4,056 Shares in Phillips Edison & Company, Inc. (NASDAQ:PECO) Bought by Gradient Investments LLC

Gradient Investments LLC acquired a new position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECOGet Rating) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,056 shares of the company’s stock, valued at approximately $139,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Phillips Edison & Company, Inc. by 579.0% during the first quarter. Vanguard Group Inc. now owns 10,505,954 shares of the company’s stock valued at $361,300,000 after acquiring an additional 8,958,751 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Phillips Edison & Company, Inc. by 443.8% during the first quarter. BlackRock Inc. now owns 7,310,113 shares of the company’s stock valued at $251,393,000 after acquiring an additional 5,965,943 shares during the last quarter. Wellington Management Group LLP lifted its position in Phillips Edison & Company, Inc. by 313.4% during the first quarter. Wellington Management Group LLP now owns 7,725,477 shares of the company’s stock worth $265,679,000 after buying an additional 5,856,834 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Phillips Edison & Company, Inc. by 59.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,416,091 shares of the company’s stock worth $151,870,000 after buying an additional 1,639,482 shares during the period. Finally, State Street Corp lifted its position in Phillips Edison & Company, Inc. by 454.2% during the first quarter. State Street Corp now owns 1,964,005 shares of the company’s stock worth $67,579,000 after buying an additional 1,609,638 shares during the period. Institutional investors and hedge funds own 72.52% of the company’s stock.

Phillips Edison & Company, Inc. Price Performance

Phillips Edison & Company, Inc. stock opened at $31.86 on Friday. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 109.86, a price-to-earnings-growth ratio of 2.02 and a beta of 0.32. Phillips Edison & Company, Inc. has a 12 month low of $28.82 and a 12 month high of $36.35. The stock’s 50-day moving average is $33.48 and its 200-day moving average is $33.76.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 17th will be given a $0.0933 dividend. This is an increase from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.09. The ex-dividend date is Friday, October 14th. This represents a $1.12 annualized dividend and a yield of 3.51%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 372.41%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PECO shares. Mizuho downgraded Phillips Edison & Company, Inc. from a “buy” rating to a “neutral” rating and set a $35.00 target price on the stock. in a research report on Thursday, July 21st. Credit Suisse Group started coverage on Phillips Edison & Company, Inc. in a research report on Wednesday, June 22nd. They set a “neutral” rating and a $34.00 target price on the stock. Morgan Stanley increased their target price on Phillips Edison & Company, Inc. from $31.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Monday, August 29th. Finally, Compass Point cut their price objective on Phillips Edison & Company, Inc. from $36.50 to $34.00 and set a “neutral” rating on the stock in a report on Wednesday, June 22nd. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Phillips Edison & Company, Inc. has a consensus rating of “Hold” and a consensus price target of $34.40.

Phillips Edison & Company, Inc. Profile

(Get Rating)

Phillips Edison & Company, Inc (PECO), an internally-managed REIT, is one of the nation's largest owners and operators of grocery-anchored shopping centers. PECO's diversified portfolio of well-occupied neighborhood shopping centers features a mix of national and regional retailers selling necessity-based goods and services in fundamentally strong markets throughout the United States.

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Institutional Ownership by Quarter for Phillips Edison & Company, Inc. (NASDAQ:PECO)

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