Ameritas Advisory Services LLC Has $4.13 Million Stock Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Ameritas Advisory Services LLC lowered its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 7.5% during the third quarter, HoldingsChannel.com reports. The firm owned 109,568 shares of the company’s stock after selling 8,830 shares during the period. Ameritas Advisory Services LLC’s holdings in Phillips Edison & Company, Inc. were worth $4,132,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. 1620 Investment Advisors Inc. bought a new stake in shares of Phillips Edison & Company, Inc. in the 2nd quarter valued at $26,000. V Square Quantitative Management LLC bought a new stake in shares of Phillips Edison & Company, Inc. in the 3rd quarter valued at $28,000. Hobbs Group Advisors LLC bought a new stake in shares of Phillips Edison & Company, Inc. in the 2nd quarter valued at $39,000. PFG Private Wealth Management LLC bought a new stake in shares of Phillips Edison & Company, Inc. in the 2nd quarter valued at $62,000. Finally, Blue Trust Inc. increased its position in shares of Phillips Edison & Company, Inc. by 160.2% in the 2nd quarter. Blue Trust Inc. now owns 2,095 shares of the company’s stock valued at $75,000 after buying an additional 1,290 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PECO. Wells Fargo & Company upgraded 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. Mizuho increased their target price on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Finally, Compass Point increased their target price on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.50.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ PECO opened at $38.70 on Wednesday. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 84.13, a PEG ratio of 3.47 and a beta of 0.57. The business has a 50-day moving average of $37.30 and a 200-day moving average of $34.67. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $39.08.

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

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a $0.1025 dividend. This represents a $1.23 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Tuesday, February 18th. Phillips Edison & Company, Inc.’s payout ratio is 267.39%.

Phillips Edison & Company, Inc. 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.