19,548 Shares in Phillips Edison & Company, Inc. (NASDAQ:PECO) Bought by Caxton Associates LP

Caxton Associates LP acquired a new position in Phillips Edison & Company, Inc. (NASDAQ:PECO) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 19,548 shares of the company’s stock, valued at approximately $639,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Phillips Edison & Company, Inc. by 3.1% in the first quarter. Vanguard Group Inc. now owns 19,337,030 shares of the company’s stock worth $693,619,000 after buying an additional 577,445 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Phillips Edison & Company, Inc. by 16.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,250,731 shares of the company’s stock worth $40,911,000 after buying an additional 179,775 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Phillips Edison & Company, Inc. by 240.9% in the first quarter. Cetera Investment Advisers now owns 1,170,077 shares of the company’s stock worth $41,971,000 after buying an additional 826,891 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Phillips Edison & Company, Inc. by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 1,106,277 shares of the company’s stock worth $36,186,000 after buying an additional 27,611 shares in the last quarter. Finally, Cetera Advisors LLC raised its position in shares of Phillips Edison & Company, Inc. by 60.4% in the first quarter. Cetera Advisors LLC now owns 791,147 shares of the company’s stock worth $28,378,000 after buying an additional 297,945 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on PECO shares. Compass Point increased their target price on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Mizuho increased their target price on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Finally, Wells Fargo & Company raised 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 note on Wednesday, August 28th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $37.50.

Phillips Edison & Company, Inc. Trading Down 2.0 %

Shares of NASDAQ:PECO opened at $37.37 on Friday. The stock’s 50-day moving average price is $36.23 and its 200-day moving average price is $34.23. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $39.08. The stock has a market capitalization of $4.57 billion, a P/E ratio of 81.24, a price-to-earnings-growth ratio of 3.65 and a beta of 0.57.

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

Phillips Edison & Company, Inc. Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.1025 per share. This is a boost from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Tuesday, October 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 267.39%.

About Phillips Edison & Company, Inc.

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.