Oliver Lagore Vanvalin Investment Group Acquires 2,091 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Oliver Lagore Vanvalin Investment Group lifted its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 17.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 13,959 shares of the company’s stock after purchasing an additional 2,091 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in Phillips Edison & Company, Inc. were worth $509,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PECO. Clearstead Advisors LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the third quarter worth $25,000. Public Employees Retirement System of Ohio grew its holdings 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 worth $29,000 after purchasing an additional 275 shares during the last quarter. State of Wyoming bought a new stake in shares of Phillips Edison & Company, Inc. during the second quarter worth $30,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the third quarter worth $42,000. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Phillips Edison & Company, Inc. by 5,000.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,326 shares of the company’s stock valued at $42,000 after acquiring an additional 1,300 shares during the period. Institutional investors own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PECO shares. JPMorgan Chase & Co. cut their price target on 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 set a “buy” rating and a $41.00 price target on the stock. Finally, Mizuho raised Phillips Edison & Company, Inc. from a “neutral” rating to a “buy” rating and upped their price target for the company from $35.00 to $37.00 in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. has an average rating of “Hold” and a consensus price target of $38.14.

Phillips Edison & Company, Inc. Stock Performance

NASDAQ:PECO traded up $0.35 during trading hours on Thursday, hitting $32.37. The stock had a trading volume of 322,960 shares, compared to its average volume of 619,393. Phillips Edison & Company, Inc. has a one year low of $27.85 and a one year high of $37.92. The business’s 50 day moving average is $34.85 and its 200-day moving average is $35.05. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 69.61, a P/E/G ratio of 3.65 and a beta of 0.55.

Phillips Edison & Company, Inc. Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a dividend of $0.0975 per share. This is a boost from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. The ex-dividend date is Friday, April 12th. This represents a $1.17 annualized dividend and a yield of 3.61%. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 254.35%.

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.