Koshinski Asset Management Inc. Has $4.13 Million Stock Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Koshinski Asset Management Inc. lifted its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 54.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 113,307 shares of the company's stock after buying an additional 39,961 shares during the period. Koshinski Asset Management Inc. owned 0.09% of Phillips Edison & Company, Inc. worth $4,133,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PECO. ClariVest Asset Management LLC grew its position in shares of Phillips Edison & Company, Inc. by 73,077.5% during the third quarter. ClariVest Asset Management LLC now owns 29,271 shares of the company's stock worth $981,000 after acquiring an additional 29,231 shares during the last quarter. LPL Financial LLC increased its position in Phillips Edison & Company, Inc. by 36.9% in the 3rd quarter. LPL Financial LLC now owns 348,035 shares of the company's stock valued at $11,673,000 after acquiring an additional 93,719 shares during the period. Mutual of America Capital Management LLC raised its stake in Phillips Edison & Company, Inc. by 54.2% during the 3rd quarter. Mutual of America Capital Management LLC now owns 78,593 shares of the company's stock valued at $2,636,000 after acquiring an additional 27,641 shares in the last quarter. FMR LLC boosted its position in Phillips Edison & Company, Inc. by 4.0% during the 3rd quarter. FMR LLC now owns 4,874,206 shares of the company's stock worth $163,481,000 after acquiring an additional 186,651 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in Phillips Edison & Company, Inc. by 1.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,207,617 shares of the company's stock worth $174,663,000 after acquiring an additional 99,383 shares during the period. Institutional investors and hedge funds own 80.70% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PECO shares. Mizuho raised shares of Phillips Edison & Company, Inc. from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $35.00 to $37.00 in a report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on Phillips Edison & Company, Inc. in a report on Tuesday, January 30th. They issued a "buy" rating and a $41.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their target price on 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 research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $38.14.

Phillips Edison & Company, Inc. Stock Performance

PECO traded down $0.17 during trading on Friday, reaching $32.93. The company had a trading volume of 528,885 shares, compared to its average volume of 667,813. The firm's 50-day simple moving average is $34.99 and its 200 day simple moving average is $35.08. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 71.59, a PEG ratio of 3.71 and a beta of 0.55. Phillips Edison & Company, Inc. has a 12-month low of $27.85 and a 12-month high of $37.92.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a $0.0975 dividend. This represents a $1.17 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Friday, April 12th. This is an increase from Phillips Edison & Company, Inc.'s previous monthly dividend of $0.10. Phillips Edison & Company, Inc.'s dividend payout ratio is 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.