Money Concepts Capital Corp Buys 1,291 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Money Concepts Capital Corp boosted its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,886 shares of the company’s stock after buying an additional 1,291 shares during the quarter. Money Concepts Capital Corp owned approximately 0.07% of Phillips Edison & Company, Inc. worth $3,067,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Millennium Management LLC acquired a new stake in shares of Phillips Edison & Company, Inc. in the 2nd quarter valued at $8,397,000. The Manufacturers Life Insurance Company grew its stake in Phillips Edison & Company, Inc. by 5.7% during the second quarter. The Manufacturers Life Insurance Company now owns 71,493 shares of the company’s stock worth $2,339,000 after buying an additional 3,830 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Phillips Edison & Company, Inc. during the second quarter worth approximately $403,000. Sanctuary Advisors LLC bought a new position in shares of Phillips Edison & Company, Inc. in the second quarter valued at approximately $231,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Phillips Edison & Company, Inc. in the 2nd quarter worth approximately $2,695,000. 80.70% of the stock is currently owned by institutional investors.

Phillips Edison & Company, Inc. Stock Up 0.4 %

Shares of Phillips Edison & Company, Inc. stock opened at $36.34 on Wednesday. The business has a fifty day simple moving average of $37.55 and a 200 day simple moving average of $37.16. The stock has a market cap of $4.46 billion, a PE ratio of 79.00, a price-to-earnings-growth ratio of 3.17 and a beta of 0.58. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were paid a $0.1025 dividend. This represents a yield of 3.13%. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Phillips Edison & Company, Inc.’s previous dividend of $0.10. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 267.39%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Mizuho raised their target price on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Wolfe Research raised Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price target for the company in a report on Wednesday, November 13th. Finally, Wells Fargo & Company decreased their price objective on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.50.

Phillips Edison & Company, Inc. Profile

Phillips Edison & Co, Inc is a real estate investment trust, which engages in the ownership and operation of shopping centers. It also offers an investment management business providing property management and advisory services. Its portfolio consists of well-occupied, grocery-anchored neighborhood and community shopping centers having a mix of national, regional, and local retailers offering necessity-based goods and services.