Koss Olinger Consulting LLC Acquires New Shares in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Koss Olinger Consulting LLC acquired a new stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,087 shares of the company’s stock, valued at approximately $222,000.

A number of other institutional investors have also recently bought and sold shares of the company. Townsquare Capital LLC boosted its position in Phillips Edison & Company, Inc. by 3.6% during the first quarter. Townsquare Capital LLC now owns 8,610 shares of the company’s stock valued at $314,000 after purchasing an additional 303 shares during the last quarter. Citigroup Inc. boosted its position in Phillips Edison & Company, Inc. by 12.7% during the first quarter. Citigroup Inc. now owns 218,095 shares of the company’s stock valued at $7,958,000 after purchasing an additional 24,572 shares during the last quarter. LaSalle St. Investment Advisors LLC boosted its position in Phillips Edison & Company, Inc. by 13.0% during the first quarter. LaSalle St. Investment Advisors LLC now owns 8,577 shares of the company’s stock valued at $312,000 after purchasing an additional 987 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Phillips Edison & Company, Inc. by 6.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 86,105 shares of the company’s stock worth $3,142,000 after buying an additional 5,430 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Phillips Edison & Company, Inc. by 1.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,174,051 shares of the company’s stock worth $79,331,000 after buying an additional 28,534 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Performance

NASDAQ PECO opened at $33.04 on Monday. Phillips Edison & Company, Inc. has a twelve month low of $32.40 and a twelve month high of $40.12. The stock has a market capitalization of $4.15 billion, a PE ratio of 60.07, a P/E/G ratio of 1.12 and a beta of 0.54. The stock has a 50-day simple moving average of $34.90 and a 200 day simple moving average of $35.42.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. Phillips Edison & Company, Inc. had a return on equity of 2.64% and a net margin of 9.91%. The firm had revenue of $173.47 million for the quarter, compared to analyst estimates of $174.38 million. During the same period in the previous year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, equities research analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Friday, August 15th will be paid a dividend of $0.1025 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, August 15th. Phillips Edison & Company, Inc.’s payout ratio is currently 223.64%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PECO. Wall Street Zen cut Phillips Edison & Company, Inc. from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Barclays began coverage on Phillips Edison & Company, Inc. in a research report on Wednesday, July 2nd. They issued an “equal weight” rating and a $37.00 price target for the company. Finally, Mizuho reduced their price target on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, July 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $38.50.

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.