Los Angeles Capital Management LLC Raises Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Los Angeles Capital Management LLC lifted its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 5.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 25,803 shares of the company’s stock after acquiring an additional 1,369 shares during the period. Los Angeles Capital Management LLC’s holdings in Phillips Edison & Company, Inc. were worth $967,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of PECO. Bank of New York Mellon Corp lifted its holdings in shares of Phillips Edison & Company, Inc. by 0.5% during the fourth quarter. Bank of New York Mellon Corp now owns 969,592 shares of the company’s stock worth $36,321,000 after purchasing an additional 5,033 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter worth about $657,000. World Equity Group Inc. lifted its holdings in shares of Phillips Edison & Company, Inc. by 100.0% during the fourth quarter. World Equity Group Inc. now owns 11,872 shares of the company’s stock worth $445,000 after purchasing an additional 5,936 shares during the period. TCW Group Inc. acquired a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter worth about $861,000. Finally, Handelsbanken Fonder AB lifted its holdings in Phillips Edison & Company, Inc. by 3.4% in the fourth quarter. Handelsbanken Fonder AB now owns 42,100 shares of the company’s stock valued at $1,577,000 after acquiring an additional 1,400 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Price Performance

Phillips Edison & Company, Inc. stock opened at $37.20 on Friday. The stock has a market capitalization of $4.66 billion, a PE ratio of 74.40, a price-to-earnings-growth ratio of 1.70 and a beta of 0.58. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The business has a 50 day simple moving average of $36.61 and a 200-day simple moving average of $37.37.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.62 EPS for the quarter, beating 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%. On average, equities research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be given a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Monday, March 17th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 246.00%.

Wall Street Analyst Weigh In

PECO has been the subject of a number of analyst reports. Mizuho decreased their price target on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. Wolfe Research raised 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 report on Wednesday, November 13th. JPMorgan Chase & Co. decreased their price target on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, Wells Fargo & Company decreased their price target on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

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.