Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Sold by Well Done LLC

Well Done LLC lowered its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 61.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,009 shares of the company’s stock after selling 22,720 shares during the quarter. Well Done LLC’s holdings in Phillips Edison & Company, Inc. were worth $528,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. 1620 Investment Advisors Inc. acquired a new position in shares of Phillips Edison & Company, Inc. during the second quarter valued at approximately $26,000. Hobbs Group Advisors LLC purchased a new stake in shares of Phillips Edison & Company, Inc. in the second quarter valued at approximately $39,000. PFG Private Wealth Management LLC purchased a new stake in shares of Phillips Edison & Company, Inc. in the second quarter valued at approximately $62,000. Blue Trust Inc. grew its position in shares of Phillips Edison & Company, Inc. by 160.2% in the second quarter. Blue Trust Inc. now owns 2,095 shares of the company’s stock valued at $75,000 after purchasing an additional 1,290 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV purchased a new stake in shares of Phillips Edison & Company, Inc. in the first quarter valued at approximately $76,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PECO. Mizuho upped their price target on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Wells Fargo & Company upgraded Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $34.00 to $37.00 in a research report on Wednesday, August 28th. Finally, Compass Point upped their price target on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $37.50.

Phillips Edison & Company, Inc. Trading Down 0.1 %

Phillips Edison & Company, Inc. stock traded down $0.02 during mid-day trading on Friday, hitting $37.10. The company’s stock had a trading volume of 26,721 shares, compared to its average volume of 662,391. The firm has a market capitalization of $4.54 billion, a PE ratio of 80.70, a price-to-earnings-growth ratio of 3.43 and a beta of 0.57. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $39.08. The stock’s fifty day moving average is $36.84 and its two-hundred day moving average is $34.35.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.48). The business had revenue of $161.52 million during the quarter, compared to analysts’ expectations of $156.29 million. Phillips Edison & Company, Inc. had a return on equity of 2.23% and a net margin of 9.32%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 earnings per share. On average, equities analysts expect that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.1025 per share. This is a positive change from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. This represents a $1.23 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Tuesday, October 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 267.39%.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Company, Inc (PECO) is one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers.