Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lessened its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,086 shares of the company’s stock after selling 1,415 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Phillips Edison & Company, Inc. were worth $1,316,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. ClariVest Asset Management LLC raised its stake in shares of Phillips Edison & Company, Inc. by 73,077.5% in the 3rd quarter. ClariVest Asset Management LLC now owns 29,271 shares of the company’s stock valued at $981,000 after purchasing an additional 29,231 shares in the last quarter. LPL Financial LLC raised its stake in shares of Phillips Edison & Company, Inc. by 36.9% in the 3rd quarter. LPL Financial LLC now owns 348,035 shares of the company’s stock valued at $11,673,000 after purchasing an additional 93,719 shares in the last quarter. Mutual of America Capital Management LLC grew its position in shares of Phillips Edison & Company, Inc. by 54.2% during the 3rd quarter. Mutual of America Capital Management LLC now owns 78,593 shares of the company’s stock valued at $2,636,000 after buying an additional 27,641 shares during the last quarter. FMR LLC grew its position in shares of Phillips Edison & Company, Inc. by 4.0% during the 3rd quarter. FMR LLC now owns 4,874,206 shares of the company’s stock valued at $163,481,000 after buying an additional 186,651 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its position in shares of Phillips Edison & Company, Inc. by 7.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 294,243 shares of the company’s stock valued at $10,905,000 after buying an additional 21,481 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Up 0.7 %

NASDAQ PECO opened at $33.49 on Wednesday. Phillips Edison & Company, Inc. has a 52 week low of $27.85 and a 52 week high of $37.92. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 72.81, a price-to-earnings-growth ratio of 3.75 and a beta of 0.55. The company has a 50-day moving average price of $34.70 and a two-hundred day moving average price of $35.06.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a $0.0975 dividend. This is a boost from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.17 annualized dividend and a yield of 3.49%. Phillips Edison & Company, Inc.’s dividend payout ratio is 254.35%.

Analysts Set New Price Targets

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

Phillips Edison & Company, Inc. 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.