Migdal Insurance & Financial Holdings Ltd. Has $33,000 Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Migdal Insurance & Financial Holdings Ltd. reduced its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 34.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 900 shares of the company’s stock after selling 468 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Phillips Edison & Company, Inc. were worth $33,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Phillips Edison & Company, Inc. by 0.7% during the third quarter. Vanguard Group Inc. now owns 16,901,198 shares of the company’s stock worth $474,079,000 after buying an additional 125,181 shares during the period. Wellington Management Group LLP lifted its stake in Phillips Edison & Company, Inc. by 313.4% in the first quarter. Wellington Management Group LLP now owns 7,725,477 shares of the company’s stock valued at $265,679,000 after purchasing an additional 5,856,834 shares during the last quarter. BlackRock Inc. lifted its stake in Phillips Edison & Company, Inc. by 443.8% in the first quarter. BlackRock Inc. now owns 7,310,113 shares of the company’s stock valued at $251,393,000 after purchasing an additional 5,965,943 shares during the last quarter. State Street Corp lifted its stake in Phillips Edison & Company, Inc. by 37.3% in the second quarter. State Street Corp now owns 6,585,842 shares of the company’s stock valued at $224,886,000 after purchasing an additional 1,790,307 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Phillips Edison & Company, Inc. by 1.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,207,617 shares of the company’s stock valued at $174,663,000 after purchasing an additional 99,383 shares during the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Stock Up 1.2 %

NASDAQ PECO opened at $32.41 on Friday. The company has a 50-day simple moving average of $34.80 and a two-hundred day simple moving average of $35.03. Phillips Edison & Company, Inc. has a 12-month low of $27.85 and a 12-month high of $37.92. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 70.46, a PEG ratio of 3.61 and a beta of 0.55.

Phillips Edison & Company, Inc. Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a dividend of $0.0975 per share. This represents a $1.17 annualized dividend and a yield of 3.61%. This is a positive change from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Friday, April 12th. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 254.35%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Phillips Edison & Company, Inc. in a report on Tuesday, January 30th. They set a “buy” rating and a $41.00 target price on the stock. Mizuho raised shares of Phillips Edison & Company, Inc. from a “neutral” rating to a “buy” rating and upped their price target for the stock from $35.00 to $37.00 in a report on Friday, February 23rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $38.14.

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.