 in a research report on Wednesday, August 28th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. currently has a consensus rating of “Hold” and an average target price of $39.14.

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.