Dimensional Fund Advisors LP Purchases 232,191 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Dimensional Fund Advisors LP lifted its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECOFree Report) by 33.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 918,665 shares of the company’s stock after buying an additional 232,191 shares during the period. Dimensional Fund Advisors LP owned approximately 0.77% of Phillips Edison & Company, Inc. worth $33,513,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. NBC Securities Inc. raised its position in Phillips Edison & Company, Inc. by 11.6% in the fourth quarter. NBC Securities Inc. now owns 9,670 shares of the company’s stock worth $352,000 after acquiring an additional 1,003 shares during the period. ClariVest Asset Management LLC raised its holdings 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 worth $981,000 after purchasing an additional 29,231 shares during the period. LPL Financial LLC lifted its position in shares of Phillips Edison & Company, Inc. by 36.9% during the 3rd quarter. LPL Financial LLC now owns 348,035 shares of the company’s stock valued at $11,673,000 after buying an additional 93,719 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Phillips Edison & Company, Inc. by 8.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,872,476 shares of the company’s stock valued at $68,308,000 after purchasing an additional 145,078 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in Phillips Edison & Company, Inc. by 54.2% in the 3rd quarter. Mutual of America Capital Management LLC now owns 78,593 shares of the company’s stock worth $2,636,000 after buying an additional 27,641 shares during the period. 80.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PECO shares. Wells Fargo & Company cut their target price on Phillips Edison & Company, Inc. from $35.00 to $34.00 and set an “underweight” rating for the company in a research note on Tuesday, May 28th. Mizuho decreased their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Compass Point dropped their price objective on Phillips Edison & Company, Inc. from $39.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft reduced their target price on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price target 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Phillips Edison & Company, Inc. currently has an average rating of “Hold” and a consensus target price of $37.43.

Check Out Our Latest Research Report on PECO

Phillips Edison & Company, Inc. Trading Up 1.4 %

PECO opened at $31.94 on Friday. The stock has a market capitalization of $3.91 billion, a P/E ratio of 69.44, a PEG ratio of 3.25 and a beta of 0.59. The stock has a 50-day moving average price of $33.09 and a 200-day moving average price of $34.71. Phillips Edison & Company, Inc. has a 12-month low of $28.36 and a 12-month high of $37.92.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be paid a $0.0975 dividend. This represents a $1.17 annualized dividend and a yield of 3.66%. The ex-dividend date is Monday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 254.35%.

Phillips Edison & Company, Inc. Profile

(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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