HighTower Advisors LLC Has $1.24 Million Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

HighTower Advisors LLC grew its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,009 shares of the company’s stock after acquiring an additional 1,598 shares during the period. HighTower Advisors LLC’s holdings in Phillips Edison & Company, Inc. were worth $1,236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of PECO. Legacy Investment Solutions LLC acquired a new stake in shares of Phillips Edison & Company, Inc. in the third quarter valued at approximately $36,000. Allworth Financial LP increased its stake in shares of Phillips Edison & Company, Inc. by 94.6% in the 4th 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 period. Blue Trust Inc. increased its stake in shares of Phillips Edison & Company, Inc. by 24.9% in the 4th quarter. Blue Trust Inc. now owns 3,023 shares of the company’s stock valued at $113,000 after buying an additional 603 shares during the period. Eukles Asset Management bought a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter worth $156,000. Finally, KBC Group NV lifted its stake in shares of Phillips Edison & Company, Inc. by 13.4% during the fourth 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 period. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Phillips Edison & Company, Inc. Stock Down 0.3 %

PECO opened at $35.65 on Wednesday. The stock has a market cap of $4.46 billion, a P/E ratio of 71.30, a P/E/G ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The company has a fifty day simple moving average of $36.09 and a 200 day simple moving average of $37.29.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping 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, equities research analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.1025 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.23 annualized dividend and a yield of 3.45%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 246.00%.

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.