XTX Topco Ltd Buys Shares of 5,711 Phillips Edison & Company, Inc. (NASDAQ:PECO)

XTX Topco Ltd purchased a new position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,711 shares of the company’s stock, valued at approximately $215,000.

Several other institutional investors and hedge funds have also modified their holdings of PECO. V Square Quantitative Management LLC bought a new position in Phillips Edison & Company, Inc. in the third quarter valued at about $28,000. 1620 Investment Advisors Inc. bought a new stake in shares of Phillips Edison & Company, Inc. during the 2nd quarter valued at approximately $26,000. Blue Trust Inc. increased its position in Phillips Edison & Company, Inc. by 160.2% during the 2nd quarter. Blue Trust Inc. now owns 2,095 shares of the company’s stock worth $75,000 after purchasing an additional 1,290 shares in the last quarter. International Assets Investment Management LLC bought a new position in Phillips Edison & Company, Inc. in the 2nd quarter valued at approximately $107,000. Finally, GAMMA Investing LLC boosted its position in Phillips Edison & Company, Inc. by 31.8% in the third quarter. GAMMA Investing LLC now owns 3,330 shares of the company’s stock valued at $126,000 after buying an additional 803 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PECO shares. Compass Point upped their price target 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. Mizuho upped their target price on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Wells Fargo & Company upgraded Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $34.00 to $37.00 in a research report on Wednesday, August 28th. Finally, Wolfe Research upgraded Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price target on the stock in a report on Wednesday, November 13th. Three equities research 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Phillips Edison & Company, Inc. Trading Down 1.7 %

NASDAQ PECO opened at $37.55 on Friday. The firm has a market capitalization of $4.60 billion, a PE ratio of 81.63, a price-to-earnings-growth ratio of 3.60 and a beta of 0.57. The business’s 50-day moving average price is $38.42 and its two-hundred day moving average price is $36.16. 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 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). 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 during the quarter, compared to analyst estimates of $157.20 million. During the same period in the prior year, the firm earned $0.58 earnings per share. Phillips Edison & Company, Inc.’s revenue was up 8.5% compared to the same quarter last year. As a group, analysts forecast that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.1025 per share. The ex-dividend date is Monday, December 16th. This is a boost from Phillips Edison & Company, Inc.’s previous dividend of $0.10. This represents a dividend yield of 3.13%. Phillips Edison & Company, Inc.’s dividend payout ratio is 267.39%.

Phillips Edison & Company, Inc. Company 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.