Invesco Ltd. Increases Stock Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Invesco Ltd. raised its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 393,621 shares of the company’s stock after buying an additional 12,521 shares during the period. Invesco Ltd. owned about 0.32% of Phillips Edison & Company, Inc. worth $14,745,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Phillips Edison & Company, Inc. in the fourth quarter valued at approximately $55,977,000. JPMorgan Chase & Co. lifted its holdings in Phillips Edison & Company, Inc. by 53.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,737,423 shares of the company’s stock valued at $65,084,000 after purchasing an additional 606,055 shares in the last quarter. ExodusPoint Capital Management LP raised its position in shares of Phillips Edison & Company, Inc. by 341.1% during the 4th quarter. ExodusPoint Capital Management LP now owns 499,336 shares of the company’s stock worth $18,705,000 after purchasing an additional 386,145 shares during the last quarter. FMR LLC boosted its holdings in Phillips Edison & Company, Inc. by 14.6% in the 4th quarter. FMR LLC now owns 3,026,358 shares of the company’s stock worth $113,367,000 after buying an additional 385,983 shares during the last quarter. Finally, Aew Capital Management L P increased its stake in Phillips Edison & Company, Inc. by 47.0% during the 4th quarter. Aew Capital Management L P now owns 627,889 shares of the company’s stock worth $23,521,000 after buying an additional 200,819 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on PECO. JPMorgan Chase & Co. reduced 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 note on Tuesday, January 7th. Wells Fargo & Company decreased their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Finally, Mizuho decreased 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 note on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.83.

Phillips Edison & Company, Inc. Price Performance

Shares of PECO stock opened at $36.18 on Monday. The company has a market capitalization of $4.53 billion, a PE ratio of 72.36, a price-to-earnings-growth 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 firm’s 50-day moving average is $35.69 and its two-hundred day moving average is $36.95.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Sell-side analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Tuesday, April 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 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.