Vanguard Group Inc. Increases Stake in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Vanguard Group Inc. boosted its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,759,585 shares of the company’s stock after buying an additional 266,832 shares during the period. Vanguard Group Inc. owned 15.35% of Phillips Edison & Company, Inc. worth $684,350,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its position 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 acquiring an additional 275 shares during the period. Creekmur Asset Management LLC bought a new stake in shares of Phillips Edison & Company, Inc. in the 4th quarter worth approximately $32,000. Quadrant Capital Group LLC boosted its position in shares of Phillips Edison & Company, Inc. by 197.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,190 shares of the company’s stock worth $43,000 after purchasing an additional 790 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of Phillips Edison & Company, Inc. by 207.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,543 shares of the company’s stock worth $56,000 after buying an additional 1,041 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in Phillips Edison & Company, Inc. during the 4th quarter valued at approximately $73,000. 80.70% of the stock is owned by institutional investors.

Phillips Edison & Company, Inc. Stock Up 0.1 %

Shares of Phillips Edison & Company, Inc. stock opened at $32.44 on Monday. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $37.92. The company’s 50 day moving average is $32.30 and its 200 day moving average is $34.34. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 70.52, a price-to-earnings-growth ratio of 3.28 and a beta of 0.56.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be paid a $0.0975 dividend. The ex-dividend date is Monday, July 15th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.61%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 254.35%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PECO shares. Mizuho cut their target price on Phillips Edison & Company, Inc. from $37.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Compass Point reduced their price objective on shares of 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. 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 research note on Tuesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Phillips Edison & Company, Inc. has a consensus rating of “Hold” and an average target price of $37.43.

Phillips Edison & Company, Inc. Company 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.