Acorn Financial Advisory Services Inc. ADV Reduces Stock Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Acorn Financial Advisory Services Inc. ADV lessened its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 6.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,451 shares of the company’s stock after selling 986 shares during the quarter. Acorn Financial Advisory Services Inc. ADV’s holdings in Phillips Edison & Company, Inc. were worth $545,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PECO. Texas Permanent School Fund Corp grew its holdings in shares of Phillips Edison & Company, Inc. by 3.4% during the first quarter. Texas Permanent School Fund Corp now owns 106,794 shares of the company’s stock worth $3,831,000 after purchasing an additional 3,490 shares during the last quarter. Quantbot Technologies LP grew its holdings in shares of Phillips Edison & Company, Inc. by 120.2% during the first quarter. Quantbot Technologies LP now owns 21,804 shares of the company’s stock worth $782,000 after purchasing an additional 11,902 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Phillips Edison & Company, Inc. during the first quarter worth about $475,000. Illinois Municipal Retirement Fund grew its holdings in shares of Phillips Edison & Company, Inc. by 0.6% during the first quarter. Illinois Municipal Retirement Fund now owns 67,554 shares of the company’s stock worth $2,423,000 after purchasing an additional 372 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Phillips Edison & Company, Inc. by 2.0% during the first quarter. Swiss National Bank now owns 236,100 shares of the company’s stock worth $8,469,000 after purchasing an additional 4,700 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Up 0.3 %

Shares of Phillips Edison & Company, Inc. stock traded up $0.11 during trading on Friday, hitting $38.97. 1,022,288 shares of the company were exchanged, compared to its average volume of 669,862. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $39.58. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 84.72, a P/E/G ratio of 3.59 and a beta of 0.57. The firm has a 50 day moving average price of $37.46 and a 200 day moving average price of $34.81.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $157.20 million. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. Analysts predict that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a $0.1025 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.23 annualized dividend and a yield of 3.16%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 267.39%.

Analysts Set New Price Targets

Several equities analysts have issued reports on PECO shares. Mizuho raised their price objective on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Wells Fargo & Company raised Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $34.00 to $37.00 in a report on Wednesday, August 28th. Finally, Compass Point raised their price target on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Phillips Edison & Company, Inc. currently has an average rating of “Hold” and a consensus target price of $37.50.

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.