Atom Investors LP Has $719,000 Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Atom Investors LP cut its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 12.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,060 shares of the company’s stock after selling 2,621 shares during the quarter. Atom Investors LP’s holdings in Phillips Edison & Company, Inc. were worth $719,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Diversify Wealth Management LLC acquired a new stake in Phillips Edison & Company, Inc. in the second quarter valued at about $2,944,000. Cubist Systematic Strategies LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the second quarter worth about $2,695,000. Charles Schwab Investment Management Inc. increased its stake in shares of Phillips Edison & Company, Inc. by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,094,331 shares of the company’s stock valued at $78,977,000 after buying an additional 102,519 shares during the period. Blue Trust Inc. raised its holdings in Phillips Edison & Company, Inc. by 15.5% in 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 during the last quarter. Finally, International Assets Investment Management LLC boosted its position in Phillips Edison & Company, Inc. by 3,092.8% during the 3rd quarter. International Assets Investment Management LLC now owns 104,117 shares of the company’s stock worth $3,926,000 after buying an additional 100,856 shares during the period. 80.70% of the stock is owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Stock Performance

Phillips Edison & Company, Inc. stock opened at $39.10 on Wednesday. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 85.00, a PEG ratio of 3.61 and a beta of 0.57. Phillips Edison & Company, Inc. has a 52-week low of $30.62 and a 52-week high of $40.12. The stock’s 50 day moving average price is $37.91 and its two-hundred day moving average price is $35.55.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued 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 return on equity of 2.22% and a net margin of 9.03%. The company had revenue of $165.50 million for the quarter, compared to the consensus estimate of $157.20 million. During the same period in the prior year, the company earned $0.58 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts forecast that Phillips Edison & Company, Inc. will post 2.42 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Tuesday, February 18th. Phillips Edison & Company, Inc.’s payout ratio is 267.39%.

Analysts Set New Price Targets

PECO has been the subject of several recent research reports. Wells Fargo & Company upgraded shares of Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $34.00 to $37.00 in a research report on Wednesday, August 28th. Wolfe Research upgraded Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a report on Wednesday, November 13th. Mizuho lifted their target price on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Finally, Compass Point increased their price target on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $38.43.

About Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc (PECO) is one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers.