Ignite Planners LLC Has $349,000 Stake in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Ignite Planners LLC trimmed its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 18.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,315 shares of the company’s stock after selling 2,171 shares during the quarter. Ignite Planners LLC’s holdings in Phillips Edison & Company, Inc. were worth $349,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PECO. Dimensional Fund Advisors LP raised its stake in Phillips Edison & Company, Inc. by 16.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,250,731 shares of the company’s stock worth $40,911,000 after acquiring an additional 179,775 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in Phillips Edison & Company, Inc. by 38.4% during the second quarter. Mutual of America Capital Management LLC now owns 100,184 shares of the company’s stock worth $3,277,000 after acquiring an additional 27,796 shares in the last quarter. AE Wealth Management LLC raised its stake in Phillips Edison & Company, Inc. by 20.8% during the second quarter. AE Wealth Management LLC now owns 40,367 shares of the company’s stock worth $1,320,000 after acquiring an additional 6,964 shares in the last quarter. Ensign Peak Advisors Inc raised its stake in Phillips Edison & Company, Inc. by 18.5% during the second quarter. Ensign Peak Advisors Inc now owns 51,347 shares of the company’s stock worth $1,680,000 after acquiring an additional 8,015 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its stake in Phillips Edison & Company, Inc. by 7.7% during the second quarter. Public Sector Pension Investment Board now owns 269,338 shares of the company’s stock worth $8,810,000 after acquiring an additional 19,223 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Trading Up 0.5 %

Shares of NASDAQ PECO opened at $35.84 on Wednesday. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The stock has a 50 day moving average of $38.40 and a 200-day moving average of $36.86. The company has a market capitalization of $4.39 billion, a P/E ratio of 77.91, a P/E/G ratio of 3.60 and a beta of 0.59.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings results 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). The firm had revenue of $165.50 million during the quarter, compared to the consensus estimate of $157.20 million. Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 earnings per share. Analysts predict that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were issued a $0.1025 dividend. The ex-dividend date was Monday, December 16th. This is a boost from Phillips Edison & Company, Inc.’s previous dividend of $0.10. This represents a yield of 3.13%. Phillips Edison & Company, Inc.’s payout ratio is currently 267.39%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on PECO shares. Mizuho increased their price objective on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. dropped their price objective 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. Finally, Wolfe Research upgraded Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.50.

Phillips Edison & Company, Inc. Profile

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.