Orion Portfolio Solutions LLC Sells 3,413 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Orion Portfolio Solutions LLC lowered its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 9.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 31,222 shares of the company’s stock after selling 3,413 shares during the period. Orion Portfolio Solutions LLC’s holdings in Phillips Edison & Company, Inc. were worth $1,170,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in Phillips Edison & Company, Inc. in the 3rd quarter worth $36,000. Allworth Financial LP grew its position in shares of Phillips Edison & Company, Inc. by 94.6% during the fourth quarter. Allworth Financial LP now owns 1,621 shares of the company’s stock worth $58,000 after purchasing an additional 788 shares in the last quarter. Blue Trust Inc. raised its stake 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 valued at $113,000 after purchasing an additional 603 shares during the period. Eukles Asset Management purchased a new position in Phillips Edison & Company, Inc. in the 4th quarter worth approximately $156,000. Finally, KBC Group NV boosted its stake 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 worth $166,000 after purchasing an additional 522 shares during the period. 80.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Mizuho lowered 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 report on Tuesday, February 25th. JPMorgan Chase & Co. cut their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company decreased their target price on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $38.83.

Phillips Edison & Company, Inc. Trading Down 3.0 %

Shares of NASDAQ:PECO opened at $34.98 on Friday. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 69.96, a PEG ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The company has a 50-day moving average price of $36.12 and a 200 day moving average price of $37.20.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data 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 return on equity of 2.40% and a net margin of 9.48%. As a group, equities analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Tuesday, April 15th. 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.