Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 2,331.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 137,201 shares of the company's stock after purchasing an additional 131,558 shares during the quarter. International Assets Investment Management LLC owned about 0.11% of Phillips Edison & Company, Inc. worth $5,005,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Phillips Edison & Company, Inc. by 6.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,662 shares of the company's stock valued at $1,632,000 after purchasing an additional 2,880 shares in the last quarter. Strs Ohio raised its position in Phillips Edison & Company, Inc. by 1.6% during the third quarter. Strs Ohio now owns 24,900 shares of the company's stock worth $835,000 after acquiring an additional 400 shares during the last quarter. Carmel Capital Partners LLC lifted its stake in Phillips Edison & Company, Inc. by 132.1% in the 3rd quarter. Carmel Capital Partners LLC now owns 21,572 shares of the company's stock valued at $724,000 after buying an additional 12,277 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Phillips Edison & Company, Inc. by 13.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,743 shares of the company's stock worth $662,000 after purchasing an additional 2,379 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Phillips Edison & Company, Inc. by 10.3% in the third quarter. Teacher Retirement System of Texas now owns 54,842 shares of the company's stock valued at $1,839,000 after buying an additional 5,101 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Stock Up 0.3 %

PECO stock traded up $0.11 during midday trading on Thursday, reaching $33.21. The stock had a trading volume of 381,478 shares, compared to its average volume of 614,679. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 71.96, a PEG ratio of 3.92 and a beta of 0.59. The business has a fifty day simple moving average of $34.32 and a two-hundred day simple moving average of $34.95. Phillips Edison & Company, Inc. has a twelve month low of $27.85 and a twelve month high of $37.92.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be issued a $0.0975 dividend. This represents a $1.17 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Monday, July 15th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is 254.35%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PECO shares. Mizuho upgraded Phillips Edison & Company, Inc. from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $35.00 to $37.00 in a research note on Friday, February 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set a "neutral" rating for the company in a report on Wednesday, February 14th. Deutsche Bank Aktiengesellschaft initiated coverage on 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. Finally, Compass Point cut their price objective on Phillips Edison & Company, Inc. from $39.00 to $36.00 and set a "neutral" rating for the company in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price 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.