Financial Partners Group Inc Sells 1,247 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Financial Partners Group Inc trimmed its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,544 shares of the company’s stock after selling 1,247 shares during the quarter. Financial Partners Group Inc’s holdings in Phillips Edison & Company, Inc. were worth $919,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC raised its stake in shares of Phillips Edison & Company, Inc. by 49.2% in the 3rd quarter. Barclays PLC now owns 279,432 shares of the company’s stock valued at $10,538,000 after acquiring an additional 92,129 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Phillips Edison & Company, Inc. by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,094,331 shares of the company’s stock worth $78,977,000 after buying an additional 102,519 shares during the last quarter. Duff & Phelps Investment Management Co. boosted its holdings in shares of Phillips Edison & Company, Inc. by 50.1% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,474,130 shares of the company’s stock worth $55,589,000 after buying an additional 492,160 shares during the period. Natixis Advisors LLC grew its stake in Phillips Edison & Company, Inc. by 132.6% in the 3rd quarter. Natixis Advisors LLC now owns 43,782 shares of the company’s stock valued at $1,651,000 after buying an additional 24,963 shares during the last quarter. Finally, Verition Fund Management LLC raised its holdings in Phillips Edison & Company, Inc. by 191.3% in the 3rd quarter. Verition Fund Management LLC now owns 22,802 shares of the company’s stock worth $860,000 after acquiring an additional 14,975 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Down 1.0 %

Shares of NASDAQ:PECO opened at $36.33 on Monday. The firm has a market capitalization of $4.45 billion, a PE ratio of 78.98, a PEG ratio of 3.17 and a beta of 0.58. Phillips Edison & Company, Inc. has a 1-year low of $30.62 and a 1-year high of $40.12. The business’s 50 day moving average is $37.67 and its 200-day moving average is $37.15.

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 dividend of $0.1025 per share. 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 yield of 3.13%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 267.39%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PECO. Wolfe Research upgraded shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price target for the company in a report on Wednesday, November 13th. Wells Fargo & Company lowered their target price on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price target on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, Mizuho raised their price objective on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a research note 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.50.

Phillips Edison & Company, Inc. Company 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.