Phillips Edison & Company, Inc. (NASDAQ:PECO) Stock Holdings Lowered by RMR Wealth Builders

RMR Wealth Builders decreased its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 19.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 49,593 shares of the company’s stock after selling 11,660 shares during the quarter. RMR Wealth Builders’ holdings in Phillips Edison & Company, Inc. were worth $1,858,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. boosted its position in Phillips Edison & Company, Inc. by 0.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 72,465 shares of the company’s stock worth $2,715,000 after acquiring an additional 594 shares during the period. Brass Tax Wealth Management Inc. acquired a new position in Phillips Edison & Company, Inc. in the 3rd quarter valued at approximately $378,000. Synovus Financial Corp purchased a new position in shares of Phillips Edison & Company, Inc. during the 3rd quarter valued at $376,000. Arete Wealth Advisors LLC grew its holdings in shares of Phillips Edison & Company, Inc. by 3.1% during the 3rd quarter. Arete Wealth Advisors LLC now owns 28,392 shares of the company’s stock valued at $1,064,000 after acquiring an additional 866 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of Phillips Edison & Company, Inc. by 3.6% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 109,531 shares of the company’s stock worth $4,131,000 after acquiring an additional 3,797 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Mizuho lifted their price objective on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Wolfe Research upgraded 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 report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Phillips Edison & Company, Inc. currently has a consensus rating of “Moderate Buy” and an average price target of $39.50.

Phillips Edison & Company, Inc. Stock Down 1.1 %

Shares of NASDAQ:PECO opened at $35.46 on Thursday. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $40.12. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 77.09, a PEG ratio of 2.94 and a beta of 0.59. The business has a 50 day moving average price of $38.40 and a 200 day moving average price of $36.86.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its earnings results on Thursday, October 24th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.52). The company had revenue of $165.50 million for the quarter, compared to analyst estimates of $157.20 million. Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. Phillips Edison & Company, Inc.’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.58 earnings per share. Analysts anticipate that Phillips Edison & Company, Inc. will post 2.43 EPS for the current year.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were given a dividend of $0.1025 per share. The ex-dividend date was Monday, December 16th. This is an increase from Phillips Edison & Company, Inc.’s previous dividend of $0.10. This represents a yield of 3.13%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 267.39%.

Phillips Edison & Company, Inc. 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.