Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC reduced its stake in Phillips Edison & Company, Inc. (NASDAQ:PECOFree Report) by 25.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,372 shares of the company’s stock after selling 13,380 shares during the period. Orion Portfolio Solutions LLC’s holdings in Phillips Edison & Company, Inc. were worth $1,424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in PECO. Norges Bank bought a new stake in shares of Phillips Edison & Company, Inc. in the 4th quarter worth approximately $48,562,000. Dimensional Fund Advisors LP raised its holdings in shares of Phillips Edison & Company, Inc. by 33.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 918,665 shares of the company’s stock worth $33,513,000 after purchasing an additional 232,191 shares in the last quarter. FMR LLC raised its holdings in shares of Phillips Edison & Company, Inc. by 4.0% in the 3rd 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. Charles Schwab Investment Management Inc. raised its holdings in shares of Phillips Edison & Company, Inc. by 8.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,872,476 shares of the company’s stock worth $68,308,000 after purchasing an additional 145,078 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Phillips Edison & Company, Inc. by 2,331.3% in the 4th quarter. International Assets Investment Management LLC now owns 137,201 shares of the company’s stock worth $5,005,000 after purchasing an additional 131,558 shares in the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PECO has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on shares of Phillips Edison & Company, Inc. from $35.00 to $34.00 and set an “underweight” rating on the stock in a report on Tuesday, May 28th. 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 report on Monday, April 29th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday. Mizuho cut 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. Finally, JPMorgan Chase & Co. cut their price target 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $37.43.

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

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO opened at $31.94 on Friday. The company’s 50 day moving average price is $33.09 and its 200 day moving average price is $34.71. Phillips Edison & Company, Inc. has a 52 week low of $28.36 and a 52 week high of $37.92. The company has a market capitalization of $3.91 billion, a PE ratio of 69.44, a PEG ratio of 3.25 and a beta of 0.59.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be given a dividend of $0.0975 per share. This represents a $1.17 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Monday, July 15th. Phillips Edison & Company, Inc.’s payout ratio is presently 254.35%.

Phillips Edison & Company, Inc. Company 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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