Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. decreased its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,415 shares of the company’s stock after selling 6,495 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Phillips Edison & Company, Inc. were worth $2,642,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PECO. Clearstead Advisors LLC acquired a new stake in shares of Phillips Edison & Company, Inc. in the third quarter valued at $25,000. Public Employees Retirement System of Ohio boosted its position in shares of Phillips Edison & Company, Inc. by 46.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 868 shares of the company’s stock valued at $29,000 after purchasing an additional 275 shares during the period. State of Wyoming acquired a new stake in Phillips Edison & Company, Inc. during the 2nd quarter worth about $30,000. Rockefeller Capital Management L.P. boosted its position in Phillips Edison & Company, Inc. by 5,000.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,326 shares of the company’s stock worth $42,000 after acquiring an additional 1,300 shares during the period. Finally, Parkside Financial Bank & Trust acquired a new stake in Phillips Edison & Company, Inc. during the 1st quarter worth about $48,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

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

Phillips Edison & Company, Inc. Stock Performance

Shares of Phillips Edison & Company, Inc. stock traded up $0.61 during trading on Friday, hitting $33.02. 702,889 shares of the stock traded hands, compared to its average volume of 534,168. The stock has a market cap of $4.04 billion, a P/E ratio of 71.78, a PEG ratio of 3.65 and a beta of 0.55. Phillips Edison & Company, Inc. has a twelve month low of $27.85 and a twelve month high of $37.92. The company has a fifty day moving average price of $34.76 and a two-hundred day moving average price of $35.03.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a dividend of $0.0975 per share. This represents a $1.17 annualized dividend and a dividend yield of 3.54%. This is a positive change from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. The ex-dividend date is Friday, April 12th. Phillips Edison & Company, Inc.’s payout ratio is currently 254.35%.

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.