O Dell Group LLC Sells 1,554 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

O Dell Group LLC lessened its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 2.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,142 shares of the company’s stock after selling 1,554 shares during the quarter. Phillips Edison & Company, Inc. makes up about 0.5% of O Dell Group LLC’s investment portfolio, making the stock its 23rd largest position. O Dell Group LLC owned about 0.05% of Phillips Edison & Company, Inc. worth $2,403,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in Phillips Edison & Company, Inc. during the third quarter valued at $36,000. Allworth Financial LP increased its position in Phillips Edison & Company, Inc. by 94.6% during the fourth quarter. Allworth Financial LP now owns 1,621 shares of the company’s stock valued at $58,000 after acquiring an additional 788 shares during the last quarter. Blue Trust Inc. increased its position in Phillips Edison & Company, Inc. by 24.9% during the fourth quarter. Blue Trust Inc. now owns 3,023 shares of the company’s stock valued at $113,000 after acquiring an additional 603 shares during the last quarter. KBC Group NV increased its position in Phillips Edison & Company, Inc. by 21.9% during the third quarter. KBC Group NV now owns 3,902 shares of the company’s stock valued at $147,000 after acquiring an additional 700 shares during the last quarter. Finally, Eukles Asset Management bought a new position in Phillips Edison & Company, Inc. during the fourth quarter valued at $156,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wolfe Research upgraded shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a research report on Wednesday, November 13th. JPMorgan Chase & Co. cut 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 report on Tuesday, January 7th. Mizuho cut their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. Finally, Wells Fargo & Company cut their price target on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Phillips Edison & Company, Inc. currently has an average rating of “Moderate Buy” and an average target price of $39.00.

Phillips Edison & Company, Inc. Price Performance

Shares of Phillips Edison & Company, Inc. stock opened at $35.51 on Tuesday. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12. The firm’s 50-day moving average is $36.42 and its two-hundred day moving average is $37.43. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 71.02, a PEG ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.12 by $0.50. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. On average, equities analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be given a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Monday, March 17th. Phillips Edison & Company, Inc.’s payout ratio is 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.