Stonebridge Financial Group LLC Invests $402,000 in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Stonebridge Financial Group LLC acquired a new stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 10,731 shares of the company’s stock, valued at approximately $402,000.

A number of other large investors also recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new stake in Phillips Edison & Company, Inc. during the 3rd quarter valued at $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of Phillips Edison & Company, Inc. during the 3rd quarter worth $36,000. Blue Trust Inc. boosted its position in Phillips Edison & Company, Inc. by 15.5% during the third quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock valued at $91,000 after purchasing an additional 325 shares in the last quarter. Tsfg LLC purchased a new position in Phillips Edison & Company, Inc. in the third quarter valued at about $127,000. Finally, KBC Group NV raised its holdings in Phillips Edison & Company, Inc. by 21.9% in the third quarter. KBC Group NV now owns 3,902 shares of the company’s stock worth $147,000 after purchasing an additional 700 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

Analysts Set New Price Targets

PECO has been the topic of a number of analyst reports. Mizuho lifted 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. 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 report on Wednesday, November 13th. JPMorgan Chase & Co. lowered their target price 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. 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 research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Phillips Edison & Company, Inc. has a consensus rating of “Moderate Buy” and an average target price of $39.50.

Phillips Edison & Company, Inc. Stock Up 0.8 %

Shares of NASDAQ:PECO opened at $37.12 on Wednesday. Phillips Edison & Company, Inc. has a 52-week low of $30.62 and a 52-week high of $40.12. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 74.24, a PEG ratio of 1.76 and a beta of 0.58. The business has a 50-day moving average price of $37.30 and a 200-day moving average price of $37.25.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted 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 net margin of 9.48% and a return on equity of 2.40%. As a group, equities analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

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