7,126 Shares in Phillips Edison & Company, Inc. (NASDAQ:PECO) Purchased by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. acquired a new stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,126 shares of the company’s stock, valued at approximately $260,000.

A number of other large investors also recently bought and sold shares of PECO. Public Employees Retirement System of Ohio lifted its stake in Phillips Edison & Company, Inc. by 46.4% during the third quarter. Public Employees Retirement System of Ohio now owns 868 shares of the company’s stock worth $29,000 after purchasing an additional 275 shares during the last quarter. Creative Financial Designs Inc. ADV grew its position in shares of Phillips Edison & Company, Inc. by 207.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,543 shares of the company’s stock valued at $56,000 after buying an additional 1,041 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Phillips Edison & Company, Inc. during the fourth quarter worth about $73,000. Retirement Financial Solutions LLC bought a new position in Phillips Edison & Company, Inc. in the fourth quarter worth about $202,000. Finally, Realta Investment Advisors bought a new position in Phillips Edison & Company, Inc. in the fourth quarter worth about $208,000. Institutional investors own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price target on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Mizuho raised shares of Phillips Edison & Company, Inc. from a “neutral” rating to a “buy” rating and boosted their price target for the company from $35.00 to $37.00 in a report on Friday, February 23rd. Compass Point dropped their price objective on shares of Phillips Edison & Company, Inc. from $39.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, January 30th. They issued a “buy” rating and a $41.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $38.14.

Phillips Edison & Company, Inc. Trading Up 1.9 %

PECO stock traded up $0.61 during trading on Tuesday, hitting $33.42. The company had a trading volume of 474,612 shares, compared to its average volume of 621,044. The business has a 50 day moving average of $34.39 and a 200 day moving average of $34.97. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 72.57, a P/E/G ratio of 3.92 and a beta of 0.59. Phillips Edison & Company, Inc. has a fifty-two week low of $27.85 and a fifty-two week high of $37.92.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be issued a $0.0975 dividend. This represents a $1.17 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Monday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 254.35%.

Phillips Edison & Company, Inc. Profile

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.