Foresight Group Ltd Liability Partnership Takes Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Foresight Group Ltd Liability Partnership bought a new position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 35,529 shares of the company’s stock, valued at approximately $1,322,000. Phillips Edison & Company, Inc. comprises 0.8% of Foresight Group Ltd Liability Partnership’s portfolio, making the stock its 17th biggest position.

Other institutional investors also recently bought and sold shares of the company. Duff & Phelps Investment Management Co. bought a new position in shares of Phillips Edison & Company, Inc. during the 2nd quarter valued at approximately $32,120,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Phillips Edison & Company, Inc. by 408.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 765,822 shares of the company’s stock valued at $28,879,000 after acquiring an additional 615,076 shares during the last quarter. Millennium Management LLC bought a new stake in Phillips Edison & Company, Inc. during the second quarter worth approximately $8,397,000. Dimensional Fund Advisors LP increased its stake in Phillips Edison & Company, Inc. by 16.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,250,731 shares of the company’s stock worth $40,911,000 after acquiring an additional 179,775 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Phillips Edison & Company, Inc. by 578.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 139,146 shares of the company’s stock valued at $5,247,000 after purchasing an additional 118,640 shares during the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Trading Up 1.3 %

PECO opened at $35.93 on Friday. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12. The business’s fifty day simple moving average is $38.27 and its 200-day simple moving average is $36.85. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 78.11, a PEG ratio of 2.94 and a beta of 0.59.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its earnings results on Thursday, October 24th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.52). The business had revenue of $165.50 million for the quarter, compared to analysts’ expectations of $157.20 million. Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the business posted $0.58 EPS. On average, equities research analysts predict that Phillips Edison & Company, Inc. will post 2.43 EPS for the current year.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were issued a $0.1025 dividend. This is a boost from Phillips Edison & Company, Inc.’s previous dividend of $0.10. This represents a dividend yield of 3.13%. The ex-dividend date of this dividend was Monday, December 16th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 267.39%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PECO shares. JPMorgan Chase & Co. dropped their price objective on shares of 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. Wolfe Research raised shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price target for the company in a research note on Wednesday, November 13th. Finally, Mizuho increased their price objective on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.50.

About Phillips Edison & Company, Inc.

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.