Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Bought by Calton & Associates Inc.

by · The Cerbat Gem

Calton & Associates Inc. lifted its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO – Free Report) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,233 shares of the company’s stock after buying an additional 641 shares during the quarter. Calton & Associates Inc.’s holdings in Phillips Edison & Company, Inc. were worth $1,404,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. 1620 Investment Advisors Inc. purchased a new stake in shares of Phillips Edison & Company, Inc. during the 2nd quarter worth approximately $26,000. V Square Quantitative Management LLC purchased a new position in Phillips Edison & Company, Inc. during the 3rd quarter worth $28,000. Hobbs Group Advisors LLC acquired a new position in shares of Phillips Edison & Company, Inc. during the 2nd quarter worth $39,000. PFG Private Wealth Management LLC acquired a new position in shares of Phillips Edison & Company, Inc. during the 2nd quarter worth $62,000. Finally, Blue Trust Inc. grew its stake in Phillips Edison & Company, Inc. by 160.2% in the 2nd quarter. Blue Trust Inc. now owns 2,095 shares of the company’s stock valued at $75,000 after acquiring an additional 1,290 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

PECO has been the topic of a number of research reports. Mizuho increased their price objective on shares of Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Compass Point increased their price objective on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Finally, Wells Fargo & Company upgraded shares of Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $34.00 to $37.00 in a 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. According to MarketBeat, Phillips Edison & Company, Inc. has an average rating of “Hold” and a consensus target price of $37.50.

Check Out Our Latest Stock Analysis on Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc. Stock Performance

Phillips Edison & Company, Inc. stock remained flat at $36.64 during mid-day trading on Tuesday. 136 shares of the company’s stock were exchanged, compared to its average volume of 661,055. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 79.65, a price-to-earnings-growth ratio of 3.45 and a beta of 0.57. The firm’s fifty day moving average is $36.93 and its 200 day moving average is $34.39. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $39.08.

Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.48). The business had revenue of $161.52 million during the quarter, compared to analyst estimates of $156.29 million. Phillips Edison & Company, Inc. had a return on equity of 2.23% and a net margin of 9.32%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS. 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 business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.36%. This is an increase from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, October 15th. Phillips Edison & Company, Inc.’s payout ratio is 267.39%.

Phillips Edison & Company, Inc. Profile

(Free Report)

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.

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