23,266 Shares in Phillips Edison & Company, Inc. (NASDAQ:PECO) Bought by Intech Investment Management LLC

Intech Investment Management LLC acquired a new stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) in the third quarter, Holdings Channel reports. The institutional investor acquired 23,266 shares of the company’s stock, valued at approximately $877,000.

A number of other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Phillips Edison & Company, Inc. by 8.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 62,874 shares of the company’s stock valued at $2,256,000 after purchasing an additional 4,916 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of Phillips Edison & Company, Inc. by 4.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 18,081 shares of the company’s stock valued at $608,000 after buying an additional 699 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Phillips Edison & Company, Inc. by 240.9% during the 1st 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 during the period. Marcum Wealth LLC lifted its position in shares of Phillips Edison & Company, Inc. by 14.4% during the 2nd quarter. Marcum Wealth LLC now owns 14,346 shares of the company’s stock valued at $469,000 after buying an additional 1,802 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in Phillips Edison & Company, Inc. by 67.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 77,686 shares of the company’s stock valued at $2,541,000 after acquiring an additional 31,189 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Price Performance

Shares of Phillips Edison & Company, Inc. stock opened at $39.80 on Friday. The stock’s 50 day simple moving average is $37.84 and its 200-day simple moving average is $35.39. The stock has a market cap of $4.88 billion, a P/E ratio of 86.52, a P/E/G ratio of 3.61 and a beta of 0.57. Phillips Edison & Company, Inc. has a 1-year low of $30.62 and a 1-year high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.09 earnings per share 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 for the quarter, compared to analyst estimates of $157.20 million. During the same period last year, the firm posted $0.58 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, research analysts expect that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Tuesday, February 18th. Phillips Edison & Company, Inc.’s payout ratio is currently 267.39%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wolfe Research upgraded shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a research report on Wednesday, November 13th. Wells Fargo & Company raised shares of Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $34.00 to $37.00 in a research note on Wednesday, August 28th. Mizuho boosted their price objective on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Finally, Compass Point raised their target price 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. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.43.

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.