Mercer Global Advisors Inc. ADV Sells 5,638 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Mercer Global Advisors Inc. ADV cut its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 5.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,119 shares of the company’s stock after selling 5,638 shares during the quarter. Mercer Global Advisors Inc. ADV owned about 0.09% of Phillips Edison & Company, Inc. worth $3,471,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. 1620 Investment Advisors Inc. bought a new stake in Phillips Edison & Company, Inc. in the 2nd quarter valued at about $26,000. Creekmur Asset Management LLC bought a new stake in shares of Phillips Edison & Company, Inc. in the fourth quarter valued at approximately $32,000. Quadrant Capital Group LLC lifted its stake in shares of Phillips Edison & Company, Inc. by 197.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,190 shares of the company’s stock valued at $43,000 after buying an additional 790 shares in the last quarter. Hobbs Group Advisors LLC bought a new position in Phillips Edison & Company, Inc. in the 2nd quarter worth approximately $39,000. Finally, PFG Private Wealth Management LLC bought a new position in shares of Phillips Edison & Company, Inc. in the second quarter worth $62,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Price Performance

PECO stock opened at $38.37 on Monday. The firm has a 50 day simple moving average of $35.96 and a two-hundred day simple moving average of $34.16. The stock has a market cap of $4.70 billion, a PE ratio of 83.41, a P/E/G ratio of 3.69 and a beta of 0.57. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $39.08.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its earnings results on Thursday, July 25th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.48). Phillips Edison & Company, Inc. had a return on equity of 2.23% and a net margin of 9.32%. The company had revenue of $161.52 million during the quarter, compared to analysts’ expectations of $156.29 million. During the same quarter last year, the firm posted $0.59 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. On average, research analysts expect that Phillips Edison & Company, Inc. will post 2.41 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be given a $0.1025 dividend. This is an increase from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. The ex-dividend date is Tuesday, October 15th. This represents a $1.23 dividend on an annualized basis and a yield of 3.21%. Phillips Edison & Company, Inc.’s payout ratio is presently 267.40%.

Analysts Set New Price Targets

A number of analysts recently issued reports on PECO shares. Deutsche Bank Aktiengesellschaft decreased their price objective on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, May 29th. Wells Fargo & Company upgraded shares of 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 report on Wednesday, August 28th. Compass Point upped their target price 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. Finally, Mizuho raised their price target on shares of Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Phillips Edison & Company, Inc. currently has an average rating of “Hold” and a consensus price target of $37.50.

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.