12,874 Shares in Phillips Edison & Company, Inc. (NASDAQ:PECO) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 12,874 shares of the company’s stock, valued at approximately $482,000.

Other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Phillips Edison & Company, Inc. in the fourth quarter worth $488,000. Barclays PLC lifted its stake in Phillips Edison & Company, Inc. by 49.2% in the 3rd quarter. Barclays PLC now owns 279,432 shares of the company’s stock worth $10,538,000 after purchasing an additional 92,129 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Phillips Edison & Company, Inc. by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,517 shares of the company’s stock valued at $80,371,000 after purchasing an additional 51,186 shares during the last quarter. Duff & Phelps Investment Management Co. boosted its holdings 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 valued at $55,589,000 after purchasing an additional 492,160 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Phillips Edison & Company, Inc. by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 595,165 shares of the company’s stock valued at $22,295,000 after purchasing an additional 17,235 shares in the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on PECO shares. Wells Fargo & Company decreased their target price on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective on 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. Finally, Mizuho lowered 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.00.

Phillips Edison & Company, Inc. Trading Down 0.3 %

PECO opened at $35.65 on Wednesday. The stock has a 50-day moving average of $36.09 and a 200 day moving average of $37.29. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The firm has a market cap of $4.46 billion, a P/E ratio of 71.30, a P/E/G ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its earnings results 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 return on equity of 2.40% and a net margin of 9.48%. On average, research analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Tuesday, April 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 246.00%.

Phillips Edison & Company, Inc. 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.