Phillips Edison & Company, Inc. (NASDAQ:PECO) Stake Lowered by RMR Wealth Builders

RMR Wealth Builders trimmed its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 19.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 49,593 shares of the company’s stock after selling 11,660 shares during the quarter. RMR Wealth Builders’ holdings in Phillips Edison & Company, Inc. were worth $1,858,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PECO. V Square Quantitative Management LLC purchased a new stake in shares of Phillips Edison & Company, Inc. during the 3rd quarter worth about $28,000. Legacy Investment Solutions LLC bought a new position in Phillips Edison & Company, Inc. during the third quarter valued at approximately $36,000. Blue Trust Inc. lifted its stake in Phillips Edison & Company, Inc. by 15.5% in the third quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock valued at $91,000 after acquiring an additional 325 shares during the last quarter. GAMMA Investing LLC grew its position in Phillips Edison & Company, Inc. by 31.8% in the third quarter. GAMMA Investing LLC now owns 3,330 shares of the company’s stock worth $126,000 after acquiring an additional 803 shares in the last quarter. Finally, Tsfg LLC acquired a new position in shares of Phillips Edison & Company, Inc. during the 3rd quarter worth $127,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Down 2.8 %

NASDAQ:PECO traded down $1.04 during trading hours on Friday, hitting $35.56. 825,340 shares of the company traded hands, compared to its average volume of 648,172. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $40.12. The firm has a 50-day moving average of $38.55 and a 200 day moving average of $36.73. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 77.30, a P/E/G ratio of 3.60 and a beta of 0.59.

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

Phillips Edison & Company, Inc. Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were given a dividend of $0.1025 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a dividend yield of 3.13%. This is a boost from Phillips Edison & Company, Inc.’s previous dividend of $0.10. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 267.39%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PECO shares. 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 research report on Wednesday, November 13th. JPMorgan Chase & Co. reduced their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Mizuho lifted their target price 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.50.

Phillips Edison & Company, Inc. Company 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.