Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC grew its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 2,331.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 137,201 shares of the company’s stock after purchasing an additional 131,558 shares during the period. International Assets Investment Management LLC owned 0.11% of Phillips Edison & Company, Inc. worth $5,005,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Phillips Edison & Company, Inc. by 0.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,862 shares of the company’s stock worth $2,074,000 after purchasing an additional 306 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Phillips Edison & Company, Inc. by 7.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 294,243 shares of the company’s stock worth $10,905,000 after purchasing an additional 21,481 shares during the last quarter. StrategIQ Financial Group LLC boosted its stake in shares of Phillips Edison & Company, Inc. by 2.5% during the 4th quarter. StrategIQ Financial Group LLC now owns 22,364 shares of the company’s stock worth $816,000 after purchasing an additional 547 shares during the last quarter. Realta Investment Advisors acquired a new stake in shares of Phillips Edison & Company, Inc. during the 4th quarter worth about $208,000. Finally, Retirement Financial Solutions LLC acquired a new stake in shares of Phillips Edison & Company, Inc. in the fourth quarter worth approximately $202,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Phillips Edison & Company, Inc. Stock Down 1.0 %

Shares of PECO stock opened at $33.10 on Thursday. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 71.96, a price-to-earnings-growth ratio of 3.92 and a beta of 0.59. Phillips Edison & Company, Inc. has a fifty-two week low of $27.85 and a fifty-two week high of $37.92. The firm’s 50 day moving average price is $34.36 and its two-hundred day moving average price is $34.97.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be given a dividend of $0.0975 per share. The ex-dividend date of this dividend is Monday, July 15th. This represents a $1.17 dividend on an annualized basis and a yield of 3.53%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 254.35%.

About Phillips Edison & Company, Inc.

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.