Global Wealth Management Investment Advisory Inc. Has $226,000 Stock Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Global Wealth Management Investment Advisory Inc. trimmed its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 40.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,023 shares of the company’s stock after selling 4,017 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Phillips Edison & Company, Inc. were worth $226,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. M&T Bank Corp lifted its position in Phillips Edison & Company, Inc. by 2.9% during the 3rd quarter. M&T Bank Corp now owns 10,883 shares of the company’s stock worth $410,000 after buying an additional 307 shares in the last quarter. Blue Trust Inc. lifted its position in Phillips Edison & Company, Inc. by 15.5% during the 3rd quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock worth $91,000 after buying an additional 325 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Phillips Edison & Company, Inc. by 0.3% during the 4th quarter. State of Alaska Department of Revenue now owns 128,465 shares of the company’s stock worth $4,811,000 after buying an additional 344 shares in the last quarter. Private Advisor Group LLC lifted its position in Phillips Edison & Company, Inc. by 6.5% during the 3rd quarter. Private Advisor Group LLC now owns 8,009 shares of the company’s stock worth $302,000 after buying an additional 487 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of Phillips Edison & Company, Inc. by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 20,185 shares of the company’s stock worth $756,000 after purchasing an additional 510 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PECO shares. Mizuho upped their price target on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Wolfe Research upgraded shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price target on the stock in a research note on Wednesday, November 13th. Wells Fargo & Company decreased their price target on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Phillips Edison & Company, Inc. has an average rating of “Moderate Buy” and a consensus price target of $39.50.

Phillips Edison & Company, Inc. Trading Up 1.9 %

Shares of Phillips Edison & Company, Inc. stock opened at $37.32 on Monday. The company has a 50 day moving average of $37.38 and a 200-day moving average of $37.21. Phillips Edison & Company, Inc. has a 1-year low of $30.62 and a 1-year high of $40.12. The company has a market cap of $4.58 billion, a PE ratio of 74.64, a price-to-earnings-growth ratio of 1.76 and a beta of 0.58.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.50. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. Research analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were paid a $0.1025 dividend. This is an increase from Phillips Edison & Company, Inc.’s previous dividend of $0.10. The ex-dividend date of this dividend was Monday, December 16th. This represents a yield of 3.13%. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 246.00%.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Co, Inc is a real estate investment trust, which engages in the ownership and operation of shopping centers. It also offers an investment management business providing property management and advisory services. Its portfolio consists of well-occupied, grocery-anchored neighborhood and community shopping centers having a mix of national, regional, and local retailers offering necessity-based goods and services.