19 hours Ago By Defense World Staff
LPL Financial LLC boosted its position in Phillips Edison & Company, Inc. (NASDAQ:PECO – Free Report) by 12.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 370,636 shares of the company’s stock after buying an additional 41,468 shares during the period. LPL Financial LLC owned approximately 0.30% of Phillips Edison & Company, Inc.
worth $13,884,000 at the end of the most recent quarter. Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in Phillips Edison & Company, Inc.
in the fourth quarter valued at approximately $488,000. Barclays PLC increased its stake in Phillips Edison & Company, Inc. by 49.
2% during the 3rd quarter. Barclays PLC now owns 279,432 shares of the company’s stock valued at $10,538,000 after purchasing an additional 92,129 shares in the last quarter. Charles Schwab Investment Management Inc.
raised its holdings in Phillips Edison & Company, Inc. by 2.4% during the fourth quarter.
Charles Schwab Investment Management Inc. now owns 2,145,517 shares of the company’s stock worth $80,371,000 after buying an additional 51,186 shares during the last quarter. Duff & Phelps Investment Management Co.
lifted its stake in shares of Phillips Edison & Company, Inc. by 50.1% in the third quarter.
Duff & Phelps Investment Management Co. now owns 1,474,130 shares of the company’s stock valued at $55,589,000 after buying an additional 492,160 shares in the last quarter. Finally, Principal Financial Group Inc.
grew its holdings in shares of Phillips Edison & Company, Inc. by 3.0% during the fourth quarter.
Principal Financial Group Inc. now owns 595,165 shares of the company’s stock valued at $22,295,000 after buying an additional 17,235 shares during the last quarter. 80.
70% of the stock is owned by institutional investors and hedge funds. Phillips Edison & Company, Inc. Price PerformanceShares of NASDAQ:PECO opened at $37.
33 on Thursday. The business has a fifty day moving average price of $36.15 and a two-hundred day moving average price of $37.
23. The company has a market capitalization of $4.67 billion, a PE ratio of 74.
66, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57.
Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.
12. Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) last released its earnings results on Thursday, February 6th.
The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.
50. Phillips Edison & Company, Inc. had a net margin of 9.
48% and a return on equity of 2.40%. Sell-side analysts anticipate that Phillips Edison & Company, Inc.
will post 2.55 earnings per share for the current year. Phillips Edison & Company, Inc.
Dividend AnnouncementThe firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.1025 per share.
This represents a $1.23 annualized dividend and a yield of 3.29%.
The ex-dividend date of this dividend is Tuesday, April 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 246.
00%. Wall Street Analysts Forecast GrowthA number of equities research analysts recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Phillips Edison & Company, Inc.
from $37.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th.
Mizuho cut their target price on Phillips Edison & Company, Inc. from $41.00 to $38.
00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lowered their price target on Phillips Edison & Company, Inc.
from $41.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th.
Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Phillips Edison & Company, Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.
83.Get Our Latest Stock Report on Phillips Edison & Company, Inc.Phillips Edison & Company, Inc.
Company Profile (Free Report)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.
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