Certior Financial Group LLC Makes New $1.27 Million Investment in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Certior Financial Group LLC acquired a new stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 33,859 shares of the company’s stock, valued at approximately $1,268,000. Phillips Edison & Company, Inc. makes up approximately 1.1% of Certior Financial Group LLC’s investment portfolio, making the stock its 27th largest holding.

A number of other institutional investors have also modified their holdings of PECO. Legacy Investment Solutions LLC acquired a new position in Phillips Edison & Company, Inc. during the third quarter valued at approximately $36,000. Allworth Financial LP lifted its holdings in shares of Phillips Edison & Company, Inc. by 94.6% during the 4th quarter. Allworth Financial LP now owns 1,621 shares of the company’s stock valued at $58,000 after acquiring an additional 788 shares in the last quarter. Blue Trust Inc. boosted its position in Phillips Edison & Company, Inc. by 24.9% during the 4th quarter. Blue Trust Inc. now owns 3,023 shares of the company’s stock worth $113,000 after purchasing an additional 603 shares during the period. Eukles Asset Management purchased a new stake in Phillips Edison & Company, Inc. during the 4th quarter worth $156,000. Finally, KBC Group NV increased its holdings in Phillips Edison & Company, Inc. by 13.4% in the 4th quarter. KBC Group NV now owns 4,424 shares of the company’s stock valued at $166,000 after purchasing an additional 522 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Down 3.0 %

Shares of NASDAQ PECO opened at $34.98 on Monday. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $40.12. The business has a 50 day moving average price of $36.12 and a two-hundred day moving average price of $37.18. The firm has a market cap of $4.38 billion, a PE ratio of 69.96, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.50. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. On average, analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a $0.1025 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.52%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 246.00%.

Analyst Ratings Changes

A number of brokerages have commented on PECO. JPMorgan Chase & Co. reduced their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Mizuho reduced their price target on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company lowered their price objective on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.83.

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.