MetLife Investment Management LLC Purchases 4,281 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

MetLife Investment Management LLC grew its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,874 shares of the company’s stock after purchasing an additional 4,281 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of Phillips Edison & Company, Inc. worth $2,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of PECO. Allworth Financial LP boosted its holdings in Phillips Edison & Company, Inc. by 94.6% in the 4th quarter. Allworth Financial LP now owns 1,621 shares of the company’s stock worth $58,000 after buying an additional 788 shares during the period. FIL Ltd boosted its stake in shares of Phillips Edison & Company, Inc. by 17.8% in the fourth quarter. FIL Ltd now owns 2,155 shares of the company’s stock worth $81,000 after acquiring an additional 325 shares during the period. Blue Trust Inc. boosted its stake in shares of Phillips Edison & Company, Inc. by 24.9% in the fourth quarter. Blue Trust Inc. now owns 3,023 shares of the company’s stock worth $113,000 after acquiring an additional 603 shares during the period. Sterling Capital Management LLC grew its position in shares of Phillips Edison & Company, Inc. by 784.3% during the fourth quarter. Sterling Capital Management LLC now owns 3,387 shares of the company’s stock worth $127,000 after purchasing an additional 3,004 shares in the last quarter. Finally, Eukles Asset Management bought a new stake in Phillips Edison & Company, Inc. during the 4th quarter valued at approximately $156,000. 80.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on PECO. JPMorgan Chase & Co. cut their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Wells Fargo & Company cut their target price 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 note on Wednesday, March 26th. Finally, Mizuho decreased their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $38.83.

Phillips Edison & Company, Inc. Stock Down 0.4 %

Phillips Edison & Company, Inc. stock opened at $35.08 on Friday. Phillips Edison & Company, Inc. has a 52-week low of $30.62 and a 52-week high of $40.12. The firm’s fifty day moving average is $35.57 and its 200 day moving average is $36.92. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 70.16, a PEG ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.50. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. On average, equities research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Tuesday, April 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 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.