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

MCF Advisors LLC lessened its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 31.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 4,394 shares of the company’s stock after selling 1,998 shares during the period. MCF Advisors LLC’s holdings in Phillips Edison & Company, Inc. were worth $158,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. NBC Securities Inc. increased its holdings in Phillips Edison & Company, Inc. by 11.6% in the 4th quarter. NBC Securities Inc. now owns 9,670 shares of the company’s stock worth $352,000 after acquiring an additional 1,003 shares in the last quarter. GRS Advisors LLC acquired a new stake in shares of Phillips Edison & Company, Inc. in the fourth quarter valued at about $26,042,000. Vanguard Group Inc. raised its position in shares of Phillips Edison & Company, Inc. by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 18,759,585 shares of the company’s stock valued at $684,350,000 after buying an additional 266,832 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Phillips Edison & Company, Inc. by 36.9% in the third quarter. LPL Financial LLC now owns 348,035 shares of the company’s stock worth $11,673,000 after buying an additional 93,719 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Phillips Edison & Company, Inc. by 8.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,872,476 shares of the company’s stock worth $68,308,000 after acquiring an additional 145,078 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Compass Point cut 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 report on Monday, April 29th. Wells Fargo & Company decreased their price target 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. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. Finally, Mizuho reduced their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $37.43.

Phillips Edison & Company, Inc. Price Performance

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

Phillips Edison & Company, Inc. Announces Dividend

The firm 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 $0.0975 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Monday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 254.35%.

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.