Caxton Associates LP Makes New Investment in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Caxton Associates LP acquired a new position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 19,548 shares of the company’s stock, valued at approximately $639,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. bought a new position in shares of Phillips Edison & Company, Inc. in the second quarter valued at approximately $26,000. Creekmur Asset Management LLC bought a new position in shares of Phillips Edison & Company, Inc. in the fourth quarter valued at approximately $32,000. Hobbs Group Advisors LLC bought a new position in shares of Phillips Edison & Company, Inc. in the second quarter valued at approximately $39,000. PFG Private Wealth Management LLC bought a new position in shares of Phillips Edison & Company, Inc. in the second quarter valued at approximately $62,000. Finally, Blue Trust Inc. grew its holdings in shares of Phillips Edison & Company, Inc. by 160.2% in the second quarter. Blue Trust Inc. now owns 2,095 shares of the company’s stock valued at $75,000 after acquiring an additional 1,290 shares in the last quarter. 80.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PECO shares. Mizuho upped their target price on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Compass Point upped 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. Finally, Wells Fargo & Company upgraded Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $34.00 to $37.00 in a research note on Wednesday, August 28th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $37.50.

Phillips Edison & Company, Inc. Trading Down 2.0 %

Phillips Edison & Company, Inc. stock opened at $37.37 on Friday. The company has a market cap of $4.57 billion, a price-to-earnings ratio of 81.24, a PEG ratio of 3.65 and a beta of 0.57. The business’s 50 day simple moving average is $36.23 and its 200 day simple moving average is $34.23. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $39.08.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its earnings results on Thursday, July 25th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.48). The company had revenue of $161.52 million for the quarter, compared to analysts’ expectations of $156.29 million. Phillips Edison & Company, Inc. had a return on equity of 2.23% and a net margin of 9.32%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 EPS. As a group, equities research analysts forecast that Phillips Edison & Company, Inc. will post 2.41 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.1025 per share. The ex-dividend date is Tuesday, October 15th. This represents a $1.23 annualized dividend and a dividend yield of 3.29%. This is an increase from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 267.39%.

Phillips Edison & Company, Inc. Company 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.