Allworth Financial LP Has $58,000 Stock Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Allworth Financial LP grew its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 94.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,621 shares of the company’s stock after acquiring an additional 788 shares during the period. Allworth Financial LP’s holdings in Phillips Edison & Company, Inc. were worth $58,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Legacy Investment Solutions LLC bought a new position in Phillips Edison & Company, Inc. during the 3rd quarter worth $36,000. Blue Trust Inc. increased its stake in shares of Phillips Edison & Company, Inc. by 15.5% in the third quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock valued at $91,000 after buying an additional 325 shares during the period. KBC Group NV raised its position in shares of Phillips Edison & Company, Inc. by 21.9% during the third quarter. KBC Group NV now owns 3,902 shares of the company’s stock worth $147,000 after acquiring an additional 700 shares during the last quarter. Eukles Asset Management bought a new position in shares of Phillips Edison & Company, Inc. during the fourth quarter worth about $156,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Phillips Edison & Company, Inc. by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,751 shares of the company’s stock valued at $177,000 after acquiring an additional 1,230 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Up 0.7 %

NASDAQ:PECO opened at $35.48 on Tuesday. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $40.12. The company has a fifty day moving average of $36.75 and a 200-day moving average of $37.34. The firm has a market capitalization of $4.44 billion, a P/E ratio of 70.96, a P/E/G ratio of 1.70 and a beta of 0.58.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.12 by $0.50. Phillips Edison & Company, Inc. had a return on equity of 2.40% and a net margin of 9.48%. On average, analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be given a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Monday, March 17th. Phillips Edison & Company, Inc.’s payout ratio is 246.00%.

Wall Street Analyst Weigh In

Several research firms have issued reports on PECO. JPMorgan Chase & Co. lowered their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Mizuho lifted their target price on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Wolfe Research raised shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price target on the stock in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company decreased their price target on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Three equities 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.50.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Co, Inc is a real estate investment trust, which engages in the ownership and operation of shopping centers. It also offers an investment management business providing property management and advisory services. Its portfolio consists of well-occupied, grocery-anchored neighborhood and community shopping centers having a mix of national, regional, and local retailers offering necessity-based goods and services.