Cwm LLC Has $1.02 Million Stock Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Cwm LLC lowered its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 11.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,929 shares of the company’s stock after selling 3,784 shares during the quarter. Cwm LLC’s holdings in Phillips Edison & Company, Inc. were worth $1,019,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio increased its position in shares of Phillips Edison & Company, Inc. by 46.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 868 shares of the company’s stock worth $29,000 after purchasing an additional 275 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in Phillips Edison & Company, Inc. by 207.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,543 shares of the company’s stock worth $56,000 after acquiring an additional 1,041 shares during the last quarter. Legacy Financial Group LLC bought a new stake in Phillips Edison & Company, Inc. during the 3rd quarter worth about $64,000. Retirement Financial Solutions LLC bought a new stake in Phillips Edison & Company, Inc. during the 4th quarter worth about $202,000. Finally, Realta Investment Advisors bought a new stake in Phillips Edison & Company, Inc. during the 4th quarter worth about $208,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Price Performance

Phillips Edison & Company, Inc. stock opened at $32.61 on Monday. The company’s 50 day simple moving average is $34.60 and its 200 day simple moving average is $35.04. Phillips Edison & Company, Inc. has a fifty-two week low of $27.85 and a fifty-two week high of $37.92. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 70.89, a PEG ratio of 3.69 and a beta of 0.55.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a dividend of $0.0975 per share. This is a positive change from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. The ex-dividend date is Friday, April 12th. This represents a $1.17 annualized dividend and a yield of 3.59%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 254.35%.

Wall Street Analyst Weigh In

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

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.