Silver Oak Securities Incorporated Sells 542 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Silver Oak Securities Incorporated decreased its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 18,037 shares of the company’s stock after selling 542 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Phillips Edison & Company, Inc. were worth $671,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in PECO. M&T Bank Corp increased its holdings in Phillips Edison & Company, Inc. by 2.9% in the third quarter. M&T Bank Corp now owns 10,883 shares of the company’s stock valued at $410,000 after purchasing an additional 307 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Phillips Edison & Company, Inc. by 15.5% in the 3rd quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock valued at $91,000 after acquiring an additional 325 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Phillips Edison & Company, Inc. by 0.3% in the 4th quarter. State of Alaska Department of Revenue now owns 128,465 shares of the company’s stock valued at $4,811,000 after acquiring an additional 344 shares during the period. Private Advisor Group LLC boosted its stake in Phillips Edison & Company, Inc. by 6.5% during the 3rd quarter. Private Advisor Group LLC now owns 8,009 shares of the company’s stock worth $302,000 after acquiring an additional 487 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in Phillips Edison & Company, Inc. by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 20,185 shares of the company’s stock valued at $756,000 after purchasing an additional 510 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Up 1.9 %

Shares of Phillips Edison & Company, Inc. stock opened at $37.32 on Friday. The company has a market cap of $4.58 billion, a PE ratio of 81.13, a price-to-earnings-growth ratio of 3.17 and a beta of 0.58. The company has a 50 day moving average of $37.38 and a 200-day moving average of $37.17. Phillips Edison & Company, Inc. has a 1-year low of $30.62 and a 1-year high of $40.12.

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

Phillips Edison & Company, Inc. Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wolfe Research raised 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. Wells Fargo & Company cut 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, January 29th. JPMorgan Chase & Co. lowered their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Mizuho boosted 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.