Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Bought by Demars Financial Group LLC

Demars Financial Group LLC raised its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,572 shares of the company’s stock after buying an additional 579 shares during the period. Demars Financial Group LLC’s holdings in Phillips Edison & Company, Inc. were worth $495,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its holdings in Phillips Edison & Company, Inc. by 1.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,207,617 shares of the company’s stock worth $174,663,000 after buying an additional 99,383 shares during the last quarter. FMR LLC lifted its stake in Phillips Edison & Company, Inc. by 4.0% in the 3rd quarter. FMR LLC now owns 4,874,206 shares of the company’s stock worth $163,481,000 after purchasing an additional 186,651 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Phillips Edison & Company, Inc. by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,727,398 shares of the company’s stock valued at $57,937,000 after buying an additional 107,214 shares during the period. Northern Trust Corp raised its position in shares of Phillips Edison & Company, Inc. by 1.5% during the 3rd quarter. Northern Trust Corp now owns 1,376,392 shares of the company’s stock valued at $46,164,000 after buying an additional 20,461 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Phillips Edison & Company, Inc. by 2.4% during the 3rd quarter. Rhumbline Advisers now owns 397,515 shares of the company’s stock valued at $13,333,000 after buying an additional 9,457 shares during the period. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Stock Down 1.4 %

NASDAQ:PECO opened at $33.03 on Wednesday. The company has a fifty day simple moving average of $34.70 and a two-hundred day simple moving average of $35.06. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 72.81, a price-to-earnings-growth ratio of 3.75 and a beta of 0.55. Phillips Edison & Company, Inc. has a 52 week low of $27.85 and a 52 week high of $37.92.

Phillips Edison & Company, Inc. Increases Dividend

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

Analyst Ratings Changes

Several research firms have recently commented on PECO. Mizuho raised shares of Phillips Edison & Company, Inc. from a “neutral” rating to a “buy” rating and lifted their price target for the company from $35.00 to $37.00 in a research report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft started coverage on Phillips Edison & Company, Inc. in a research report on Tuesday, January 30th. They issued a “buy” rating and a $41.00 target price on the stock. Finally, JPMorgan Chase & Co. cut their target price on 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. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock 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.