Hsbc Holdings PLC Purchases 9,422 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Hsbc Holdings PLC lifted its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 105,182 shares of the company’s stock after purchasing an additional 9,422 shares during the period. Hsbc Holdings PLC owned 0.09% of Phillips Edison & Company, Inc. worth $3,938,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in PECO. Arizona State Retirement System increased its holdings in shares of Phillips Edison & Company, Inc. by 0.8% during the 4th quarter. Arizona State Retirement System now owns 35,534 shares of the company’s stock worth $1,331,000 after purchasing an additional 290 shares during the period. FIL Ltd increased its stake in Phillips Edison & Company, Inc. by 17.8% during the fourth quarter. FIL Ltd now owns 2,155 shares of the company’s stock valued at $81,000 after acquiring an additional 325 shares during the period. State of Alaska Department of Revenue increased its stake in Phillips Edison & Company, Inc. by 0.3% during the fourth quarter. State of Alaska Department of Revenue now owns 128,465 shares of the company’s stock valued at $4,811,000 after acquiring an additional 344 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of Phillips Edison & Company, Inc. by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 20,185 shares of the company’s stock worth $756,000 after acquiring an additional 510 shares during the period. Finally, KBC Group NV lifted its position 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 $34.95 on Wednesday. Phillips Edison & Company, Inc. has a 52 week low of $30.62 and a 52 week high of $40.12. The company’s fifty day moving average is $35.54 and its 200-day moving average is $36.90. The company has a market capitalization of $4.37 billion, a PE ratio of 69.90, a P/E/G ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The firm had revenue of $178.31 million for the quarter, compared to analyst estimates of $170.59 million. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. On average, analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a dividend of $0.1025 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.23 dividend on an annualized basis and a yield of 3.52%. Phillips Edison & Company, Inc.’s dividend payout ratio is 215.79%.

Analyst Upgrades and Downgrades

PECO has been the topic of a number of research reports. Wells Fargo & Company lowered their price objective on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Mizuho dropped their price objective 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, February 25th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.