Phillips Edison & Company, Inc. (NASDAQ:PECO) Position Lowered by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated trimmed its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,037 shares of the company’s stock after selling 542 shares during the period. Silver Oak Securities Incorporated’s holdings in Phillips Edison & Company, Inc. were worth $671,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Phillips Edison & Company, Inc. by 408.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 765,822 shares of the company’s stock valued at $28,879,000 after purchasing an additional 615,076 shares during the period. Duff & Phelps Investment Management Co. increased its position in Phillips Edison & Company, Inc. by 50.1% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,474,130 shares of the company’s stock valued at $55,589,000 after acquiring an additional 492,160 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in Phillips Edison & Company, Inc. by 578.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 139,146 shares of the company’s stock valued at $5,247,000 after acquiring an additional 118,640 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Phillips Edison & Company, Inc. by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,094,331 shares of the company’s stock worth $78,977,000 after acquiring an additional 102,519 shares during the period. Finally, International Assets Investment Management LLC grew its stake in shares of Phillips Edison & Company, Inc. by 3,092.8% in the third quarter. International Assets Investment Management LLC now owns 104,117 shares of the company’s stock worth $3,926,000 after purchasing an additional 100,856 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Up 1.9 %

Shares of NASDAQ PECO opened at $37.32 on Friday. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The company has a market cap of $4.58 billion, a P/E ratio of 81.13, a P/E/G ratio of 3.17 and a beta of 0.58. The business’s 50 day moving average is $37.38 and its two-hundred day moving average is $37.17.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results on Thursday, February 6th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.50. Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. Sell-side analysts expect that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

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

Analyst Ratings Changes

Several research firms have commented on PECO. Wolfe Research upgraded shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price target on the stock in a research report on Wednesday, November 13th. Mizuho boosted their target price on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Wells Fargo & Company cut their target price on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered their price target on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.50.

About Phillips Edison & Company, Inc.

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.