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

RMR Wealth Builders reduced its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 19.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PECO. V Square Quantitative Management LLC acquired a new position in shares of Phillips Edison & Company, Inc. during the third quarter valued at $28,000. Legacy Investment Solutions LLC bought a new position in Phillips Edison & Company, Inc. in the 3rd quarter valued at about $36,000. Blue Trust Inc. increased its stake in Phillips Edison & Company, Inc. by 15.5% during the 3rd quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock valued at $91,000 after buying an additional 325 shares during the period. GAMMA Investing LLC raised its position in shares of Phillips Edison & Company, Inc. by 31.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,330 shares of the company’s stock worth $126,000 after buying an additional 803 shares in the last quarter. Finally, Tsfg LLC acquired a new stake in shares of Phillips Edison & Company, Inc. in the 3rd quarter worth approximately $127,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PECO has been the subject of a number of research analyst reports. Wolfe Research upgraded Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 target price for the company in a research report on Wednesday, November 13th. JPMorgan Chase & Co. cut their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Mizuho lifted their target price on 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.50.

Phillips Edison & Company, Inc. Stock Down 2.8 %

Shares of NASDAQ PECO traded down $1.04 during mid-day trading on Friday, hitting $35.56. 825,340 shares of the company traded hands, compared to its average volume of 648,172. The business has a 50 day moving average of $38.55 and a two-hundred 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 PEG ratio of 3.60 and a beta of 0.59. 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 announced its earnings results on Thursday, October 24th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.52). The firm had revenue of $165.50 million during the quarter, compared to analyst estimates of $157.20 million. Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 earnings per share. As a group, research analysts anticipate that Phillips Edison & Company, Inc. will post 2.42 EPS for the current year.

Phillips Edison & Company, Inc. Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were paid a $0.1025 dividend. This is an increase from Phillips Edison & Company, Inc.’s previous dividend of $0.10. This represents a yield of 3.13%. The ex-dividend date was Monday, December 16th. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 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.