Cwm LLC Reduces Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Cwm LLC cut its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 10.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,290 shares of the company’s stock after selling 1,871 shares during the quarter. Cwm LLC’s holdings in Phillips Edison & Company, Inc. were worth $577,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in PECO. Vanguard Group Inc. raised its stake in 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 valued at $693,619,000 after purchasing an additional 577,445 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in 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 valued at $40,911,000 after acquiring an additional 179,775 shares in the last quarter. Cetera Investment Advisers boosted its holdings 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 valued at $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 2nd quarter. Bank of New York Mellon Corp now owns 1,106,277 shares of the company’s stock worth $36,186,000 after purchasing an additional 27,611 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. purchased a new position in Phillips Edison & Company, Inc. in the 2nd quarter worth about $32,120,000. 80.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Mizuho boosted their price objective 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. Compass Point increased their price target 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 upgraded Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $34.00 to $37.00 in a research note on Wednesday, August 28th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $37.50.

Phillips Edison & Company, Inc. Trading Up 0.6 %

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

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings results 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 return on equity of 2.23% and a net margin of 9.32%. The firm had revenue of $161.52 million for the quarter, compared to the consensus estimate of $156.29 million. During the same period in the previous year, the company posted $0.59 EPS. Phillips Edison & Company, Inc.’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts predict that Phillips Edison & Company, Inc. will post 2.42 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. Investors of record on Tuesday, October 15th will be given a dividend of $0.1025 per share. The ex-dividend date is Tuesday, October 15th. This represents a $1.23 dividend on an annualized basis and a yield of 3.29%. This is an increase from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 267.39%.

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.