22,996 Shares in Phillips Edison & Company, Inc. (NASDAQ:PECO) Purchased by TCW Group Inc.

TCW Group Inc. bought a new position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) in the fourth quarter, Holdings Channel reports. The institutional investor bought 22,996 shares of the company’s stock, valued at approximately $861,000.

A number of other hedge funds have also made changes to their positions in PECO. Blue Trust Inc. increased its position in shares of Phillips Edison & Company, Inc. by 15.5% during the 3rd quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock worth $91,000 after purchasing an additional 325 shares in the last quarter. Private Advisor Group LLC grew its holdings in Phillips Edison & Company, Inc. by 6.5% during the 3rd quarter. Private Advisor Group LLC now owns 8,009 shares of the company’s stock worth $302,000 after acquiring an additional 487 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Phillips Edison & Company, Inc. by 3,092.8% during the 3rd quarter. International Assets Investment Management LLC now owns 104,117 shares of the company’s stock worth $3,926,000 after acquiring an additional 100,856 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Phillips Edison & Company, Inc. by 34.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,751 shares of the company’s stock worth $177,000 after acquiring an additional 1,230 shares during the last quarter. Finally, abrdn plc grew its holdings in Phillips Edison & Company, Inc. by 2.9% during the 3rd quarter. abrdn plc now owns 106,331 shares of the company’s stock worth $4,010,000 after acquiring an additional 3,024 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analysts Forecast Growth

PECO has been the topic of a number of research analyst reports. Mizuho increased their price objective on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. decreased their price objective on shares of 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. Wells Fargo & Company decreased their price objective on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Finally, Wolfe Research raised shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $39.50.

Phillips Edison & Company, Inc. Trading Up 0.7 %

Shares of NASDAQ PECO opened at $35.48 on Tuesday. The firm has a market capitalization of $4.44 billion, a PE ratio of 70.96, a price-to-earnings-growth ratio of 1.70 and a beta of 0.58. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12. The firm’s 50-day moving average is $36.75 and its 200-day moving average is $37.34.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. As a group, equities research analysts anticipate 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 Tuesday, April 1st. Investors of record on Monday, March 17th will be paid a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Monday, March 17th. Phillips Edison & Company, Inc.’s payout ratio is 246.00%.

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.