Phillips Edison & Company, Inc. (NASDAQ:PECO) Position Increased by International Assets Investment Management LLC

International Assets Investment Management LLC raised its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 2,331.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 137,201 shares of the company’s stock after buying an additional 131,558 shares during the period. International Assets Investment Management LLC’s holdings in Phillips Edison & Company, Inc. were worth $5,005,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PECO. Public Employees Retirement System of Ohio lifted its position in shares of Phillips Edison & Company, Inc. by 46.4% in the third 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 lifted its position in shares of Phillips Edison & Company, Inc. by 207.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,543 shares of the company’s stock worth $56,000 after purchasing an additional 1,041 shares in the last quarter. Retirement Financial Solutions LLC purchased a new stake in shares of Phillips Edison & Company, Inc. in the fourth quarter worth approximately $202,000. Realta Investment Advisors purchased a new stake in shares of Phillips Edison & Company, Inc. in the fourth quarter worth approximately $208,000. Finally, Kestra Private Wealth Services LLC purchased a new stake in shares of Phillips Edison & Company, Inc. in the third quarter worth approximately $215,000. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Stock Down 1.0 %

Shares of PECO stock opened at $33.10 on Thursday. Phillips Edison & Company, Inc. has a 12 month low of $27.85 and a 12 month high of $37.92. The business’s 50 day moving average is $34.36 and its two-hundred day moving average is $34.97. The company has a market cap of $4.05 billion, a PE ratio of 71.96, a price-to-earnings-growth ratio of 3.92 and a beta of 0.59.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be issued a dividend of $0.0975 per share. The ex-dividend date is Monday, July 15th. This represents a $1.17 annualized dividend and a yield of 3.53%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 254.35%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, January 30th. They issued a “buy” rating and a $41.00 price target for the company. Mizuho upgraded Phillips Edison & Company, Inc. from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $35.00 to $37.00 in a report on Friday, February 23rd. JPMorgan Chase & Co. dropped their price objective on 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. Finally, Compass Point dropped their price objective on Phillips Edison & Company, Inc. from $39.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $38.14.

About Phillips Edison & Company, Inc.

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.