Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Sold by GenTrust LLC

GenTrust LLC lowered its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 55.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,833 shares of the company’s stock after selling 7,333 shares during the period. GenTrust LLC’s holdings in Phillips Edison & Company, Inc. were worth $210,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Accel Wealth Management lifted its position in shares of Phillips Edison & Company, Inc. by 2.3% in the first quarter. Accel Wealth Management now owns 31,142 shares of the company’s stock valued at $1,117,000 after acquiring an additional 686 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Phillips Edison & Company, Inc. by 1.7% during the 1st quarter. State of Alaska Department of Revenue now owns 131,259 shares of the company’s stock worth $4,707,000 after purchasing an additional 2,217 shares during the last quarter. AlphaMark Advisors LLC grew its holdings in shares of Phillips Edison & Company, Inc. by 5,420.1% during the first quarter. AlphaMark Advisors LLC now owns 8,501 shares of the company’s stock worth $305,000 after buying an additional 8,347 shares in the last quarter. Cooper Financial Group raised its position in shares of Phillips Edison & Company, Inc. by 6.3% in the first quarter. Cooper Financial Group now owns 40,968 shares of the company’s stock valued at $1,470,000 after buying an additional 2,430 shares during the last quarter. Finally, RFG Advisory LLC purchased a new position in shares of Phillips Edison & Company, Inc. during the first quarter valued at approximately $263,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Up 0.4 %

PECO stock traded up $0.14 during mid-day trading on Thursday, hitting $32.78. 292,396 shares of the company were exchanged, compared to its average volume of 707,340. The firm has a fifty day simple moving average of $32.25 and a 200 day simple moving average of $34.14. The company has a market capitalization of $4.01 billion, a PE ratio of 71.26, a price-to-earnings-growth ratio of 3.30 and a beta of 0.56. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $37.92.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be given a dividend of $0.0975 per share. This represents a $1.17 annualized dividend and a dividend yield of 3.57%. The ex-dividend date is Monday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 254.35%.

Wall Street Analyst Weigh In

PECO has been the topic of a number of research analyst reports. Mizuho decreased their price target on Phillips Edison & Company, Inc. from $37.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, May 29th. Wells Fargo & Company cut their price target on shares of Phillips Edison & Company, Inc. from $35.00 to $34.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 28th. Finally, Compass Point lowered their price objective on shares of Phillips Edison & Company, Inc. from $39.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $37.43.

Phillips Edison & Company, Inc. Company 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.