Swiss National Bank Has $8.44 Million Stake in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Swiss National Bank reduced its stake in Phillips Edison & Company, Inc. (NASDAQ:PECOFree Report) by 10.3% in the 4th quarter, Holdings Channel reports. The firm owned 231,400 shares of the company’s stock after selling 26,500 shares during the period. Swiss National Bank’s holdings in Phillips Edison & Company, Inc. were worth $8,441,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio lifted its stake 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 buying an additional 275 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in 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. Strs Ohio grew its position in shares of Phillips Edison & Company, Inc. by 1.6% in the third quarter. Strs Ohio now owns 24,900 shares of the company’s stock valued at $835,000 after purchasing an additional 400 shares during the last quarter. Silver Oak Securities Incorporated increased its stake in shares of Phillips Edison & Company, Inc. by 1.5% in the third quarter. Silver Oak Securities Incorporated now owns 28,770 shares of the company’s stock worth $965,000 after purchasing an additional 414 shares during the period. Finally, Arizona State Retirement System lifted its position in shares of Phillips Edison & Company, Inc. by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 33,399 shares of the company’s stock worth $1,120,000 after purchasing an additional 460 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Price Performance

Shares of Phillips Edison & Company, Inc. stock opened at $32.87 on Tuesday. Phillips Edison & Company, Inc. has a 52-week low of $27.85 and a 52-week high of $37.92. The firm has a market capitalization of $4.02 billion, a PE ratio of 71.46, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. The company’s fifty day moving average price is $34.15 and its two-hundred day moving average price is $34.94.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be given a dividend of $0.0975 per share. The ex-dividend date is Monday, July 15th. This represents a $1.17 annualized dividend and a dividend yield of 3.56%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 254.35%.

Analyst Ratings Changes

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

View Our Latest Report on Phillips Edison & Company, Inc.

About Phillips Edison & Company, Inc.

(Free Report)

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.

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Institutional Ownership by Quarter for Phillips Edison & Company, Inc. (NASDAQ:PECO)

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