Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC reduced its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 9.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 19,401 shares of the company’s stock after selling 1,916 shares during the period. OneDigital Investment Advisors LLC’s holdings in Phillips Edison & Company, Inc. were worth $732,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of Phillips Edison & Company, Inc. by 15.5% in the 3rd quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock valued at $91,000 after buying an additional 325 shares during the last quarter. Xponance Inc. boosted its stake in Phillips Edison & Company, Inc. by 6.3% in the second quarter. Xponance Inc. now owns 7,789 shares of the company’s stock valued at $255,000 after acquiring an additional 465 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Phillips Edison & Company, Inc. by 6.5% during the third quarter. Private Advisor Group LLC now owns 8,009 shares of the company’s stock worth $302,000 after purchasing an additional 487 shares during the last quarter. Calton & Associates Inc. increased its position in shares of Phillips Edison & Company, Inc. by 1.8% during the third quarter. Calton & Associates Inc. now owns 37,233 shares of the company’s stock worth $1,404,000 after purchasing an additional 641 shares in the last quarter. Finally, American International Group Inc. lifted its holdings in shares of Phillips Edison & Company, Inc. by 1.1% in the 1st quarter. American International Group Inc. now owns 65,003 shares of the company’s stock valued at $2,332,000 after purchasing an additional 699 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO opened at $39.25 on Wednesday. The stock has a market capitalization of $4.81 billion, a P/E ratio of 85.33, a P/E/G ratio of 3.58 and a beta of 0.57. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $39.83. The company’s fifty day moving average is $37.73 and its two-hundred day moving average is $35.14.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.52). The firm had revenue of $165.50 million for the quarter, compared to analyst estimates of $157.20 million. Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 earnings per share. Sell-side analysts predict that Phillips Edison & Company, Inc. will post 2.42 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Tuesday, February 18th. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 267.39%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PECO shares. Wolfe Research upgraded 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 research note on Wednesday, November 13th. Wells Fargo & Company raised shares of Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $34.00 to $37.00 in a report on Wednesday, August 28th. Mizuho upped their price target on shares of Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Finally, Compass Point raised their price objective on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.