Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 28.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,419 shares of the company’s stock after selling 1,332 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Phillips Edison & Company, Inc. were worth $129,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Phillips Edison & Company, Inc. by 408.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 765,822 shares of the company’s stock worth $28,879,000 after purchasing an additional 615,076 shares during the period. Duff & Phelps Investment Management Co. raised its position in Phillips Edison & Company, Inc. by 50.1% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,474,130 shares of the company’s stock worth $55,589,000 after buying an additional 492,160 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Phillips Edison & Company, Inc. by 578.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 139,146 shares of the company’s stock worth $5,247,000 after acquiring an additional 118,640 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Phillips Edison & Company, Inc. by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,094,331 shares of the company’s stock worth $78,977,000 after acquiring an additional 102,519 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in shares of Phillips Edison & Company, Inc. by 3,092.8% in the third quarter. International Assets Investment Management LLC now owns 104,117 shares of the company’s stock valued at $3,926,000 after acquiring an additional 100,856 shares in the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Stock Performance

NASDAQ PECO opened at $37.24 on Friday. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 74.48, a PEG ratio of 1.76 and a beta of 0.58. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $40.12. The company’s 50 day moving average price is $37.21 and its 200 day moving average price is $37.25.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its earnings results on Thursday, February 6th. The company reported $0.62 EPS 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%. Sell-side analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a $0.1025 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.23 annualized dividend and a dividend yield of 3.30%. Phillips Edison & Company, Inc.’s payout ratio is 246.00%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Mizuho increased their price target on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Wells Fargo & Company dropped their target price on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. 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. Finally, JPMorgan Chase & Co. decreased their price target on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Phillips Edison & Company, Inc. presently has an average rating of “Moderate Buy” and a consensus price target 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.