7 hours Ago By Defense World Staff
Envestnet Asset Management Inc. lifted its holdings in shares of Phillips Edison & Company, Inc. ( NASDAQ:PECO – Free Report ) by 14.
4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,068 shares of the company’s stock after purchasing an additional 10,183 shares during the quarter. Envestnet Asset Management Inc.
owned about 0.07% of Phillips Edison & Company, Inc. worth $3,037,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in PECO. Allworth Financial LP boosted its stake in Phillips Edison & Company, Inc. by 94.
6% in the 4th quarter. Allworth Financial LP now owns 1,621 shares of the company’s stock worth $58,000 after buying an additional 788 shares during the last quarter. Blue Trust Inc.
lifted its holdings in shares of Phillips Edison & Company, Inc. by 24.9% during the 4th quarter.
Blue Trust Inc. now owns 3,023 shares of the company’s stock worth $113,000 after acquiring an additional 603 shares during the period. Eukles Asset Management acquired a new stake in shares of Phillips Edison & Company, Inc.
in the fourth quarter worth approximately $156,000. KBC Group NV boosted its position in shares of Phillips Edison & Company, Inc. by 13.
4% in the fourth quarter. KBC Group NV now owns 4,424 shares of the company’s stock worth $166,000 after acquiring an additional 522 shares during the last quarter. Finally, MCF Advisors LLC grew its holdings in Phillips Edison & Company, Inc.
by 47.4% in the fourth quarter. MCF Advisors LLC now owns 5,200 shares of the company’s stock valued at $195,000 after purchasing an additional 1,672 shares during the period.
Hedge funds and other institutional investors own 80.70% of the company’s stock. Analyst Upgrades and Downgrades A number of equities analysts have weighed in on PECO shares.
Mizuho decreased their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $38.
00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. Wells Fargo & Company reduced their target price on 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. Finally, JPMorgan Chase & Co.
dropped 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 note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Phillips Edison & Company, Inc.
currently has an average rating of “Moderate Buy” and an average price target of $38.83. Phillips Edison & Company, Inc.
Trading Down 0.4 % Shares of Phillips Edison & Company, Inc. stock opened at $35.
08 on Friday. Phillips Edison & Company, Inc. has a twelve month low of $30.
62 and a twelve month high of $40.12. The stock has a market cap of $4.
39 billion, a price-to-earnings ratio of 70.16, a price-to-earnings-growth ratio of 1.70 and a beta of 0.
57. The company has a fifty day moving average price of $35.57 and a 200 day moving average price of $36.
91. Phillips Edison & Company, Inc. ( NASDAQ:PECO – Get Free Report ) last issued its earnings results on Thursday, February 6th.
The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.
50. Phillips Edison & Company, Inc. had a return on equity of 2.
40% and a net margin of 9.48%. Analysts forecast that Phillips Edison & Company, Inc.
will post 2.55 earnings per share for the current year. Phillips Edison & Company, Inc.
Announces Dividend The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.1025 per share.
The ex-dividend date is Tuesday, April 15th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.
51%. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 215.
79%. 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. Recommended Stories Five stocks we like better than Phillips Edison & Company, Inc.
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