Natixis Advisors LLC Buys 10,865 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Natixis Advisors LLC lifted its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 24.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,647 shares of the company’s stock after purchasing an additional 10,865 shares during the quarter. Natixis Advisors LLC’s holdings in Phillips Edison & Company, Inc. were worth $2,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in Phillips Edison & Company, Inc. during the 3rd quarter valued at $36,000. Allworth Financial LP boosted its position in shares of Phillips Edison & Company, Inc. by 94.6% during the fourth quarter. Allworth Financial LP now owns 1,621 shares of the company’s stock valued at $58,000 after buying an additional 788 shares during the last quarter. Blue Trust Inc. raised its position in Phillips Edison & Company, Inc. by 24.9% in the 4th quarter. Blue Trust Inc. now owns 3,023 shares of the company’s stock worth $113,000 after buying an additional 603 shares during the last quarter. Eukles Asset Management bought a new position in Phillips Edison & Company, Inc. during the 4th quarter valued at about $156,000. Finally, KBC Group NV boosted its holdings in shares of Phillips Edison & Company, Inc. by 13.4% during the 4th quarter. KBC Group NV now owns 4,424 shares of the company’s stock valued at $166,000 after acquiring an additional 522 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on PECO. Mizuho decreased their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price target on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Finally, Wells Fargo & Company dropped their price target on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Phillips Edison & Company, Inc. Trading Up 2.4 %

PECO opened at $35.77 on Tuesday. The firm’s 50 day simple moving average is $36.09 and its two-hundred day simple moving average is $37.30. The company has a market capitalization of $4.48 billion, a PE ratio of 71.54, 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 earnings results on Thursday, February 6th. The company reported $0.62 earnings per share 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%. Equities analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a $0.1025 dividend. This represents a $1.23 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Tuesday, April 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is 246.00%.

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.