LaSalle St. Investment Advisors LLC Purchases Shares of 7,590 Phillips Edison & Company, Inc. (NASDAQ:PECO)

LaSalle St. Investment Advisors LLC acquired a new position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 7,590 shares of the company’s stock, valued at approximately $284,000.

Several other hedge funds have also modified their holdings of PECO. Allworth Financial LP increased its stake in Phillips Edison & Company, Inc. by 94.6% during the fourth quarter. Allworth Financial LP now owns 1,621 shares of the company’s stock worth $58,000 after acquiring an additional 788 shares during the last quarter. FIL Ltd grew its holdings in shares of Phillips Edison & Company, Inc. by 17.8% during the 4th quarter. FIL Ltd now owns 2,155 shares of the company’s stock worth $81,000 after purchasing an additional 325 shares during the period. Blue Trust Inc. grew its holdings in shares of Phillips Edison & Company, Inc. by 24.9% during the 4th quarter. Blue Trust Inc. now owns 3,023 shares of the company’s stock worth $113,000 after purchasing an additional 603 shares during the period. Sterling Capital Management LLC increased its position in Phillips Edison & Company, Inc. by 784.3% during the 4th quarter. Sterling Capital Management LLC now owns 3,387 shares of the company’s stock worth $127,000 after purchasing an additional 3,004 shares in the last quarter. Finally, Eukles Asset Management purchased a new position in Phillips Edison & Company, Inc. in the fourth quarter valued at approximately $156,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PECO shares. 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 report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price target on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, Wells Fargo & Company reduced 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 note on Wednesday, March 26th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $38.83.

Phillips Edison & Company, Inc. Trading Up 1.3 %

Shares of PECO stock opened at $35.50 on Tuesday. The firm has a fifty day simple moving average of $35.78 and a 200-day simple moving average of $36.99. The company has a market capitalization of $4.44 billion, a PE ratio of 71.00, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57. 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 posted its quarterly earnings data 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%. Equities research analysts predict that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.1025 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.23 dividend on an annualized basis and a yield of 3.46%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 246.00%.

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.