Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Sold by PFG Investments LLC

PFG Investments LLC reduced its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,311 shares of the company’s stock after selling 1,670 shares during the period. PFG Investments LLC’s holdings in Phillips Edison & Company, Inc. were worth $1,023,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. M&T Bank Corp boosted its position in shares of Phillips Edison & Company, Inc. by 2.9% in the 3rd quarter. M&T Bank Corp now owns 10,883 shares of the company’s stock valued at $410,000 after purchasing an additional 307 shares during the period. Blue Trust Inc. lifted its holdings in shares of Phillips Edison & Company, Inc. by 15.5% during the 3rd quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock valued at $91,000 after buying an additional 325 shares during the last quarter. Xponance Inc. lifted its holdings in shares of Phillips Edison & Company, Inc. by 6.3% during the 2nd quarter. Xponance Inc. now owns 7,789 shares of the company’s stock valued at $255,000 after buying an additional 465 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Phillips Edison & Company, Inc. by 6.5% during the 3rd quarter. Private Advisor Group LLC now owns 8,009 shares of the company’s stock valued at $302,000 after buying an additional 487 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in shares of Phillips Edison & Company, Inc. by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 20,185 shares of the company’s stock valued at $756,000 after acquiring an additional 510 shares in the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Stock Performance

Phillips Edison & Company, Inc. stock opened at $36.93 on Wednesday. The firm has a market cap of $4.53 billion, a P/E ratio of 80.28, a P/E/G ratio of 3.13 and a beta of 0.59. The business’s fifty day moving average is $37.83 and its two-hundred day moving average is $37.11. Phillips Edison & Company, Inc. has a 52 week low of $30.62 and a 52 week high of $40.12.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.1025 per share. This represents a dividend yield of 3.13%. The ex-dividend date was Monday, December 16th. This is a positive change from Phillips Edison & Company, Inc.’s previous dividend of $0.10. Phillips Edison & Company, Inc.’s dividend payout ratio is 267.39%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Wolfe Research upgraded Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a research report on Wednesday, November 13th. Finally, Mizuho boosted their price target on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $39.50.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Co, Inc is a real estate investment trust, which engages in the ownership and operation of shopping centers. It also offers an investment management business providing property management and advisory services. Its portfolio consists of well-occupied, grocery-anchored neighborhood and community shopping centers having a mix of national, regional, and local retailers offering necessity-based goods and services.