GenTrust LLC Purchases Shares of 5,833 Phillips Edison & Company, Inc. (NASDAQ:PECO)

GenTrust LLC purchased a new stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 5,833 shares of the company’s stock, valued at approximately $221,000.

Several other large investors have also recently bought and sold shares of PECO. Sei Investments Co. bought a new position in Phillips Edison & Company, Inc. in the 1st quarter valued at $1,202,000. Russell Investments Group Ltd. lifted its holdings in shares of Phillips Edison & Company, Inc. by 49.8% during the 1st quarter. Russell Investments Group Ltd. now owns 37,603 shares of the company’s stock worth $1,349,000 after acquiring an additional 12,493 shares during the last quarter. American International Group Inc. lifted its holdings in shares of Phillips Edison & Company, Inc. by 1.1% during the 1st quarter. American International Group Inc. now owns 65,003 shares of the company’s stock worth $2,332,000 after acquiring an additional 699 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Phillips Edison & Company, Inc. by 8.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 62,874 shares of the company’s stock worth $2,256,000 after acquiring an additional 4,916 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Phillips Edison & Company, Inc. by 15,338.0% during the 1st quarter. Public Employees Retirement System of Ohio now owns 175,376 shares of the company’s stock worth $6,291,000 after acquiring an additional 174,240 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PECO has been the subject of a number of research analyst reports. Compass Point lifted 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 report on Tuesday, September 10th. Wolfe Research raised shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a report on Wednesday, November 13th. Mizuho lifted their price objective on shares of Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Finally, Wells Fargo & Company raised shares of Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $34.00 to $37.00 in a report on Wednesday, August 28th. 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, the stock currently has a consensus rating of “Hold” and an average target price of $38.43.

Phillips Edison & Company, Inc. Stock Up 0.7 %

Shares of NASDAQ:PECO opened at $39.33 on Friday. The stock has a market cap of $4.82 billion, a PE ratio of 85.50, a PEG ratio of 3.59 and a beta of 0.57. The company’s fifty day moving average is $37.79 and its 200 day moving average is $35.25. Phillips Edison & Company, Inc. has a 52 week low of $30.62 and a 52 week high of $39.83.

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

Phillips Edison & Company, Inc. Announces Dividend

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

About Phillips Edison & Company, Inc.

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.