RMR Wealth Builders Has $3.18 Million Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

RMR Wealth Builders cut its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,148 shares of the company’s stock after selling 510 shares during the period. RMR Wealth Builders owned about 0.07% of Phillips Edison & Company, Inc. worth $3,179,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its stake in shares of Phillips Edison & Company, Inc. by 46.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 868 shares of the company’s stock worth $29,000 after acquiring an additional 275 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of Phillips Edison & Company, Inc. by 207.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,543 shares of the company’s stock valued at $56,000 after buying an additional 1,041 shares during the period. GAMMA Investing LLC bought a new position in shares of Phillips Edison & Company, Inc. in the fourth quarter worth approximately $73,000. Retirement Financial Solutions LLC bought a new position in shares of Phillips Edison & Company, Inc. in the fourth quarter worth approximately $202,000. Finally, Realta Investment Advisors bought a new position in shares of Phillips Edison & Company, Inc. in the fourth quarter worth approximately $208,000. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Stock Performance

NASDAQ:PECO opened at $33.10 on Thursday. The stock’s fifty day moving average is $34.32 and its 200 day moving average is $34.95. Phillips Edison & Company, Inc. has a fifty-two week low of $27.85 and a fifty-two week high of $37.92. The firm has a market capitalization of $4.05 billion, a PE ratio of 71.96, a PEG ratio of 3.92 and a beta of 0.59.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be paid a $0.0975 dividend. The ex-dividend date 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 payout ratio is 254.35%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft began coverage on Phillips Edison & Company, Inc. in a research note on Tuesday, January 30th. They set a “buy” rating and a $41.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set a “neutral” rating for the company in a report on Wednesday, February 14th. Mizuho raised 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. Finally, Compass Point lowered their price objective on 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $38.14.

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.