US Bancorp DE Increases Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

US Bancorp DE grew its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 24.2% during the fourth quarter, HoldingsChannel reports. The fund owned 8,284 shares of the company’s stock after acquiring an additional 1,616 shares during the quarter. US Bancorp DE’s holdings in Phillips Edison & Company, Inc. were worth $310,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PECO. M&T Bank Corp grew its stake in Phillips Edison & Company, Inc. by 2.9% during the 3rd quarter. M&T Bank Corp now owns 10,883 shares of the company’s stock valued at $410,000 after purchasing an additional 307 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Phillips Edison & Company, Inc. by 0.3% in the 4th quarter. State of Alaska Department of Revenue now owns 128,465 shares of the company’s stock worth $4,811,000 after purchasing an additional 344 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of Phillips Edison & Company, Inc. by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 20,185 shares of the company’s stock valued at $756,000 after acquiring an additional 510 shares during the last quarter. KBC Group NV raised its holdings in shares of Phillips Edison & Company, Inc. by 13.4% during the fourth quarter. KBC Group NV now owns 4,424 shares of the company’s stock valued at $166,000 after acquiring an additional 522 shares during the last quarter. Finally, Atria Wealth Solutions Inc. raised its holdings in shares of Phillips Edison & Company, Inc. by 0.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 67,697 shares of the company’s stock valued at $2,536,000 after acquiring an additional 568 shares during the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Trading Down 1.4 %

PECO stock opened at $34.43 on Friday. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 68.86, a PEG ratio of 1.70 and a beta of 0.57. The firm has a 50 day moving average of $36.27 and a 200-day moving average of $37.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its earnings results on Thursday, February 6th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.12 by $0.50. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. Sell-side analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be given a dividend of $0.1025 per share. The ex-dividend date is Monday, March 17th. This represents a $1.23 dividend on an annualized basis and a yield of 3.57%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 246.00%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PECO. Wells Fargo & Company dropped their price target on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price target on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Finally, Mizuho reduced their price objective on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th. 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Phillips Edison & Company, Inc. Company Profile

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.