Foresight Group Ltd Liability Partnership Invests $1.32 Million in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Foresight Group Ltd Liability Partnership bought a new stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) during the 4th quarter, Holdings Channel reports. The institutional investor bought 35,529 shares of the company’s stock, valued at approximately $1,322,000. Phillips Edison & Company, Inc. makes up approximately 0.8% of Foresight Group Ltd Liability Partnership’s holdings, making the stock its 17th biggest position.

Several other institutional investors have also added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new stake in Phillips Edison & Company, Inc. during the 3rd quarter valued at about $28,000. Legacy Investment Solutions LLC acquired a new stake in shares of Phillips Edison & Company, Inc. during the third quarter worth about $36,000. Blue Trust Inc. boosted its position in Phillips Edison & Company, Inc. by 15.5% in the third quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock valued at $91,000 after buying an additional 325 shares during the last quarter. GAMMA Investing LLC increased its holdings in Phillips Edison & Company, Inc. by 31.8% in the 3rd quarter. GAMMA Investing LLC now owns 3,330 shares of the company’s stock worth $126,000 after buying an additional 803 shares during the period. Finally, Tsfg LLC purchased a new position in Phillips Edison & Company, Inc. during the 3rd quarter worth approximately $127,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Phillips Edison & Company, Inc. Stock Up 1.3 %

PECO opened at $35.93 on Friday. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 78.11, a PEG ratio of 2.94 and a beta of 0.59. The firm’s fifty day simple moving average is $38.27 and its two-hundred day simple moving average is $36.85. Phillips Edison & Company, Inc. has a 52-week low of $30.62 and a 52-week high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted 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). The firm had revenue of $165.50 million during the quarter, compared to analyst estimates of $157.20 million. Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 earnings per share. On average, research analysts forecast that Phillips Edison & Company, Inc. will post 2.43 EPS for the current 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 paid a dividend of $0.1025 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a yield of 3.13%. This is a positive change from Phillips Edison & Company, Inc.’s previous dividend of $0.10. Phillips Edison & Company, Inc.’s payout ratio 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.