Holocene Advisors LP Acquires 16,723 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Holocene Advisors LP increased its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 24.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 84,828 shares of the company’s stock after purchasing an additional 16,723 shares during the quarter. Holocene Advisors LP’s holdings in Phillips Edison & Company, Inc. were worth $3,199,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of PECO. Centiva Capital LP bought a new stake in shares of Phillips Edison & Company, Inc. during the third quarter worth $318,000. Beck Capital Management LLC acquired a new position in Phillips Edison & Company, Inc. in the 3rd quarter worth $406,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Phillips Edison & Company, Inc. during the 3rd quarter worth about $241,000. Point72 Hong Kong Ltd acquired a new stake in shares of Phillips Edison & Company, Inc. in the 3rd quarter valued at about $192,000. Finally, Plotkin Financial Advisors LLC acquired a new stake in shares of Phillips Edison & Company, Inc. in the 3rd quarter valued at about $275,000. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PECO. Mizuho increased their price objective 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. Wells Fargo & Company upgraded shares of Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $34.00 to $37.00 in a report on Wednesday, August 28th. Compass Point boosted their price objective on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 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 for the company in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $38.43.

Phillips Edison & Company, Inc. Stock Up 0.4 %

Phillips Edison & Company, Inc. stock opened at $39.33 on Friday. The company’s 50-day moving average price is $37.94 and its two-hundred day moving average price is $35.62. The stock has a market cap of $4.82 billion, a P/E ratio of 85.50, a P/E/G ratio of 3.59 and a beta of 0.57. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its earnings results on Thursday, October 24th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.52). The firm had revenue of $165.50 million for the quarter, compared to the consensus estimate of $157.20 million. Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. Phillips Edison & Company, Inc.’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the business posted $0.58 EPS. Equities analysts anticipate that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a $0.1025 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.13%. Phillips Edison & Company, Inc.’s payout ratio is presently 267.39%.

Phillips Edison & Company, Inc. Profile

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.