Northwestern Mutual Wealth Management Co. Has $104,000 Stake in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Northwestern Mutual Wealth Management Co. lowered its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 46.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,176 shares of the company’s stock after selling 2,745 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Phillips Edison & Company, Inc. were worth $104,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PECO. Centaurus Financial Inc. boosted its position in Phillips Edison & Company, Inc. by 1.1% during the fourth quarter. Centaurus Financial Inc. now owns 126,727 shares of the company’s stock worth $4,623,000 after purchasing an additional 1,380 shares during the period. Pineridge Advisors LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the 4th quarter worth $109,000. Creekmur Asset Management LLC acquired a new position in Phillips Edison & Company, Inc. in the 4th quarter valued at $32,000. SageView Advisory Group LLC bought a new position in Phillips Edison & Company, Inc. in the 4th quarter worth $242,000. Finally, ICA Group Wealth Management LLC acquired a new position in Phillips Edison & Company, Inc. during the 4th quarter worth $189,000. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Up 0.8 %

Shares of PECO stock opened at $36.23 on Friday. The stock has a 50 day moving average of $36.64 and a two-hundred day moving average of $34.32. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $39.08. The company has a market capitalization of $4.43 billion, a P/E ratio of 78.76, a P/E/G ratio of 3.43 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results on Thursday, July 25th. The company reported $0.12 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 firm had revenue of $161.52 million during the quarter, compared to analyst estimates of $156.29 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Sell-side analysts predict that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.1025 per share. This is a positive change from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. This represents a $1.23 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Tuesday, October 15th. Phillips Edison & Company, Inc.’s payout ratio is 267.39%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PECO. Mizuho raised their price target on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. 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 report on Tuesday, September 10th. Finally, Wells Fargo & Company raised Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $34.00 to $37.00 in a research report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Phillips Edison & Company, Inc. presently has a consensus rating of “Hold” and an average price target of $37.50.

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.