Private Advisor Group LLC Buys 487 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Private Advisor Group LLC increased its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECOFree Report) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,009 shares of the company’s stock after buying an additional 487 shares during the quarter. Private Advisor Group LLC’s holdings in Phillips Edison & Company, Inc. were worth $302,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of PECO. 1620 Investment Advisors Inc. bought a new stake in Phillips Edison & Company, Inc. during the second quarter worth $26,000. V Square Quantitative Management LLC bought a new position in Phillips Edison & Company, Inc. in the 3rd quarter valued at $28,000. Hobbs Group Advisors LLC bought a new position in Phillips Edison & Company, Inc. in the 2nd quarter valued at $39,000. PFG Private Wealth Management LLC bought a new position in Phillips Edison & Company, Inc. in the 2nd quarter valued at $62,000. Finally, Blue Trust Inc. grew its stake in Phillips Edison & Company, Inc. by 160.2% in the 2nd quarter. Blue Trust Inc. now owns 2,095 shares of the company’s stock valued at $75,000 after purchasing an additional 1,290 shares during the period. Institutional investors own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Mizuho increased their price target on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Wells Fargo & Company upgraded Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $34.00 to $37.00 in a research note on Wednesday, August 28th. Finally, Compass Point increased their price target on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Phillips Edison & Company, Inc. has an average rating of “Hold” and a consensus price target of $37.50.

Read Our Latest Stock Report on Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO opened at $39.08 on Thursday. The stock’s 50-day simple moving average is $37.34 and its 200 day simple moving average is $34.71. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 84.48, a price-to-earnings-growth ratio of 3.50 and a beta of 0.57. Phillips Edison & Company, Inc. has a 52-week low of $30.62 and a 52-week high of $39.58.

Phillips Edison & Company, Inc. (NASDAQ:PECOGet Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.52). The business had revenue of $165.50 million during the quarter, compared to analysts’ expectations of $157.20 million. Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 EPS. On average, research analysts forecast that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a dividend of $0.1025 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.23 annualized dividend and a yield of 3.15%. Phillips Edison & Company, Inc.’s payout ratio is 267.39%.

Phillips Edison & Company, Inc. Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Phillips Edison & Company, Inc. (NASDAQ:PECO)

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