MCF Advisors LLC Purchases 1,672 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

MCF Advisors LLC lifted its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 47.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,200 shares of the company’s stock after acquiring an additional 1,672 shares during the quarter. MCF Advisors LLC’s holdings in Phillips Edison & Company, Inc. were worth $195,000 at the end of the most recent quarter.

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

Phillips Edison & Company, Inc. Stock Performance

PECO opened at $35.81 on Thursday. Phillips Edison & Company, Inc. has a 52-week low of $30.62 and a 52-week high of $40.12. The stock has a market capitalization of $4.39 billion, a PE ratio of 77.85, a price-to-earnings-growth ratio of 3.13 and a beta of 0.59. The stock’s 50 day moving average price is $38.02 and its 200-day moving average price is $36.97.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its 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). Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. The business had revenue of $165.50 million for the quarter, compared to analysts’ expectations of $157.20 million. During the same period last year, the firm posted $0.58 earnings per share. Phillips Edison & Company, Inc.’s quarterly revenue was up 8.5% on a year-over-year basis. Research analysts forecast that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, January 3rd. Stockholders 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 is a boost from Phillips Edison & Company, Inc.’s previous dividend of $0.10. This represents a dividend yield of 3.13%. Phillips Edison & Company, Inc.’s payout ratio is 267.39%.

Analysts Set New Price Targets

A number of brokerages have commented on PECO. Mizuho lifted their price target 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. Wolfe Research raised Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price target on the stock in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. decreased their price target on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.50.

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.