12,309 Shares in Phillips Edison & Company, Inc. (NASDAQ:PECO) Bought by Algert Global LLC

Algert Global LLC bought a new position in Phillips Edison & Company, Inc. (NASDAQ:PECO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,309 shares of the company’s stock, valued at approximately $403,000.

A number of other large investors have also recently added to or reduced their stakes in the company. GRS Advisors LLC bought a new stake in shares of Phillips Edison & Company, Inc. in the fourth quarter valued at about $26,042,000. Coppell Advisory Solutions Corp. acquired a new position in Phillips Edison & Company, Inc. during the 1st quarter worth approximately $607,000. Harbor Capital Advisors Inc. boosted its position in Phillips Edison & Company, Inc. by 67.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 77,686 shares of the company’s stock worth $2,541,000 after acquiring an additional 31,189 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Phillips Edison & Company, Inc. by 240.9% during the 1st quarter. Cetera Investment Advisers now owns 1,170,077 shares of the company’s stock worth $41,971,000 after acquiring an additional 826,891 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Phillips Edison & Company, Inc. by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 18,759,585 shares of the company’s stock valued at $684,350,000 after purchasing an additional 266,832 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PECO shares. Mizuho increased their target price on shares of Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. 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 report on Tuesday, September 10th. Finally, Wells Fargo & Company upgraded Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $34.00 to $37.00 in a report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $37.50.

Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ:PECO opened at $36.20 on Tuesday. Phillips Edison & Company, Inc. has a 52-week low of $30.62 and a 52-week high of $39.08. The company has a market capitalization of $4.43 billion, a P/E ratio of 78.70, a price-to-earnings-growth ratio of 3.47 and a beta of 0.57. The company has a 50-day simple moving average of $36.54 and a 200 day simple moving average of $34.28.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.48). The business had revenue of $161.52 million during the quarter, compared to analyst estimates of $156.29 million. Phillips Edison & Company, Inc. had a net margin of 9.32% and a return on equity of 2.23%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 earnings per share. As a group, equities analysts forecast that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current year.

Phillips Edison & Company, Inc. Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a $0.1025 dividend. The ex-dividend date is Tuesday, October 15th. This is a positive change from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. This represents a $1.23 annualized dividend and a dividend yield of 3.40%. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 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.