Cerity Partners LLC Has $1.30 Million Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Cerity Partners LLC grew its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 30.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,510 shares of the company’s stock after purchasing an additional 8,284 shares during the quarter. Cerity Partners LLC’s holdings in Phillips Edison & Company, Inc. were worth $1,295,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Geneos Wealth Management Inc. boosted its stake in Phillips Edison & Company, Inc. by 19.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 81,011 shares of the company’s stock worth $2,955,000 after purchasing an additional 13,379 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Phillips Edison & Company, Inc. by 2,331.3% during the fourth quarter. International Assets Investment Management LLC now owns 137,201 shares of the company’s stock valued at $5,005,000 after acquiring an additional 131,558 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Phillips Edison & Company, Inc. by 0.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,862 shares of the company’s stock valued at $2,074,000 after acquiring an additional 306 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of Phillips Edison & Company, Inc. by 7.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 294,243 shares of the company’s stock valued at $10,905,000 after acquiring an additional 21,481 shares during the period. Finally, StrategIQ Financial Group LLC lifted its stake in shares of Phillips Edison & Company, Inc. by 2.5% during the fourth quarter. StrategIQ Financial Group LLC now owns 22,364 shares of the company’s stock valued at $816,000 after acquiring an additional 547 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PECO shares. JPMorgan Chase & Co. cut their price target on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Mizuho raised Phillips Edison & Company, Inc. from a “neutral” rating to a “buy” rating and upped their price target for the company from $35.00 to $37.00 in a research note on Friday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft started coverage on Phillips Edison & Company, Inc. in a research note on Tuesday, January 30th. They set a “buy” rating and a $41.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $38.14.

Phillips Edison & Company, Inc. Trading Up 1.9 %

NASDAQ PECO opened at $33.02 on Friday. The stock has a 50-day simple moving average of $34.76 and a 200 day simple moving average of $35.05. The company has a market capitalization of $4.04 billion, a PE ratio of 71.78, a P/E/G ratio of 3.65 and a beta of 0.55. Phillips Edison & Company, Inc. has a 12 month low of $27.85 and a 12 month high of $37.92.

Phillips Edison & Company, Inc. Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a $0.0975 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Friday, April 12th. This is an increase from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 254.35%.

Phillips Edison & Company, Inc. Company Profile

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.