O Dell Group LLC Decreases Stake in Phillips Edison & Company, Inc. (NASDAQ:PECO)

O Dell Group LLC reduced its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 64,142 shares of the company’s stock after selling 1,554 shares during the period. Phillips Edison & Company, Inc. comprises about 0.5% of O Dell Group LLC’s holdings, making the stock its 23rd biggest position. O Dell Group LLC’s holdings in Phillips Edison & Company, Inc. were worth $2,403,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PECO. Legacy Investment Solutions LLC purchased a new position in shares of Phillips Edison & Company, Inc. in the 3rd quarter valued at approximately $36,000. Allworth Financial LP raised its position in shares of Phillips Edison & Company, Inc. by 94.6% in the 4th quarter. Allworth Financial LP now owns 1,621 shares of the company’s stock valued at $58,000 after purchasing an additional 788 shares during the last quarter. Blue Trust Inc. raised its position in shares of Phillips Edison & Company, Inc. by 24.9% in the 4th quarter. Blue Trust Inc. now owns 3,023 shares of the company’s stock valued at $113,000 after purchasing an additional 603 shares during the last quarter. KBC Group NV raised its position in shares of Phillips Edison & Company, Inc. by 21.9% in the 3rd quarter. KBC Group NV now owns 3,902 shares of the company’s stock valued at $147,000 after purchasing an additional 700 shares during the last quarter. Finally, Eukles Asset Management purchased a new position in shares of Phillips Edison & Company, Inc. in the 4th quarter valued at approximately $156,000. 80.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PECO has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Wells Fargo & Company reduced their price target on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Wolfe Research raised shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price target for the company in a research report on Wednesday, November 13th. Finally, Mizuho reduced their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ PECO opened at $35.51 on Tuesday. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 71.02, a PEG ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The firm’s 50 day simple moving average is $36.42 and its 200-day simple moving average is $37.43.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.50. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. Analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be paid a $0.1025 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.23 dividend on an annualized basis and a yield of 3.46%. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 246.00%.

About Phillips Edison & Company, Inc.

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.