Aew Capital Management L P Raises Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Aew Capital Management L P lifted its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 47.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 627,889 shares of the company’s stock after purchasing an additional 200,819 shares during the period. Phillips Edison & Company, Inc. comprises approximately 1.1% of Aew Capital Management L P’s holdings, making the stock its 26th biggest holding. Aew Capital Management L P’s holdings in Phillips Edison & Company, Inc. were worth $23,521,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. State Street Corp grew its stake in Phillips Edison & Company, Inc. by 0.3% in the 3rd quarter. State Street Corp now owns 7,068,684 shares of the company’s stock worth $267,289,000 after acquiring an additional 18,429 shares during the period. Geode Capital Management LLC grew its stake in Phillips Edison & Company, Inc. by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,190,836 shares of the company’s stock worth $120,347,000 after acquiring an additional 19,205 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Phillips Edison & Company, Inc. by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,094,331 shares of the company’s stock worth $78,977,000 after acquiring an additional 102,519 shares during the period. Duff & Phelps Investment Management Co. grew its stake in Phillips Edison & Company, Inc. by 50.1% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,474,130 shares of the company’s stock worth $55,589,000 after acquiring an additional 492,160 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in Phillips Edison & Company, Inc. by 5.4% in the 3rd 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. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Stock Up 2.5 %

Shares of PECO opened at $37.20 on Friday. The firm has a market cap of $4.66 billion, a PE ratio of 74.40, a price-to-earnings-growth ratio of 1.70 and a beta of 0.58. The company’s fifty day moving average is $36.61 and its two-hundred day moving average is $37.35. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.62 earnings per share for the quarter, beating 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%. As a group, equities research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be issued a dividend of $0.1025 per share. The ex-dividend date is Monday, March 17th. This represents a $1.23 annualized dividend and a dividend yield of 3.31%. Phillips Edison & Company, Inc.’s payout ratio is 246.00%.

Wall Street Analyst Weigh In

Several research firms have commented on PECO. JPMorgan Chase & Co. lowered their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Mizuho lowered their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday. Wells Fargo & Company lowered their target price on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Finally, Wolfe Research upgraded shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price target on the stock in a report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Phillips Edison & Company, Inc. has an average rating of “Moderate Buy” and a consensus target price of $39.00.

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.