Prime Capital Investment Advisors LLC Sells 13,495 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Prime Capital Investment Advisors LLC lessened its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 7.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 172,903 shares of the company’s stock after selling 13,495 shares during the period. Prime Capital Investment Advisors LLC owned 0.14% of Phillips Edison & Company, Inc. worth $5,656,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of PECO. Russell Investments Group Ltd. lifted its holdings in Phillips Edison & Company, Inc. by 56.4% during the 4th quarter. Russell Investments Group Ltd. now owns 25,110 shares of the company’s stock worth $916,000 after buying an additional 9,057 shares during the period. Private Advisor Group LLC acquired a new position in shares of Phillips Edison & Company, Inc. in the fourth quarter worth approximately $264,000. Dimensional Fund Advisors LP boosted its holdings in Phillips Edison & Company, Inc. by 33.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 918,665 shares of the company’s stock valued at $33,513,000 after acquiring an additional 232,191 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Phillips Edison & Company, Inc. by 1.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 72,099 shares of the company’s stock valued at $2,578,000 after purchasing an additional 1,315 shares during the period. Finally, Quadrant Capital Group LLC raised its holdings in Phillips Edison & Company, Inc. by 197.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,190 shares of the company’s stock worth $43,000 after purchasing an additional 790 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

Analyst Ratings Changes

PECO has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, May 29th. Mizuho increased their price target on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Compass Point boosted their price objective on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Finally, Wells Fargo & Company upgraded Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $34.00 to $37.00 in a research report on Wednesday, August 28th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $37.50.

Phillips Edison & Company, Inc. Trading Up 1.5 %

Shares of NASDAQ PECO opened at $38.93 on Monday. The firm has a market capitalization of $4.77 billion, a P/E ratio of 84.63, a P/E/G ratio of 3.55 and a beta of 0.57. The firm’s 50-day moving average price is $35.39 and its 200-day moving average price is $34.05. Phillips Edison & Company, Inc. has a 1-year low of $30.62 and a 1-year high of $39.00.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.48). Phillips Edison & Company, Inc. had a return on equity of 2.23% and a net margin of 9.32%. The firm had revenue of $161.52 million for the quarter, compared to analyst estimates of $156.29 million. During the same period last year, the company posted $0.59 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. Equities research analysts forecast that Phillips Edison & Company, Inc. will post 2.41 EPS for the current year.

Phillips Edison & Company, Inc. Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be given a $0.1025 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.23 annualized dividend and a yield of 3.16%. This is an increase from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 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.