FJ Capital Management LLC Has $1.06 Million Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

FJ Capital Management LLC cut its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,189 shares of the company’s stock after selling 296 shares during the quarter. FJ Capital Management LLC’s holdings in Phillips Edison & Company, Inc. were worth $1,056,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PECO. Allworth Financial LP raised its stake in Phillips Edison & Company, Inc. by 94.6% in the fourth quarter. Allworth Financial LP now owns 1,621 shares of the company’s stock valued at $58,000 after purchasing an additional 788 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in Phillips Edison & Company, Inc. during the 4th quarter valued at approximately $68,000. FIL Ltd boosted its position in Phillips Edison & Company, Inc. by 17.8% during the fourth quarter. FIL Ltd now owns 2,155 shares of the company’s stock valued at $81,000 after acquiring an additional 325 shares during the last quarter. Blue Trust Inc. grew its stake in Phillips Edison & Company, Inc. by 24.9% during the fourth quarter. Blue Trust Inc. now owns 3,023 shares of the company’s stock worth $113,000 after purchasing an additional 603 shares during the period. Finally, Sterling Capital Management LLC lifted its position in shares of Phillips Edison & Company, Inc. by 784.3% during the 4th quarter. Sterling Capital Management LLC now owns 3,387 shares of the company’s stock valued at $127,000 after acquiring an additional 3,004 shares during the period. 80.70% of the stock is owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Trading Down 0.8 %

NASDAQ PECO opened at $35.23 on Friday. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The company’s 50 day moving average is $35.41 and its two-hundred day moving average is $36.82. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 70.47, a PEG ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. Phillips Edison & Company, Inc. had a return on equity of 2.40% and a net margin of 9.48%. The business had revenue of $178.31 million during the quarter, compared to analyst estimates of $170.59 million. During the same period last year, the company earned $0.60 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Sell-side analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Friday, May 16th will be paid a $0.1025 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.49%. Phillips Edison & Company, Inc.’s payout ratio is currently 215.79%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PECO shares. Mizuho reduced their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. Wells Fargo & Company dropped their price objective on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Phillips Edison & Company, Inc. has an average rating of “Moderate Buy” and a consensus price target of $38.83.

Phillips Edison & Company, Inc. 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.