PFG Investments LLC Has $1.32 Million Stock Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

PFG Investments LLC increased its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 403.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,819 shares of the company's stock after buying an additional 29,508 shares during the period. PFG Investments LLC's holdings in Phillips Edison & Company, Inc. were worth $1,321,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PECO. Public Employees Retirement System of Ohio lifted its position in Phillips Edison & Company, Inc. by 46.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 868 shares of the company's stock worth $29,000 after buying an additional 275 shares in the last quarter. Creekmur Asset Management LLC acquired a new position in Phillips Edison & Company, Inc. during the 4th quarter valued at about $32,000. Quadrant Capital Group LLC lifted its position in Phillips Edison & Company, Inc. by 197.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,190 shares of the company's stock valued at $43,000 after purchasing an additional 790 shares during the period. Creative Financial Designs Inc. ADV lifted its position in Phillips Edison & Company, Inc. by 207.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,543 shares of the company's stock valued at $56,000 after purchasing an additional 1,041 shares during the period. Finally, Legacy Financial Group LLC acquired a new position in Phillips Edison & Company, Inc. during the 3rd quarter valued at about $64,000. Institutional investors and hedge funds own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Trading Down 1.0 %

Shares of PECO stock traded down $0.32 on Friday, reaching $32.61. The company had a trading volume of 921,357 shares, compared to its average volume of 535,288. The stock has a market cap of $3.98 billion, a PE ratio of 70.89, a PEG ratio of 3.72 and a beta of 0.55. The company has a 50-day moving average of $34.60 and a 200-day moving average of $35.04. 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 business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a $0.0975 dividend. The ex-dividend date is Friday, April 12th. This is a boost from Phillips Edison & Company, Inc.'s previous monthly dividend of $0.10. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.59%. Phillips Edison & Company, Inc.'s dividend payout ratio is 254.35%.

Wall Street Analyst Weigh In

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

Phillips Edison & Company, Inc. 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.

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