Proficio Capital Partners LLC Buys Shares of 12,025 Phillips Edison & Company, Inc. (NASDAQ:PECO)

Proficio Capital Partners LLC bought a new stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,025 shares of the company’s stock, valued at approximately $450,000.

Several other institutional investors also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Phillips Edison & Company, Inc. by 408.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 765,822 shares of the company’s stock worth $28,879,000 after purchasing an additional 615,076 shares during the period. Duff & Phelps Investment Management Co. increased its stake in shares of Phillips Edison & Company, Inc. by 50.1% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,474,130 shares of the company’s stock worth $55,589,000 after purchasing an additional 492,160 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of Phillips Edison & Company, Inc. by 578.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 139,146 shares of the company’s stock worth $5,247,000 after purchasing an additional 118,640 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Phillips Edison & Company, Inc. by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,094,331 shares of the company’s stock worth $78,977,000 after purchasing an additional 102,519 shares during the period. Finally, Barclays PLC increased its stake in shares of Phillips Edison & Company, Inc. by 49.2% in the third quarter. Barclays PLC now owns 279,432 shares of the company’s stock worth $10,538,000 after purchasing an additional 92,129 shares during the period. 80.70% of the stock is currently owned by institutional investors.

Phillips Edison & Company, Inc. Trading Down 1.2 %

NASDAQ PECO opened at $35.51 on Tuesday. The stock’s 50 day moving average is $36.42 and its two-hundred day moving average is $37.43. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 71.02, a PEG ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a 1-year low of $30.62 and a 1-year high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates 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 predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Monday, March 17th. Phillips Edison & Company, Inc.’s payout ratio is 246.00%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PECO. JPMorgan Chase & Co. decreased their target price on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Mizuho decreased their target price on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. Wells Fargo & Company decreased their target price on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Finally, Wolfe Research raised Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Phillips Edison & Company, Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

About Phillips Edison & Company, Inc.

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.