Charles Schwab Investment Management Inc. Has $78.98 Million Stock Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Charles Schwab Investment Management Inc. raised its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 5.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,094,331 shares of the company’s stock after buying an additional 102,519 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.71% of Phillips Edison & Company, Inc. worth $78,977,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its position in Phillips Edison & Company, Inc. by 5.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,108,716 shares of the company’s stock worth $41,810,000 after acquiring an additional 56,897 shares during the period. Intech Investment Management LLC bought a new position in shares of Phillips Edison & Company, Inc. during the 3rd quarter worth about $877,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Phillips Edison & Company, Inc. during the third quarter valued at about $468,000. Cassady Schiller Wealth Management LLC bought a new stake in shares of Phillips Edison & Company, Inc. in the third quarter valued at about $546,000. Finally, Natixis Advisors LLC lifted its stake in shares of Phillips Edison & Company, Inc. by 132.6% in the third quarter. Natixis Advisors LLC now owns 43,782 shares of the company’s stock valued at $1,651,000 after buying an additional 24,963 shares during the period. 80.70% of the stock is owned by institutional investors.

Phillips Edison & Company, Inc. Stock Performance

PECO opened at $39.80 on Thursday. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 86.67, a PEG ratio of 3.61 and a beta of 0.57. The firm’s 50-day simple moving average is $37.81 and its 200-day simple moving average is $35.36. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued 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). Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The firm had revenue of $165.50 million for the quarter, compared to the consensus estimate of $157.20 million. During the same period in the prior year, the company posted $0.58 earnings per share. Phillips Edison & Company, Inc.’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Phillips Edison & Company, Inc. will post 2.42 EPS 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 given a $0.1025 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.23 annualized dividend and a yield of 3.09%. Phillips Edison & Company, Inc.’s payout ratio is 267.39%.

Analysts Set New Price Targets

PECO has been the subject of several recent research reports. Compass Point upped their price target 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. Wells Fargo & Company upgraded shares of Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $34.00 to $37.00 in a research note on Wednesday, August 28th. Wolfe Research upgraded 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 note on Wednesday, November 13th. Finally, Mizuho lifted 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. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.