Money Concepts Capital Corp Has $3.07 Million Stake in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Money Concepts Capital Corp boosted its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,886 shares of the company’s stock after purchasing an additional 1,291 shares during the period. Money Concepts Capital Corp’s holdings in Phillips Edison & Company, Inc. were worth $3,067,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new position in shares of Phillips Edison & Company, Inc. during the 3rd quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new position in shares of Phillips Edison & Company, Inc. in the third quarter valued at $36,000. Blue Trust Inc. increased its holdings in Phillips Edison & Company, Inc. by 15.5% during the third quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock worth $91,000 after buying an additional 325 shares during the last quarter. GAMMA Investing LLC raised its position in Phillips Edison & Company, Inc. by 31.8% during the third quarter. GAMMA Investing LLC now owns 3,330 shares of the company’s stock worth $126,000 after acquiring an additional 803 shares in the last quarter. Finally, Tsfg LLC bought a new stake in Phillips Edison & Company, Inc. during the third quarter worth $127,000. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ PECO opened at $36.34 on Wednesday. The company has a 50 day simple moving average of $37.55 and a 200 day simple moving average of $37.16. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12. The firm has a market cap of $4.46 billion, a PE ratio of 79.00, a price-to-earnings-growth ratio of 3.17 and a beta of 0.58.

Phillips Edison & Company, Inc. Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were issued 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 is presently 267.39%.

Wall Street Analysts Forecast Growth

PECO has been the topic of several recent analyst reports. Wells Fargo & Company lowered their price objective 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. dropped their price objective 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. Wolfe Research raised Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a report on Wednesday, November 13th. Finally, Mizuho increased their price target on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.