Osaic Holdings Inc. Sells 11,928 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Osaic Holdings Inc. decreased its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 3.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 335,126 shares of the company’s stock after selling 11,928 shares during the quarter. Osaic Holdings Inc.’s holdings in Phillips Edison & Company, Inc. were worth $12,021,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. NBC Securities Inc. boosted its position in Phillips Edison & Company, Inc. by 11.6% during the fourth quarter. NBC Securities Inc. now owns 9,670 shares of the company’s stock worth $352,000 after purchasing an additional 1,003 shares during the period. GRS Advisors LLC bought a new position in Phillips Edison & Company, Inc. in the 4th quarter valued at about $26,042,000. PFG Investments LLC raised its position in shares of Phillips Edison & Company, Inc. by 403.6% in the first quarter. PFG Investments LLC now owns 36,819 shares of the company’s stock valued at $1,321,000 after buying an additional 29,508 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Phillips Edison & Company, Inc. by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 18,759,585 shares of the company’s stock valued at $684,350,000 after buying an additional 266,832 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Phillips Edison & Company, Inc. by 8.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,872,476 shares of the company’s stock worth $68,308,000 after buying an additional 145,078 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Phillips Edison & Company, Inc. Price Performance

Shares of PECO stock traded down $0.19 during trading hours on Tuesday, reaching $34.90. The company had a trading volume of 11,198 shares, compared to its average volume of 646,094. The business has a fifty day simple moving average of $32.47 and a 200-day simple moving average of $33.86. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $37.92. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 76.28, a price-to-earnings-growth ratio of 3.53 and a beta of 0.56.

Phillips Edison & Company, Inc. Dividend Announcement

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 issued a dividend of $0.0975 per share. This represents a $1.17 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Monday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 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.