GenTrust LLC Has $210,000 Stock Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

GenTrust LLC trimmed its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 55.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,833 shares of the company’s stock after selling 7,333 shares during the period. GenTrust LLC’s holdings in Phillips Edison & Company, Inc. were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its position 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 worth $29,000 after acquiring an additional 275 shares in the last quarter. Creekmur Asset Management LLC acquired a new position in Phillips Edison & Company, Inc. during the fourth quarter worth $32,000. Quadrant Capital Group LLC increased its position in Phillips Edison & Company, Inc. by 197.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,190 shares of the company’s stock worth $43,000 after buying an additional 790 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in Phillips Edison & Company, Inc. by 207.4% during the fourth 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. Finally, GAMMA Investing LLC acquired a new stake in shares of Phillips Edison & Company, Inc. in the fourth quarter worth about $73,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Up 0.4 %

NASDAQ PECO traded up $0.14 during trading on Thursday, hitting $32.78. The company’s stock had a trading volume of 292,396 shares, compared to its average volume of 707,340. Phillips Edison & Company, Inc. has a 52 week low of $30.62 and a 52 week high of $37.92. The firm has a market cap of $4.01 billion, a P/E ratio of 71.26, a price-to-earnings-growth ratio of 3.30 and a beta of 0.56. The firm has a 50 day moving average price of $32.25 and a 200 day moving average price of $34.14.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be given a dividend of $0.0975 per share. This represents a $1.17 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Monday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 254.35%.

Analysts Set New Price Targets

PECO has been the topic of a number of analyst reports. Compass Point lowered their price objective on 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. Wells Fargo & Company decreased their target price on Phillips Edison & Company, Inc. from $35.00 to $34.00 and set an “underweight” rating for the company in a research report on Tuesday, May 28th. Mizuho dropped their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, May 29th. 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $37.43.

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.