UniSuper Management Pty Ltd Purchases 28,816 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

UniSuper Management Pty Ltd grew its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 86.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 62,216 shares of the company’s stock after buying an additional 28,816 shares during the quarter. UniSuper Management Pty Ltd owned 0.05% of Phillips Edison & Company, Inc. worth $2,232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PECO. Public Employees Retirement System of Ohio boosted its holdings in Phillips Edison & Company, Inc. by 46.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 868 shares of the company’s stock valued at $29,000 after acquiring an additional 275 shares during the period. Creekmur Asset Management LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter worth $32,000. Quadrant Capital Group LLC boosted its stake in shares of Phillips Edison & Company, Inc. by 197.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,190 shares of the company’s stock valued at $43,000 after purchasing an additional 790 shares during the period. GAMMA Investing LLC bought a new position in shares of Phillips Edison & Company, Inc. in the fourth quarter worth about $73,000. Finally, Massmutual Trust Co. FSB ADV purchased a new position in Phillips Edison & Company, Inc. in the 1st quarter worth about $76,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on PECO shares. Wells Fargo & Company dropped 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 research note on Tuesday, May 28th. Mizuho reduced their price objective on Phillips Edison & Company, Inc. from $37.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on 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. Finally, Compass Point cut their price target on Phillips Edison & Company, Inc. from $39.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $37.43.

Phillips Edison & Company, Inc. Trading Down 2.9 %

Shares of PECO traded down $1.02 during trading hours on Wednesday, hitting $34.04. The company had a trading volume of 729,521 shares, compared to its average volume of 653,489. The company has a market capitalization of $4.17 billion, a PE ratio of 76.22, a price-to-earnings-growth ratio of 3.55 and a beta of 0.56. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $37.92. The company’s fifty day moving average price is $32.52 and its two-hundred day moving average price is $33.85.

Phillips Edison & Company, Inc. Dividend Announcement

The business 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 of this dividend is Monday, July 15th. This represents a $1.17 annualized dividend and a yield of 3.44%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 254.35%.

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.