Blair William & Co. IL Reduces Stock Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Blair William & Co. IL trimmed its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 15.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,379 shares of the company’s stock after selling 1,000 shares during the quarter. Blair William & Co. IL’s holdings in Phillips Edison & Company, Inc. were worth $201,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Arizona State Retirement System lifted its holdings in Phillips Edison & Company, Inc. by 0.8% during the 4th quarter. Arizona State Retirement System now owns 35,534 shares of the company’s stock valued at $1,331,000 after buying an additional 290 shares in the last quarter. M&T Bank Corp increased its position in shares of Phillips Edison & Company, Inc. by 2.9% during the third quarter. M&T Bank Corp now owns 10,883 shares of the company’s stock worth $410,000 after acquiring an additional 307 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Phillips Edison & Company, Inc. by 0.3% during the fourth quarter. State of Alaska Department of Revenue now owns 128,465 shares of the company’s stock valued at $4,811,000 after acquiring an additional 344 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Phillips Edison & Company, Inc. by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 20,185 shares of the company’s stock valued at $756,000 after purchasing an additional 510 shares during the period. Finally, KBC Group NV grew its stake in Phillips Edison & Company, Inc. by 13.4% in the fourth quarter. KBC Group NV now owns 4,424 shares of the company’s stock worth $166,000 after purchasing an additional 522 shares in the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Price Performance

PECO opened at $34.98 on Friday. The firm has a market capitalization of $4.38 billion, a PE ratio of 69.96, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57. The business’s 50-day moving average is $36.12 and its two-hundred day moving average is $37.19. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.50. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. As a group, sell-side analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders 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 dividend yield of 3.52%. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 246.00%.

Wall Street Analysts Forecast Growth

PECO has been the subject of several research reports. Wells Fargo & Company lowered their target price on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. JPMorgan Chase & Co. dropped their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Finally, Mizuho cut 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 report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Phillips Edison & Company, Inc. presently has an average rating of “Moderate Buy” and an average target price of $38.83.

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.