Koshinski Asset Management Inc. Sells 697 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Koshinski Asset Management Inc. reduced its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,542 shares of the company’s stock after selling 697 shares during the period. Koshinski Asset Management Inc.’s holdings in Phillips Edison & Company, Inc. were worth $2,230,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new stake in shares of Phillips Edison & Company, Inc. in the 3rd quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new position in Phillips Edison & Company, Inc. in the third quarter worth approximately $36,000. Blue Trust Inc. grew its stake in Phillips Edison & Company, Inc. by 15.5% in the third quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock valued at $91,000 after acquiring an additional 325 shares during the period. GAMMA Investing LLC increased its holdings in shares of Phillips Edison & Company, Inc. by 31.8% during the third quarter. GAMMA Investing LLC now owns 3,330 shares of the company’s stock valued at $126,000 after acquiring an additional 803 shares in the last quarter. Finally, Tsfg LLC acquired a new position in shares of Phillips Edison & Company, Inc. during the third quarter worth approximately $127,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on PECO shares. Mizuho lifted their price target on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Wolfe Research raised shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 target price for the company in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. dropped 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 research report on Tuesday, January 7th. Three investment 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. presently has an average rating of “Moderate Buy” and an average target price of $39.50.

Phillips Edison & Company, Inc. Price Performance

Shares of PECO stock opened at $35.79 on Tuesday. The company has a market cap of $4.39 billion, a P/E ratio of 77.80, a P/E/G ratio of 2.95 and a beta of 0.59. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $40.12. The firm has a 50-day moving average of $38.13 and a 200-day moving average of $36.95.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.52). Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The company had revenue of $165.50 million during the quarter, compared to the consensus estimate of $157.20 million. During the same period in the prior year, the firm posted $0.58 EPS. The business’s revenue was up 8.5% on a year-over-year basis. As a group, research analysts expect that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.1025 per share. The ex-dividend date of this dividend 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 dividend payout ratio is 267.39%.

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.