Victory Capital Management Inc. Has $1.25 Million Stock Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Victory Capital Management Inc. trimmed its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 4.2% in the third quarter, Holdings Channel.com reports. The firm owned 33,209 shares of the company’s stock after selling 1,473 shares during the period. Victory Capital Management Inc.’s holdings in Phillips Edison & Company, Inc. were worth $1,252,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of Phillips Edison & Company, Inc. during the 3rd quarter valued at about $28,000. 1620 Investment Advisors Inc. acquired a new position in shares of Phillips Edison & Company, Inc. in the second quarter valued at approximately $26,000. Hobbs Group Advisors LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the second quarter worth $39,000. PFG Private Wealth Management LLC acquired a new stake in shares of Phillips Edison & Company, Inc. during the second quarter worth $62,000. Finally, Blue Trust Inc. lifted its position in 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 acquiring an additional 1,290 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Trading Up 0.2 %

Shares of NASDAQ:PECO opened at $39.43 on Wednesday. The stock has a market cap of $4.83 billion, a PE ratio of 85.72, a price-to-earnings-growth ratio of 3.61 and a beta of 0.57. The stock’s fifty day simple moving average is $37.80 and its two-hundred day simple moving average is $35.31. Phillips Edison & Company, Inc. has a 1-year low of $30.62 and a 1-year high of $39.98.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted 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 business had revenue of $165.50 million during 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 for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 EPS. On average, sell-side analysts forecast that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm 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 dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a yield of 3.12%. The ex-dividend date is Tuesday, February 18th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 267.39%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PECO shares. Wolfe Research raised shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price target for the company in a research note on Wednesday, November 13th. Mizuho raised their target price 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 raised shares of Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $34.00 to $37.00 in a research report on Wednesday, August 28th. Finally, Compass Point raised their price objective 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Phillips Edison & Company, Inc. currently has a consensus rating of “Hold” and an average price target of $38.43.

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.