Silver Oak Securities Incorporated Decreases Stock Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Silver Oak Securities Incorporated lessened its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 1.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 28,356 shares of the company’s stock after selling 414 shares during the period. Silver Oak Securities Incorporated’s holdings in Phillips Edison & Company, Inc. were worth $1,034,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its holdings in 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 valued at $29,000 after buying an additional 275 shares during the period. Creative Financial Designs Inc. ADV raised 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 valued at $56,000 after buying an additional 1,041 shares during the period. Legacy Financial Group LLC purchased a new stake in Phillips Edison & Company, Inc. during the 3rd quarter valued at $64,000. GAMMA Investing LLC purchased a new stake in Phillips Edison & Company, Inc. during the 4th quarter valued at $73,000. Finally, Retirement Financial Solutions LLC purchased a new stake in Phillips Edison & Company, Inc. during the 4th quarter valued at $202,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Down 1.0 %

NASDAQ:PECO opened at $32.61 on Monday. Phillips Edison & Company, Inc. has a twelve month low of $27.85 and a twelve month high of $37.92. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 70.89, a price-to-earnings-growth ratio of 3.69 and a beta of 0.55. The stock has a fifty day simple moving average of $34.60 and a 200-day simple moving average of $35.04.

Phillips Edison & Company, Inc. Increases Dividend

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

Analyst Ratings Changes

Several analysts recently weighed in on PECO shares. Mizuho upgraded 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. Deutsche Bank Aktiengesellschaft initiated coverage on Phillips Edison & Company, Inc. in a research report on Tuesday, January 30th. They set a “buy” rating and a $41.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their target price on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $38.14.

Phillips Edison & Company, Inc. 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.