Integrated Advisors Network LLC Sells 1,173 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Integrated Advisors Network LLC lessened its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,409 shares of the company’s stock after selling 1,173 shares during the period. Integrated Advisors Network LLC owned 0.05% of Phillips Edison & Company, Inc. worth $2,313,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PECO. Public Employees Retirement System of Ohio increased its stake in shares of Phillips Edison & Company, Inc. by 46.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 868 shares of the company’s stock valued at $29,000 after purchasing an additional 275 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Phillips Edison & Company, Inc. by 197.5% in 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 last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of Phillips Edison & Company, Inc. by 207.4% in 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 last quarter. GAMMA Investing LLC bought a new position in shares of Phillips Edison & Company, Inc. in the 4th quarter valued at $73,000. Finally, Cape Investment Advisory Inc. bought a new position in shares of Phillips Edison & Company, Inc. in the 4th quarter valued at $81,000. Institutional investors own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Compass Point decreased their price target on Phillips Edison & Company, Inc. from $39.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Mizuho lowered their target price on Phillips Edison & Company, Inc. from $37.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, May 29th. Finally, Wells Fargo & Company lowered their target price on Phillips Edison & Company, Inc. from $35.00 to $34.00 and set an “underweight” rating for the company in a report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, four have assigned 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 $37.43.

Phillips Edison & Company, Inc. Stock Down 0.4 %

Shares of NASDAQ PECO traded down $0.13 during trading on Friday, reaching $32.23. The company had a trading volume of 476,024 shares, compared to its average volume of 734,211. The company’s fifty day moving average price is $32.47 and its 200-day moving average price is $34.48. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $37.92. The stock has a market cap of $3.94 billion, a P/E ratio of 70.07, a PEG ratio of 3.26 and a beta of 0.56.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be given a $0.0975 dividend. The ex-dividend date is Monday, July 15th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.63%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 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.