Cambridge Investment Research Advisors Inc. Sells 61,360 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Cambridge Investment Research Advisors Inc. cut its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 10.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 538,840 shares of the company’s stock after selling 61,360 shares during the period. Cambridge Investment Research Advisors Inc. owned approximately 0.45% of Phillips Edison & Company, Inc. worth $19,657,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its stake in Phillips Edison & Company, Inc. by 46.4% in the third 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 in the last quarter. Quadrant Capital Group LLC increased its holdings in 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 buying an additional 790 shares during the period. Creative Financial Designs Inc. ADV raised its position 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 buying an additional 1,041 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the 4th quarter worth approximately $73,000. Finally, Advantage Trust Co bought a new stake in shares of Phillips Edison & Company, Inc. during the 4th quarter worth approximately $124,000. 80.70% of the stock is currently owned by institutional investors.

Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ:PECO traded down $0.10 during mid-day trading on Friday, reaching $31.43. 697,717 shares of the company’s stock were exchanged, compared to its average volume of 695,421. Phillips Edison & Company, Inc. has a twelve month low of $27.85 and a twelve month high of $37.92. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 68.33, a PEG ratio of 3.20 and a beta of 0.59. The business’s fifty day moving average price is $33.51 and its 200-day moving average price is $34.79.

Phillips Edison & Company, Inc. Announces Dividend

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 of this dividend is Monday, July 15th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.72%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 254.35%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PECO shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, January 30th. They set a “buy” rating and a $41.00 price objective for the company. Compass Point dropped their price objective on Phillips Edison & Company, Inc. from $39.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Mizuho decreased their target price on Phillips Edison & Company, Inc. from $37.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. lowered their target price on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Phillips Edison & Company, Inc. has a consensus rating of “Hold” and a consensus price target of $37.57.

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.