BNP Paribas Financial Markets Invests $591,000 in Phillips Edison & Company, Inc. (NASDAQ:PECO)

BNP Paribas Financial Markets purchased a new position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,766 shares of the company’s stock, valued at approximately $591,000.

Other institutional investors have also modified their holdings of the company. American Trust Investment Advisors LLC raised its position in shares of Phillips Edison & Company, Inc. by 26.9% during the 4th quarter. American Trust Investment Advisors LLC now owns 20,120 shares of the company’s stock worth $754,000 after purchasing an additional 4,260 shares during the last quarter. 4WEALTH Advisors Inc. acquired a new stake in shares of Phillips Edison & Company, Inc. during the 4th quarter worth $243,000. Kapitalo Investimentos Ltda purchased a new stake in Phillips Edison & Company, Inc. during the 4th quarter worth $68,000. Northern Trust Corp boosted its position in Phillips Edison & Company, Inc. by 26.7% during the 4th quarter. Northern Trust Corp now owns 1,690,805 shares of the company’s stock worth $63,338,000 after purchasing an additional 356,368 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Phillips Edison & Company, Inc. during the 4th quarter worth $2,921,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on PECO. Mizuho decreased their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. Wells Fargo & Company dropped their price objective 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.83.

Phillips Edison & Company, Inc. Trading Down 0.6%

Shares of NASDAQ:PECO opened at $33.94 on Friday. The firm’s 50 day moving average is $35.38 and its two-hundred day moving average is $36.67. Phillips Edison & Company, Inc. has a 52 week low of $30.62 and a 52 week high of $40.12. The firm has a market capitalization of $4.26 billion, a P/E ratio of 67.88, a PEG ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. The business had revenue of $178.31 million during the quarter, compared to analysts’ expectations of $170.59 million. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. The business’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm posted $0.60 earnings per share. Analysts predict that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be issued a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Monday, June 16th. Phillips Edison & Company, Inc.’s payout ratio is 215.79%.

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.