19,675 Shares in Phillips Edison & Company, Inc. (NASDAQ:PECO) Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC bought a new position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 19,675 shares of the company’s stock, valued at approximately $742,000.

Other large investors have also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. purchased a new stake in Phillips Edison & Company, Inc. during the 2nd quarter worth approximately $26,000. Hobbs Group Advisors LLC purchased a new stake in shares of Phillips Edison & Company, Inc. in the 2nd quarter valued at approximately $39,000. PFG Private Wealth Management LLC purchased a new stake in shares of Phillips Edison & Company, Inc. in the 2nd quarter valued at approximately $62,000. Blue Trust Inc. increased its position in shares of Phillips Edison & Company, Inc. by 160.2% in the 2nd quarter. Blue Trust Inc. now owns 2,095 shares of the company’s stock valued at $75,000 after purchasing an additional 1,290 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV purchased a new stake in shares of Phillips Edison & Company, Inc. in the 1st quarter valued at approximately $76,000. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Price Performance

NASDAQ PECO opened at $37.33 on Friday. The firm’s fifty day moving average price is $36.89 and its 200 day moving average price is $34.37. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 81.15, a price-to-earnings-growth ratio of 3.45 and a beta of 0.57. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $39.08.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $161.52 million for the quarter, compared to analyst estimates of $156.29 million. During the same quarter in the prior year, the company earned $0.59 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, sell-side analysts forecast that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current year.

Phillips Edison & Company, Inc. Increases Dividend

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

Wall Street Analyst Weigh In

PECO has been the topic of a number of recent analyst reports. Wells Fargo & Company raised shares of 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. Compass Point increased their price objective on shares of 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. Finally, Mizuho increased their target price on shares of 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. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $37.50.

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.