Phillips Edison & Company, Inc. (NASDAQ:PECO) Position Boosted by Xponance Inc.

Xponance Inc. raised its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 9.6% during the 4th quarter, Holdings Channel reports. The fund owned 8,809 shares of the company’s stock after purchasing an additional 770 shares during the period. Xponance Inc.’s holdings in Phillips Edison & Company, Inc. were worth $330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Arizona State Retirement System increased its holdings in shares of Phillips Edison & Company, Inc. by 0.8% during the fourth quarter. Arizona State Retirement System now owns 35,534 shares of the company’s stock valued at $1,331,000 after purchasing an additional 290 shares during the period. M&T Bank Corp increased its stake in Phillips Edison & Company, Inc. by 2.9% during the 3rd quarter. M&T Bank Corp now owns 10,883 shares of the company’s stock valued at $410,000 after buying an additional 307 shares during the period. State of Alaska Department of Revenue increased its stake in Phillips Edison & Company, Inc. by 0.3% during the 4th quarter. State of Alaska Department of Revenue now owns 128,465 shares of the company’s stock valued at $4,811,000 after buying an additional 344 shares during the period. Exchange Traded Concepts LLC raised its position in shares of Phillips Edison & Company, Inc. by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 20,185 shares of the company’s stock worth $756,000 after buying an additional 510 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of Phillips Edison & Company, Inc. by 13.4% in the 4th quarter. KBC Group NV now owns 4,424 shares of the company’s stock worth $166,000 after acquiring an additional 522 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ:PECO opened at $35.69 on Friday. The company has a market capitalization of $4.47 billion, a PE ratio of 71.38, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57. The stock has a fifty day moving average of $36.10 and a 200-day moving average of $37.27. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its earnings results on Thursday, February 6th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.12 by $0.50. Phillips Edison & Company, Inc. had a return on equity of 2.40% and a net margin of 9.48%. As a group, research analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a $0.1025 dividend. This represents a $1.23 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Tuesday, April 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 246.00%.

Analyst Upgrades and Downgrades

PECO has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price objective on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Mizuho dropped their price objective on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. decreased their target price on 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.83.

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.