Phillips Edison & Company, Inc. (NASDAQ:PECO) Position Boosted by Entropy Technologies LP

Entropy Technologies LP lifted its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 58.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 29,954 shares of the company’s stock after acquiring an additional 11,083 shares during the quarter. Entropy Technologies LP’s holdings in Phillips Edison & Company, Inc. were worth $1,122,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Phillips Edison & Company, Inc. by 408.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 765,822 shares of the company’s stock worth $28,879,000 after buying an additional 615,076 shares in the last quarter. Duff & Phelps Investment Management Co. boosted its stake in shares of Phillips Edison & Company, Inc. by 50.1% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,474,130 shares of the company’s stock worth $55,589,000 after acquiring an additional 492,160 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Phillips Edison & Company, Inc. by 578.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 139,146 shares of the company’s stock worth $5,247,000 after acquiring an additional 118,640 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 worth $78,977,000 after acquiring an additional 102,519 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Phillips Edison & Company, Inc. by 3,092.8% during the third quarter. International Assets Investment Management LLC now owns 104,117 shares of the company’s stock worth $3,926,000 after purchasing an additional 100,856 shares during the period. 80.70% of the stock is currently owned by institutional investors.

Phillips Edison & Company, Inc. Price Performance

NASDAQ PECO opened at $36.82 on Tuesday. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 73.64, a price-to-earnings-growth ratio of 1.76 and a beta of 0.58. The company has a 50 day simple moving average of $37.33 and a 200-day simple moving average of $37.23. 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 released its earnings results on Thursday, February 6th. The company reported $0.62 earnings per share (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%. On average, analysts predict that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were issued a dividend of $0.1025 per share. This represents a dividend yield of 3.13%. This is a positive change from Phillips Edison & Company, Inc.’s previous dividend of $0.10. The ex-dividend date was Monday, December 16th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 246.00%.

Analysts Set New Price Targets

PECO has been the topic of a number of analyst reports. Wells Fargo & Company dropped 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. JPMorgan Chase & Co. cut their price target on shares of 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. Mizuho lifted their price objective on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, Wolfe Research raised shares of 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 research note on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Phillips Edison & Company, Inc. currently has an average rating of “Moderate Buy” and an average price target of $39.50.

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.