Strs Ohio Sells 800 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Strs Ohio reduced its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,100 shares of the company’s stock after selling 800 shares during the quarter. Strs Ohio’s holdings in Phillips Edison & Company, Inc. were worth $879,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of PECO. FMR LLC boosted its stake in Phillips Edison & Company, Inc. by 4.0% in the third quarter. FMR LLC now owns 4,874,206 shares of the company’s stock worth $163,481,000 after purchasing an additional 186,651 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Phillips Edison & Company, Inc. by 2,331.3% during the 4th quarter. International Assets Investment Management LLC now owns 137,201 shares of the company’s stock worth $5,005,000 after acquiring an additional 131,558 shares during the last quarter. Invesco Ltd. increased its position in Phillips Edison & Company, Inc. by 42.1% in the 3rd quarter. Invesco Ltd. now owns 392,637 shares of the company’s stock valued at $13,169,000 after acquiring an additional 116,369 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Phillips Edison & Company, Inc. by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,727,398 shares of the company’s stock valued at $57,937,000 after acquiring an additional 107,214 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Phillips Edison & Company, Inc. by 1.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,207,617 shares of the company’s stock worth $174,663,000 after acquiring an additional 99,383 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PECO has been the topic of several research analyst reports. Mizuho raised shares of Phillips Edison & Company, Inc. from a “neutral” rating to a “buy” rating and increased their price target for the company from $35.00 to $37.00 in a research note on Friday, February 23rd. Deutsche Bank Aktiengesellschaft started coverage on Phillips Edison & Company, Inc. in a research note on Tuesday, January 30th. They issued a “buy” rating and a $41.00 target price for the company. Finally, 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to 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. Stock Performance

PECO opened at $33.23 on Thursday. The company has a fifty day moving average price of $34.68 and a two-hundred day moving average price of $35.05. The firm has a market capitalization of $4.06 billion, a PE ratio of 72.24, a P/E/G ratio of 3.75 and a beta of 0.55. Phillips Edison & Company, Inc. has a 52 week low of $27.85 and a 52 week high of $37.92.

Phillips Edison & Company, Inc. Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a $0.0975 dividend. This is a positive change from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. This represents a $1.17 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Friday, April 12th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) 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.