Los Angeles Capital Management LLC Raises Stake in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Los Angeles Capital Management LLC raised its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,803 shares of the company’s stock after buying an additional 1,369 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Phillips Edison & Company, Inc. were worth $967,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PECO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Phillips Edison & Company, Inc. by 408.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 765,822 shares of the company’s stock valued at $28,879,000 after buying an additional 615,076 shares in the last quarter. Duff & Phelps Investment Management Co. lifted its stake in shares of Phillips Edison & Company, Inc. by 50.1% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,474,130 shares of the company’s stock valued at $55,589,000 after purchasing an additional 492,160 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Phillips Edison & Company, Inc. by 578.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 139,146 shares of the company’s stock valued at $5,247,000 after purchasing an additional 118,640 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Phillips Edison & Company, Inc. by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,094,331 shares of the company’s stock valued at $78,977,000 after purchasing an additional 102,519 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Phillips Edison & Company, Inc. by 3,092.8% in the 3rd quarter. International Assets Investment Management LLC now owns 104,117 shares of the company’s stock valued at $3,926,000 after purchasing an additional 100,856 shares during the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Trading Up 2.5 %

PECO opened at $37.20 on Friday. The stock’s 50-day moving average price is $36.61 and its 200 day moving average price is $37.37. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 74.40, a PEG ratio of 1.70 and a beta of 0.58.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. On average, research 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 business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be given a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Monday, March 17th. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 246.00%.

Analysts Set New Price Targets

Several brokerages have recently commented on PECO. 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. 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. Mizuho decreased their price target on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company decreased their price target on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Phillips Edison & Company, Inc. has an average rating of “Moderate Buy” and an average target price of $39.00.

Phillips Edison & Company, Inc. Company 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.