Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Acquired by Entropy Technologies LP

Entropy Technologies LP lifted its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 58.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,954 shares of the company’s stock after purchasing an additional 11,083 shares during the period. Entropy Technologies LP’s holdings in Phillips Edison & Company, Inc. were worth $1,122,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. State Street Corp lifted its holdings in Phillips Edison & Company, Inc. by 0.3% during the 3rd quarter. State Street Corp now owns 7,068,684 shares of the company’s stock worth $267,289,000 after buying an additional 18,429 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Phillips Edison & Company, Inc. by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,190,836 shares of the company’s stock valued at $120,347,000 after acquiring an additional 19,205 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Phillips Edison & Company, Inc. by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,094,331 shares of the company’s stock worth $78,977,000 after purchasing an additional 102,519 shares during the last quarter. Duff & Phelps Investment Management Co. boosted its holdings in Phillips Edison & Company, Inc. by 50.1% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,474,130 shares of the company’s stock worth $55,589,000 after purchasing an additional 492,160 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in Phillips Edison & Company, Inc. by 5.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,108,716 shares of the company’s stock valued at $41,810,000 after purchasing an additional 56,897 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Wolfe Research raised Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 target price for the company in a report on Wednesday, November 13th. Mizuho raised their price target on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, Wells Fargo & Company lowered their price objective on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.50.

Phillips Edison & Company, Inc. Trading Down 1.3 %

Shares of NASDAQ PECO opened at $36.82 on Tuesday. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12. The company has a market cap of $4.51 billion, a PE ratio of 73.64, a P/E/G ratio of 1.76 and a beta of 0.58. The stock has a 50 day simple moving average of $37.33 and a 200-day simple moving average of $37.23.

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

Phillips Edison & Company, Inc. Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were given a $0.1025 dividend. This represents a yield of 3.13%. The ex-dividend date was Monday, December 16th. This is a positive change from Phillips Edison & Company, Inc.’s previous dividend of $0.10. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 246.00%.

Phillips Edison & Company, Inc. Company 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.