MCF Advisors LLC Has $158,000 Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

MCF Advisors LLC reduced its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 31.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,394 shares of the company’s stock after selling 1,998 shares during the quarter. MCF Advisors LLC’s holdings in Phillips Edison & Company, Inc. were worth $158,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Norges Bank acquired a new position in Phillips Edison & Company, Inc. during the fourth quarter worth $48,562,000. GRS Advisors LLC acquired a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter worth about $26,042,000. Vanguard Group Inc. boosted its stake in shares of Phillips Edison & Company, Inc. by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 18,759,585 shares of the company’s stock worth $684,350,000 after buying an additional 266,832 shares during the last quarter. Dimensional Fund Advisors LP grew 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 valued at $33,513,000 after acquiring an additional 232,191 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Phillips Edison & Company, Inc. by 8.4% in 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 acquiring an additional 145,078 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

Phillips Edison & Company, Inc. Price Performance

PECO stock opened at $32.71 on Friday. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $37.92. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 71.11, a P/E/G ratio of 3.31 and a beta of 0.56. The company has a 50 day simple moving average of $32.29 and a 200 day simple moving average of $34.24.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be issued a dividend of $0.0975 per share. This represents a $1.17 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Monday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 254.35%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Compass Point lowered 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. Wells Fargo & Company lowered their target price on 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. Mizuho dropped their price objective on shares of Phillips Edison & Company, Inc. from $37.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft cut 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, May 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $37.43.

About Phillips Edison & Company, Inc.

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.