RMR Wealth Builders Trims Stake in Phillips Edison & Company, Inc. (NASDAQ:PECO)

RMR Wealth Builders lowered its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,148 shares of the company’s stock after selling 510 shares during the quarter. RMR Wealth Builders’ holdings in Phillips Edison & Company, Inc. were worth $3,179,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Barlow Wealth Partners Inc. purchased a new stake in Phillips Edison & Company, Inc. in the fourth quarter valued at $260,000. Charles Schwab Investment Management Inc. raised its position in Phillips Edison & Company, Inc. by 8.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,872,476 shares of the company’s stock valued at $68,308,000 after purchasing an additional 145,078 shares during the period. Private Advisor Group LLC purchased a new stake in Phillips Edison & Company, Inc. in the fourth quarter valued at $264,000. Spire Wealth Management raised its position in Phillips Edison & Company, Inc. by 10.2% in the fourth quarter. Spire Wealth Management now owns 37,787 shares of the company’s stock valued at $1,347,000 after purchasing an additional 3,506 shares during the period. Finally, Natixis Advisors L.P. raised its position in Phillips Edison & Company, Inc. by 7.4% in the fourth quarter. Natixis Advisors L.P. now owns 30,194 shares of the company’s stock valued at $1,101,000 after purchasing an additional 2,073 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ PECO opened at $33.10 on Thursday. The stock’s 50-day moving average is $34.32 and its two-hundred day moving average is $34.95. Phillips Edison & Company, Inc. has a 1-year low of $27.85 and a 1-year high of $37.92. The company 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. Dividend Announcement

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

Analyst Ratings Changes

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