17,535 Shares in Phillips Edison & Company, Inc. (NASDAQ:PECO) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,535 shares of the company’s stock, valued at approximately $657,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. M&T Bank Corp increased its position in Phillips Edison & Company, Inc. by 2.9% during the third quarter. M&T Bank Corp now owns 10,883 shares of the company’s stock worth $410,000 after acquiring an additional 307 shares during the period. State of Alaska Department of Revenue increased its position in Phillips Edison & Company, Inc. by 0.3% during the fourth quarter. State of Alaska Department of Revenue now owns 128,465 shares of the company’s stock worth $4,811,000 after acquiring an additional 344 shares during the period. Private Advisor Group LLC increased its position in Phillips Edison & Company, Inc. by 6.5% during the third 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 period. Exchange Traded Concepts LLC increased its position in Phillips Edison & Company, Inc. by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 20,185 shares of the company’s stock worth $756,000 after acquiring an additional 510 shares during the period. Finally, KBC Group NV increased its position in Phillips Edison & Company, Inc. by 13.4% during the fourth quarter. KBC Group NV now owns 4,424 shares of the company’s stock worth $166,000 after acquiring an additional 522 shares during the period. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ:PECO opened at $37.20 on Friday. Phillips Edison & Company, Inc. has a 52 week low of $30.62 and a 52 week high of $40.12. The company’s fifty day moving average is $36.61 and its 200-day moving average is $37.35. The company has a market capitalization of $4.66 billion, a PE ratio of 74.40, a P/E/G ratio of 1.70 and a beta of 0.58.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results on Thursday, February 6th. The company reported $0.62 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%. On average, analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be paid a $0.1025 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.23 annualized dividend and a dividend yield of 3.31%. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 246.00%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on PECO shares. Mizuho dropped their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday. Wolfe Research upgraded shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price target on the stock in a research note on Wednesday, November 13th. JPMorgan Chase & Co. decreased their price target on shares of 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. Finally, Wells Fargo & Company decreased their price target on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Three 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 has a consensus rating of “Moderate Buy” and an average target price of $39.00.

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.