Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Acquired by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC lifted its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 63.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,901 shares of the company’s stock after purchasing an additional 4,228 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Phillips Edison & Company, Inc. were worth $408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Foresight Group Ltd Liability Partnership acquired a new position in Phillips Edison & Company, Inc. in the 4th quarter valued at $1,322,000. Harbor Capital Advisors Inc. grew its holdings in shares of Phillips Edison & Company, Inc. by 0.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 72,465 shares of the company’s stock worth $2,715,000 after buying an additional 594 shares in the last quarter. Brass Tax Wealth Management Inc. acquired a new stake in shares of Phillips Edison & Company, Inc. in the third quarter valued at about $378,000. Synovus Financial Corp acquired a new stake in shares of Phillips Edison & Company, Inc. in the third quarter valued at about $376,000. Finally, Arete Wealth Advisors LLC lifted its stake in shares of Phillips Edison & Company, Inc. by 3.1% in the third quarter. Arete Wealth Advisors LLC now owns 28,392 shares of the company’s stock worth $1,064,000 after buying an additional 866 shares in the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Stock Down 0.4 %

Shares of NASDAQ:PECO opened at $35.79 on Tuesday. Phillips Edison & Company, Inc. has a 52 week low of $30.62 and a 52 week high of $40.12. The company has a 50-day moving average price of $38.13 and a 200 day moving average price of $36.95. The company has a market cap of $4.39 billion, a P/E ratio of 77.80, a PEG ratio of 2.94 and a beta of 0.59.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.52). The company had revenue of $165.50 million for the quarter, compared to analyst estimates of $157.20 million. Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. Phillips Edison & Company, Inc.’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 earnings per share. Analysts expect that Phillips Edison & Company, Inc. will post 2.43 EPS for the current year.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were given a $0.1025 dividend. This represents a dividend yield of 3.13%. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Phillips Edison & Company, Inc.’s previous dividend of $0.10. Phillips Edison & Company, Inc.’s payout ratio is currently 267.39%.

Analysts Set New Price Targets

Several research firms recently commented on PECO. Wolfe Research raised Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price target for the company in a report on Wednesday, November 13th. JPMorgan Chase & Co. cut their target price on 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. Finally, Mizuho boosted their price target on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $39.50.

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.