Calton & Associates Inc. Lowers Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Calton & Associates Inc. lowered its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,580 shares of the company’s stock after selling 3,653 shares during the quarter. Calton & Associates Inc.’s holdings in Phillips Edison & Company, Inc. were worth $1,258,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new position in shares of Phillips Edison & Company, Inc. during the 3rd quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new stake in shares of Phillips Edison & Company, Inc. in the third quarter worth about $36,000. Blue Trust Inc. lifted its position in shares of Phillips Edison & Company, Inc. by 15.5% in the third quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock worth $91,000 after buying an additional 325 shares in the last quarter. GAMMA Investing LLC boosted its stake in Phillips Edison & Company, Inc. by 31.8% during the third quarter. GAMMA Investing LLC now owns 3,330 shares of the company’s stock valued at $126,000 after buying an additional 803 shares during the last quarter. Finally, Tsfg LLC purchased a new position in Phillips Edison & Company, Inc. during the 3rd quarter valued at approximately $127,000. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Up 1.2 %

PECO stock opened at $36.71 on Friday. The firm’s fifty day simple moving average is $37.73 and its two-hundred day simple moving average is $37.10. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 79.80, a price-to-earnings-growth ratio of 3.17 and a beta of 0.59. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $40.12.

Phillips Edison & Company, Inc. Increases Dividend

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

Analyst Upgrades and Downgrades

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

Phillips Edison & Company, Inc. Company 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.