7,126 Shares in Phillips Edison & Company, Inc. (NASDAQ:PECO) Purchased by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. purchased a new stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,126 shares of the company’s stock, valued at approximately $260,000.

Other hedge funds also recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its position in shares of Phillips Edison & Company, Inc. by 46.4% during the third quarter. Public Employees Retirement System of Ohio now owns 868 shares of the company’s stock valued at $29,000 after purchasing an additional 275 shares during the period. Creative Financial Designs Inc. ADV boosted its stake 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 worth $56,000 after buying an additional 1,041 shares in the last quarter. GAMMA Investing LLC bought a new stake in Phillips Edison & Company, Inc. in the 4th quarter valued at $73,000. Retirement Financial Solutions LLC acquired a new position in shares of Phillips Edison & Company, Inc. in the 4th quarter valued at $202,000. Finally, Realta Investment Advisors bought a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter worth about $208,000. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ:PECO traded up $0.61 during trading on Tuesday, reaching $33.42. The stock had a trading volume of 474,612 shares, compared to its average volume of 621,044. The stock has a market capitalization of $4.09 billion, a PE ratio of 72.57, a P/E/G ratio of 3.92 and a beta of 0.59. Phillips Edison & Company, Inc. has a 52 week low of $27.85 and a 52 week high of $37.92. The business’s 50-day moving average price is $34.39 and its 200 day moving average price is $34.97.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be given a $0.0975 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $1.17 annualized dividend and a yield of 3.50%. Phillips Edison & Company, Inc.’s payout ratio is 254.35%.

Wall Street Analyst Weigh In

PECO has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Deutsche Bank Aktiengesellschaft started coverage on Phillips Edison & Company, Inc. in a research note on Tuesday, January 30th. They issued a “buy” rating and a $41.00 price objective on the stock. Compass Point cut their target price on Phillips Edison & Company, Inc. from $39.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Finally, Mizuho raised Phillips Edison & Company, Inc. from a “neutral” rating to a “buy” rating and boosted their price target for the company from $35.00 to $37.00 in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $38.14.

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.