LPL Financial LLC Grows Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

LPL Financial LLC increased its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 4.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 388,084 shares of the company’s stock after acquiring an additional 17,448 shares during the quarter. LPL Financial LLC owned about 0.31% of Phillips Edison & Company, Inc. worth $14,161,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PECO. Fifth Third Bancorp lifted its position in Phillips Edison & Company, Inc. by 78.1% in the first quarter. Fifth Third Bancorp now owns 732 shares of the company’s stock worth $27,000 after buying an additional 321 shares during the last quarter. CX Institutional bought a new stake in Phillips Edison & Company, Inc. in the first quarter worth $30,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Phillips Edison & Company, Inc. by 79.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,360 shares of the company’s stock worth $50,000 after purchasing an additional 602 shares during the last quarter. State of Wyoming bought a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter worth $54,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter worth $68,000. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Trading Down 0.9%

NASDAQ PECO opened at $33.73 on Thursday. The stock has a market cap of $4.24 billion, a PE ratio of 61.33, a P/E/G ratio of 1.16 and a beta of 0.54. Phillips Edison & Company, Inc. has a twelve month low of $32.40 and a twelve month high of $40.12. The stock has a fifty day simple moving average of $34.98 and a 200-day simple moving average of $35.46.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its earnings results on Thursday, July 24th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The company had revenue of $173.47 million during the quarter, compared to analysts’ expectations of $174.38 million. Phillips Edison & Company, Inc. had a return on equity of 2.64% and a net margin of 9.91%. Phillips Edison & Company, Inc.’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the business posted $0.59 EPS. Research 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 declared a monthly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Friday, August 15th will be paid a $0.1025 dividend. The ex-dividend date is Friday, August 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. Phillips Edison & Company, Inc.’s payout ratio is 223.64%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays assumed coverage on shares of Phillips Edison & Company, Inc. in a report on Wednesday, July 2nd. They issued an “equal weight” rating and a $37.00 target price for the company. Mizuho dropped their price target on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, July 17th. Finally, Wall Street Zen lowered Phillips Edison & Company, Inc. from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.50.

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.