Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Bought by Blue Trust Inc.

Blue Trust Inc. lifted its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 171.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,571 shares of the company’s stock after acquiring an additional 4,151 shares during the period. Blue Trust Inc.’s holdings in Phillips Edison & Company, Inc. were worth $248,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Millennium Management LLC bought a new stake in Phillips Edison & Company, Inc. during the second quarter valued at $8,397,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Phillips Edison & Company, Inc. by 5.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 71,493 shares of the company’s stock valued at $2,339,000 after buying an additional 3,830 shares during the period. Algert Global LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the 2nd quarter valued at about $403,000. Sanctuary Advisors LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the 2nd quarter valued at about $231,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Phillips Edison & Company, Inc. during the second quarter worth about $2,695,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on PECO. JPMorgan Chase & Co. decreased their target price on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Mizuho boosted their price objective on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Wolfe Research raised Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company reduced their price target on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.50.

Phillips Edison & Company, Inc. Price Performance

PECO opened at $36.20 on Tuesday. The stock’s 50 day moving average price is $37.61 and its 200 day moving average price is $37.15. The stock has a market cap of $4.44 billion, a P/E ratio of 78.70, a P/E/G ratio of 3.17 and a beta of 0.58. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12.

Phillips Edison & Company, Inc. Increases Dividend

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

About Phillips Edison & Company, Inc.

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.