Arete Wealth Advisors LLC Reduces Stock Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Arete Wealth Advisors LLC lessened its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 19.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,928 shares of the company’s stock after selling 5,464 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Phillips Edison & Company, Inc. were worth $858,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Legacy Investment Solutions LLC acquired a new position in shares of Phillips Edison & Company, Inc. during the 3rd quarter worth about $36,000. Allworth Financial LP grew its position in Phillips Edison & Company, Inc. by 94.6% in the fourth quarter. Allworth Financial LP now owns 1,621 shares of the company’s stock worth $58,000 after acquiring an additional 788 shares during the period. Blue Trust Inc. lifted its position in Phillips Edison & Company, Inc. by 24.9% in the fourth quarter. Blue Trust Inc. now owns 3,023 shares of the company’s stock valued at $113,000 after buying an additional 603 shares during the last quarter. Eukles Asset Management acquired a new stake in Phillips Edison & Company, Inc. in the 4th quarter valued at approximately $156,000. Finally, KBC Group NV raised its holdings in shares of Phillips Edison & Company, Inc. by 13.4% in the 4th quarter. KBC Group NV now owns 4,424 shares of the company’s stock valued at $166,000 after buying an additional 522 shares during the period. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Phillips Edison & Company, Inc. Price Performance

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

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.62 EPS for the quarter, topping 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%. Research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.1025 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.52%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 246.00%.

Phillips Edison & Company, Inc. 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.