Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. trimmed its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,195 shares of the company’s stock after selling 1,362 shares during the period. Daiwa Securities Group Inc.’s holdings in Phillips Edison & Company, Inc. were worth $1,249,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PECO. Vanguard Group Inc. boosted its position in shares of Phillips Edison & Company, Inc. by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 19,337,030 shares of the company’s stock worth $693,619,000 after purchasing an additional 577,445 shares in the last quarter. Norges Bank purchased a new stake in shares of Phillips Edison & Company, Inc. during the 4th quarter worth $48,562,000. Cetera Investment Advisers boosted its position in shares of Phillips Edison & Company, Inc. by 240.9% during the 1st quarter. Cetera Investment Advisers now owns 1,170,077 shares of the company’s stock worth $41,971,000 after purchasing an additional 826,891 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Phillips Edison & Company, Inc. by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,106,277 shares of the company’s stock worth $36,186,000 after purchasing an additional 27,611 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Phillips Edison & Company, Inc. by 33.8% during 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. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wells Fargo & Company upgraded shares of Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $34.00 to $37.00 in a research report on Wednesday, August 28th. Compass Point boosted their price objective on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Mizuho boosted their price objective on shares of Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $37.50.

Phillips Edison & Company, Inc. Stock Up 1.5 %

Phillips Edison & Company, Inc. stock opened at $38.93 on Monday. Phillips Edison & Company, Inc. has a 52 week low of $30.62 and a 52 week high of $39.00. The firm’s 50-day simple moving average is $35.39 and its 200 day simple moving average is $34.05. The firm has a market capitalization of $4.77 billion, a PE ratio of 84.63, a P/E/G ratio of 3.55 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its earnings results on Thursday, July 25th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.48). Phillips Edison & Company, Inc. had a net margin of 9.32% and a return on equity of 2.23%. The firm had revenue of $161.52 million during the quarter, compared to analyst estimates of $156.29 million. During the same period in the previous year, the firm posted $0.59 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, research analysts expect that Phillips Edison & Company, Inc. will post 2.41 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be paid a $0.1025 dividend. This is an increase from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. The ex-dividend date is Monday, September 16th. This represents a $1.23 annualized dividend and a yield of 3.16%. Phillips Edison & Company, Inc.’s payout ratio is presently 267.39%.

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.