14,529 Shares in Phillips Edison & Company, Inc. (NASDAQ:PECO) Acquired by FORA Capital LLC

FORA Capital LLC acquired a new position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,529 shares of the company’s stock, valued at approximately $548,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Duff & Phelps Investment Management Co. acquired a new position in shares of Phillips Edison & Company, Inc. during the second quarter worth approximately $32,120,000. Cetera Investment Advisers grew its stake in Phillips Edison & Company, Inc. by 240.9% in the 1st quarter. Cetera Investment Advisers now owns 1,170,077 shares of the company’s stock valued at $41,971,000 after purchasing an additional 826,891 shares during the period. Millennium Management LLC purchased a new stake in Phillips Edison & Company, Inc. during the second quarter worth about $8,397,000. Dimensional Fund Advisors LP increased its stake in shares of Phillips Edison & Company, Inc. by 16.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,250,731 shares of the company’s stock worth $40,911,000 after purchasing an additional 179,775 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Phillips Edison & Company, Inc. by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,094,331 shares of the company’s stock valued at $78,977,000 after buying an additional 102,519 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Performance

NASDAQ PECO opened at $39.80 on Friday. The stock has a 50 day moving average price of $37.84 and a 200-day moving average price of $35.39. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $40.12. The company has a market capitalization of $4.88 billion, a P/E ratio of 86.52, a P/E/G ratio of 3.65 and a beta of 0.57.

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). Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The company had revenue of $165.50 million during the quarter, compared to the consensus estimate of $157.20 million. During the same quarter in the prior year, the business earned $0.58 earnings per share. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, equities analysts predict that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a $0.1025 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.23 dividend on an annualized basis and a yield of 3.09%. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 267.39%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wolfe Research raised shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price target for the company in a report on Wednesday, November 13th. Compass Point raised their price objective on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Mizuho lifted their price objective on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Finally, Wells Fargo & Company raised Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $34.00 to $37.00 in a research report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.43.

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.