Los Angeles Capital Management LLC Makes New Investment in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Los Angeles Capital Management LLC acquired a new stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,434 shares of the company’s stock, valued at approximately $921,000.

Several other institutional investors have also modified their holdings of the stock. V Square Quantitative Management LLC bought a new position in shares of Phillips Edison & Company, Inc. during the 3rd quarter valued at approximately $28,000. 1620 Investment Advisors Inc. bought a new position in Phillips Edison & Company, Inc. during the second quarter valued at $26,000. Hobbs Group Advisors LLC purchased a new stake in shares of Phillips Edison & Company, Inc. in the second quarter valued at $39,000. PFG Private Wealth Management LLC bought a new stake in shares of Phillips Edison & Company, Inc. in the 2nd quarter worth about $62,000. Finally, Blue Trust Inc. boosted its stake in shares of Phillips Edison & Company, Inc. by 160.2% during the 2nd quarter. Blue Trust Inc. now owns 2,095 shares of the company’s stock worth $75,000 after purchasing an additional 1,290 shares during the period. 80.70% of the stock is owned by institutional investors.

Phillips Edison & Company, Inc. Price Performance

NASDAQ:PECO opened at $39.01 on Friday. Phillips Edison & Company, Inc. has a 1-year low of $30.62 and a 1-year high of $39.83. The company has a 50-day moving average of $37.67 and a 200 day moving average of $35.02. The firm has a market cap of $4.78 billion, a PE ratio of 84.80, a price-to-earnings-growth ratio of 3.59 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings results 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). The business had revenue of $165.50 million during the quarter, compared to analysts’ expectations of $157.20 million. Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. Phillips Edison & Company, Inc.’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.58 EPS. Sell-side analysts anticipate that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a $0.1025 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.15%. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 267.39%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PECO. Wells Fargo & Company raised shares of Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $34.00 to $37.00 in a research report on Wednesday, August 28th. Compass Point increased their price target on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Mizuho boosted their price objective on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Finally, Wolfe Research raised Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. has a consensus rating of “Hold” and a consensus price target of $38.43.

Phillips Edison & Company, Inc. Company Profile

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.