International Assets Investment Management LLC Has $5.01 Million Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

International Assets Investment Management LLC grew its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 2,331.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 137,201 shares of the company's stock after buying an additional 131,558 shares during the quarter. International Assets Investment Management LLC owned approximately 0.11% of Phillips Edison & Company, Inc. worth $5,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in PECO. Clearstead Advisors LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the 3rd quarter worth about $25,000. Public Employees Retirement System of Ohio boosted its position in Phillips Edison & Company, Inc. by 46.4% during the third quarter. Public Employees Retirement System of Ohio now owns 868 shares of the company's stock worth $29,000 after purchasing an additional 275 shares during the period. State of Wyoming bought a new stake in Phillips Edison & Company, Inc. during the second quarter worth approximately $30,000. Hibernia Wealth Partners LLC acquired a new position in Phillips Edison & Company, Inc. during the third quarter valued at approximately $37,000. Finally, Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Phillips Edison & Company, Inc. in the third quarter valued at approximately $42,000. Institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Stock Performance

Phillips Edison & Company, Inc. stock traded down $0.21 on Tuesday, reaching $32.38. The company's stock had a trading volume of 549,971 shares, compared to its average volume of 625,779. The business's fifty day moving average price is $34.90 and its 200 day moving average price is $35.07. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 70.39, a PEG ratio of 3.71 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.

Phillips Edison & Company, Inc. Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a $0.0975 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.61%. This is a positive change from Phillips Edison & Company, Inc.'s previous monthly dividend of $0.10. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is currently 254.35%.

Analyst Upgrades and Downgrades

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

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.