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

Calton & Associates Inc. cut its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 have also recently modified their holdings of PECO. V Square Quantitative Management LLC purchased a new stake in Phillips Edison & Company, Inc. in the third quarter worth about $28,000. Legacy Investment Solutions LLC bought a new stake in shares of Phillips Edison & Company, Inc. in the 3rd quarter valued at about $36,000. Blue Trust Inc. raised its holdings 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 purchasing an additional 325 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Phillips Edison & Company, Inc. by 31.8% in the 3rd quarter. GAMMA Investing LLC now owns 3,330 shares of the company’s stock worth $126,000 after purchasing an additional 803 shares during the period. Finally, Tsfg LLC bought a new position in shares of Phillips Edison & Company, Inc. during the third quarter valued at approximately $127,000. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Up 1.2 %

Shares of PECO opened at $36.71 on Friday. The firm has a market cap of $4.50 billion, a PE ratio of 79.80, a P/E/G ratio of 3.17 and a beta of 0.59. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The stock has a fifty day moving average price of $37.73 and a 200-day moving average price of $37.10.

Phillips Edison & Company, Inc. Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating for the company in a research note on Wednesday. Mizuho boosted their price target on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Wolfe Research upgraded Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. cut their target price on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. presently has an average rating of “Moderate Buy” and an average target price 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.