Jacobs Levy Equity Management Inc. Raises Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Jacobs Levy Equity Management Inc. boosted its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 578.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 139,146 shares of the company’s stock after purchasing an additional 118,640 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.11% of Phillips Edison & Company, Inc. worth $5,247,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new stake in shares of Phillips Edison & Company, Inc. in the 3rd quarter valued at about $28,000. 1620 Investment Advisors Inc. bought a new stake in Phillips Edison & Company, Inc. in the second quarter valued at approximately $26,000. Hobbs Group Advisors LLC purchased a new stake in shares of Phillips Edison & Company, Inc. during the second quarter valued at approximately $39,000. PFG Private Wealth Management LLC bought a new position in shares of Phillips Edison & Company, Inc. in the second quarter worth approximately $62,000. Finally, Blue Trust Inc. increased its stake in shares of Phillips Edison & Company, Inc. by 160.2% in the second quarter. Blue Trust Inc. now owns 2,095 shares of the company’s stock worth $75,000 after buying an additional 1,290 shares during the period. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on PECO shares. Mizuho increased their price target on shares of Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Wells Fargo & Company upgraded shares of Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $34.00 to $37.00 in a report on Wednesday, August 28th. Compass Point boosted their price target on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Finally, Wolfe Research upgraded Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Phillips Edison & Company, Inc. currently has a consensus rating of “Hold” and a consensus target price of $38.43.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ PECO opened at $39.27 on Friday. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12. The stock has a market capitalization of $4.81 billion, a P/E ratio of 85.50, a P/E/G ratio of 3.59 and a beta of 0.57. The company’s 50-day moving average is $37.98 and its 200 day moving average is $35.65.

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

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a $0.1025 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.23 dividend on an annualized basis and a yield of 3.13%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 267.39%.

About Phillips Edison & Company, Inc.

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.