Twinbeech Capital LP Lowers Stake in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Twinbeech Capital LP lowered its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 55.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 20,597 shares of the company’s stock after selling 25,371 shares during the period. Twinbeech Capital LP’s holdings in Phillips Edison & Company, Inc. were worth $772,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. State of Wyoming purchased a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter worth approximately $54,000. Allworth Financial LP boosted its position in shares of Phillips Edison & Company, Inc. by 94.6% during the 4th quarter. Allworth Financial LP now owns 1,621 shares of the company’s stock worth $58,000 after purchasing an additional 788 shares during the period. Kapitalo Investimentos Ltda purchased a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter worth approximately $68,000. FIL Ltd boosted its position in shares of Phillips Edison & Company, Inc. by 17.8% during the 4th quarter. FIL Ltd now owns 2,155 shares of the company’s stock worth $81,000 after purchasing an additional 325 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Phillips Edison & Company, Inc. by 24.9% during the 4th 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. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Analyst Ratings Changes

PECO has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their price objective on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. Mizuho decreased their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. Three 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. currently has a consensus rating of “Moderate Buy” and an average target price of $38.83.

Phillips Edison & Company, Inc. Stock Down 3.1%

Shares of PECO stock opened at $34.35 on Thursday. 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 capitalization of $4.31 billion, a PE ratio of 68.70, a P/E/G ratio of 1.70 and a beta of 0.57. The firm has a 50 day moving average of $35.43 and a two-hundred day moving average of $36.73.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. The company had revenue of $178.31 million during the quarter, compared to analysts’ expectations of $170.59 million. During the same quarter last year, the company posted $0.60 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. Analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be issued a $0.1025 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.58%. Phillips Edison & Company, Inc.’s payout ratio is 215.79%.

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.