Beacon Capital Management LLC Has $541,000 Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Beacon Capital Management LLC reduced its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 5.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,453 shares of the company’s stock after selling 862 shares during the period. Beacon Capital Management LLC’s holdings in Phillips Edison & Company, Inc. were worth $541,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. M&T Bank Corp lifted its holdings in Phillips Edison & Company, Inc. by 2.9% in the third quarter. M&T Bank Corp now owns 10,883 shares of the company’s stock valued at $410,000 after buying an additional 307 shares during the period. Blue Trust Inc. raised its holdings 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 worth $91,000 after purchasing an additional 325 shares during the period. State of Alaska Department of Revenue raised its holdings in Phillips Edison & Company, Inc. by 0.3% in the fourth quarter. State of Alaska Department of Revenue now owns 128,465 shares of the company’s stock worth $4,811,000 after purchasing an additional 344 shares during the period. Private Advisor Group LLC raised its holdings in Phillips Edison & Company, Inc. by 6.5% in the third quarter. Private Advisor Group LLC now owns 8,009 shares of the company’s stock worth $302,000 after purchasing an additional 487 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in 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 worth $756,000 after purchasing an additional 510 shares during the period. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on PECO. Mizuho increased 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. Wells Fargo & Company cut their target price on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut 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, Wolfe Research raised shares of 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 research report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.50.

Phillips Edison & Company, Inc. Stock Down 1.8 %

Shares of PECO stock opened at $36.58 on Friday. The firm has a fifty day moving average of $37.16 and a 200-day moving average of $37.28. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 73.16, a P/E/G ratio of 1.76 and a beta of 0.58.

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 the consensus estimate 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%. On average, equities 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 announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be given a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Monday, March 17th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 246.00%.

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.