Sequoia Financial Advisors LLC Invests $849,000 in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Sequoia Financial Advisors LLC purchased a new position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,652 shares of the company’s stock, valued at approximately $849,000.

Several other institutional investors also recently modified their holdings of the stock. Legacy Investment Solutions LLC acquired a new stake in Phillips Edison & Company, Inc. in the third quarter valued at $36,000. Allworth Financial LP increased its holdings in Phillips Edison & Company, Inc. by 94.6% in the fourth quarter. Allworth Financial LP now owns 1,621 shares of the company’s stock valued at $58,000 after purchasing an additional 788 shares during the period. Blue Trust Inc. increased its holdings in Phillips Edison & Company, Inc. by 24.9% in the fourth quarter. Blue Trust Inc. now owns 3,023 shares of the company’s stock valued at $113,000 after purchasing an additional 603 shares during the period. KBC Group NV increased its holdings in Phillips Edison & Company, Inc. by 21.9% in the third quarter. KBC Group NV now owns 3,902 shares of the company’s stock valued at $147,000 after purchasing an additional 700 shares during the period. Finally, Eukles Asset Management acquired a new stake in Phillips Edison & Company, Inc. in the fourth quarter valued at $156,000. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PECO. Mizuho decreased their price objective on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. Wells Fargo & Company cut their price target on shares of 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. Finally, JPMorgan Chase & Co. cut their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Phillips Edison & Company, Inc. Price Performance

PECO stock opened at $34.81 on Monday. The stock has a market capitalization of $4.36 billion, a PE ratio of 69.62, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57. The company’s 50-day moving average is $36.22 and its 200-day moving average is $37.38. 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 released 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%. On average, analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.1025 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a dividend yield of 3.53%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 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.