Natixis Advisors LLC Boosts Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Natixis Advisors LLC raised its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 132.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,782 shares of the company’s stock after buying an additional 24,963 shares during the period. Natixis Advisors LLC’s holdings in Phillips Edison & Company, Inc. were worth $1,651,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its position in Phillips Edison & Company, Inc. by 49.8% during the 1st quarter. Russell Investments Group Ltd. now owns 37,603 shares of the company’s stock worth $1,349,000 after purchasing an additional 12,493 shares during the period. American International Group Inc. grew its stake in shares of Phillips Edison & Company, Inc. by 1.1% in the first quarter. American International Group Inc. now owns 65,003 shares of the company’s stock valued at $2,332,000 after buying an additional 699 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Phillips Edison & Company, Inc. by 8.5% during 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 buying an additional 4,916 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Phillips Edison & Company, Inc. by 15,338.0% during the 1st quarter. Public Employees Retirement System of Ohio now owns 175,376 shares of the company’s stock valued at $6,291,000 after buying an additional 174,240 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its position in Phillips Edison & Company, Inc. by 4.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 18,081 shares of the company’s stock worth $608,000 after acquiring an additional 699 shares in the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Phillips Edison & Company, Inc. Price Performance

Shares of PECO opened at $39.34 on Tuesday. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $39.98. The business’s fifty day moving average price is $37.80 and its 200 day moving average price is $35.31. The stock has a market capitalization of $4.82 billion, a PE ratio of 85.52, a price-to-earnings-growth ratio of 3.61 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced 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 net margin of 9.03% and a return on equity of 2.22%. The business had revenue of $165.50 million for the quarter, compared to the consensus estimate of $157.20 million. During the same period in the prior year, the company earned $0.58 EPS. Phillips Edison & Company, Inc.’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, research analysts anticipate that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a $0.1025 dividend. This represents a $1.23 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Tuesday, February 18th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 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.