Orion Portfolio Solutions LLC Grows Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Orion Portfolio Solutions LLC grew its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 12.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,635 shares of the company’s stock after purchasing an additional 3,902 shares during the period. Orion Portfolio Solutions LLC’s holdings in Phillips Edison & Company, Inc. were worth $1,306,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of PECO. Duff & Phelps Investment Management Co. purchased a new stake in Phillips Edison & Company, Inc. in the 2nd quarter worth approximately $32,120,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Phillips Edison & Company, Inc. by 408.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 765,822 shares of the company’s stock worth $28,879,000 after purchasing an additional 615,076 shares in the last quarter. Millennium Management LLC purchased a new stake in Phillips Edison & Company, Inc. in the 2nd quarter worth approximately $8,397,000. Dimensional Fund Advisors LP boosted its position in Phillips Edison & Company, Inc. by 16.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,250,731 shares of the company’s stock worth $40,911,000 after purchasing an additional 179,775 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in Phillips Edison & Company, Inc. by 578.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 139,146 shares of the company’s stock worth $5,247,000 after purchasing an additional 118,640 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wolfe Research raised 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 note on Wednesday, November 13th. Wells Fargo & Company raised Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $34.00 to $37.00 in a research note on Wednesday, August 28th. Mizuho upped their target price on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, Compass Point increased their price objective on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $39.14.

Phillips Edison & Company, Inc. Price Performance

Shares of PECO opened at $39.20 on Friday. Phillips Edison & Company, Inc. has a 52-week low of $30.62 and a 52-week high of $40.12. The company has a market capitalization of $4.81 billion, a PE ratio of 85.22, a price-to-earnings-growth ratio of 3.58 and a beta of 0.57. The stock has a fifty day simple moving average of $38.23 and a two-hundred day simple moving average of $35.99.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results on Thursday, October 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.52). Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The company had revenue of $165.50 million during the quarter, compared to analyst estimates of $157.20 million. During the same period last year, the business earned $0.58 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. As a group, 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 business also recently announced a monthly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Tuesday, February 18th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) 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.