Swiss National Bank Has $9.02 Million Stock Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Swiss National Bank grew its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 0.8% during the 4th quarter, Holdings Channel reports. The firm owned 240,900 shares of the company’s stock after purchasing an additional 1,800 shares during the quarter. Swiss National Bank’s holdings in Phillips Edison & Company, Inc. were worth $9,024,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new stake in shares of Phillips Edison & Company, Inc. in the 4th quarter valued at $849,000. HighTower Advisors LLC raised its holdings in shares of Phillips Edison & Company, Inc. by 5.1% in the fourth quarter. HighTower Advisors LLC now owns 33,009 shares of the company’s stock valued at $1,236,000 after buying an additional 1,598 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Phillips Edison & Company, Inc. by 42.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 79,034 shares of the company’s stock worth $2,961,000 after purchasing an additional 23,426 shares during the last quarter. Amundi raised its holdings in Phillips Edison & Company, Inc. by 47.2% during the 4th quarter. Amundi now owns 129,718 shares of the company’s stock worth $4,748,000 after purchasing an additional 41,595 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new stake in Phillips Edison & Company, Inc. during the 4th quarter worth about $3,732,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Down 0.9 %

Phillips Edison & Company, Inc. stock opened at $34.93 on Friday. The firm has a market capitalization of $4.37 billion, a P/E ratio of 69.86, a PEG ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12. The business has a 50-day moving average of $36.09 and a 200-day moving average of $37.31.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its earnings results on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a $0.1025 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.23 annualized dividend and a dividend yield of 3.52%. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 246.00%.

Wall Street Analyst Weigh In

Several analysts have weighed in on PECO shares. Wells Fargo & Company dropped their price objective on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Mizuho decreased their target price on 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. Finally, JPMorgan Chase & Co. decreased their target price on 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company 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.