Oliver Lagore Vanvalin Investment Group Raises Stake in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Oliver Lagore Vanvalin Investment Group raised its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 17.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,959 shares of the company’s stock after acquiring an additional 2,091 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in Phillips Edison & Company, Inc. were worth $509,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its holdings in Phillips Edison & Company, Inc. by 46.4% during the third quarter. Public Employees Retirement System of Ohio now owns 868 shares of the company’s stock valued at $29,000 after purchasing an additional 275 shares during the last quarter. State of Wyoming bought a new stake in shares of Phillips Edison & Company, Inc. during the second quarter valued at about $30,000. Clearstead Advisors LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the third quarter valued at about $25,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the third quarter valued at about $42,000. Finally, Rockefeller Capital Management L.P. increased its position in shares of Phillips Edison & Company, Inc. by 5,000.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,326 shares of the company’s stock valued at $42,000 after buying an additional 1,300 shares during the period. 80.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PECO. JPMorgan Chase & Co. decreased their price objective 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. Mizuho upgraded shares of Phillips Edison & Company, Inc. from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $35.00 to $37.00 in a research report on Friday, February 23rd. 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 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $38.14.

Phillips Edison & Company, Inc. Stock Performance

PECO stock traded up $0.35 on Thursday, reaching $32.37. The company’s stock had a trading volume of 322,960 shares, compared to its average volume of 619,393. Phillips Edison & Company, Inc. has a 12-month low of $27.85 and a 12-month high of $37.92. The business has a fifty day simple moving average of $34.85 and a two-hundred day simple moving average of $35.05. The firm has a market cap of $3.96 billion, a PE ratio of 69.61, a PEG ratio of 3.65 and a beta of 0.55.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be paid a dividend of $0.0975 per share. This is an increase from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Friday, April 12th. Phillips Edison & Company, Inc.’s payout ratio is currently 254.35%.

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.