Dynamic Technology Lab Private Ltd acquired a new stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,800 shares of the company’s stock, valued at approximately $358,000.
Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Phillips Edison & Company, Inc. in the 4th quarter worth about $48,562,000. Independent Advisor Alliance raised its holdings in shares of Phillips Edison & Company, Inc. by 31.3% in the 4th quarter. Independent Advisor Alliance now owns 13,765 shares of the company’s stock worth $502,000 after acquiring an additional 3,283 shares during the last quarter. Financial Advocates Investment Management acquired a new stake in shares of Phillips Edison & Company, Inc. in the 4th quarter worth about $335,000. Quadrant Capital Group LLC raised its holdings 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 acquiring an additional 790 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Phillips Edison & Company, Inc. by 1.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 72,099 shares of the company’s stock worth $2,578,000 after acquiring an additional 1,315 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.
Phillips Edison & Company, Inc. Trading Down 0.3 %
Shares of PECO stock opened at $31.43 on Monday. The firm’s 50 day moving average is $33.51 and its 200 day moving average is $34.80. The stock has a market capitalization of $3.85 billion, a P/E ratio of 68.33, a PEG ratio of 3.19 and a beta of 0.59. Phillips Edison & Company, Inc. has a 12 month low of $27.85 and a 12 month high of $37.92.
Phillips Edison & Company, Inc. Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Stockholders 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 3.72%. The ex-dividend date of this dividend is Monday, July 15th. Phillips Edison & Company, Inc.’s payout ratio is currently 254.35%.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. Compass Point reduced their target price on 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. Deutsche Bank Aktiengesellschaft began coverage on shares of Phillips Edison & Company, Inc. in a report on Tuesday, January 30th. They issued a “buy” rating and a $41.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set a “neutral” rating for the company in a report on Wednesday, February 14th. Finally, Mizuho reduced their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $37.57.
Read Our Latest Stock Report on PECO
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.
See Also
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