Phillips Edison & Company, Inc. (NASDAQ:PECO) Position Raised by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECOGet Rating) by 5,867.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,729 shares of the company’s stock after acquiring an additional 5,633 shares during the period. Daiwa Securities Group Inc.’s holdings in Phillips Edison & Company, Inc. were worth $189,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in PECO. Kalos Management Inc. bought a new stake in Phillips Edison & Company, Inc. in the 4th quarter valued at about $27,579,000. New York State Common Retirement Fund raised its holdings in shares of Phillips Edison & Company, Inc. by 53.2% during the fourth quarter. New York State Common Retirement Fund now owns 12,559 shares of the company’s stock valued at $415,000 after buying an additional 4,359 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter valued at approximately $922,000. WealthPLAN Partners LLC acquired a new position in shares of Phillips Edison & Company, Inc. during the fourth quarter worth approximately $1,033,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Phillips Edison & Company, Inc. in the 4th quarter worth approximately $199,000. Institutional investors and hedge funds own 29.90% of the company’s stock.

A number of research analysts have issued reports on PECO shares. Mizuho boosted their price target on Phillips Edison & Company, Inc. from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, February 15th. Zacks Investment Research raised shares of Phillips Edison & Company, Inc. from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Wednesday, February 2nd. Compass Point initiated coverage on shares of Phillips Edison & Company, Inc. in a research note on Friday. They set a “neutral” rating and a $36.50 target price on the stock. Morgan Stanley lowered shares of Phillips Edison & Company, Inc. from an “overweight” rating to an “equal weight” rating and set a $37.00 price target for the company. in a research note on Wednesday, March 9th. Finally, Wolfe Research initiated coverage on shares of Phillips Edison & Company, Inc. in a report on Monday, January 10th. They issued an “outperform” rating for the company. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $34.50.

Shares of PECO opened at $35.21 on Friday. The business’s 50-day moving average is $33.78 and its 200-day moving average is $32.76. Phillips Edison & Company, Inc. has a fifty-two week low of $26.51 and a fifty-two week high of $36.35.

Phillips Edison & Company, Inc. (NASDAQ:PECOGet Rating) last announced its quarterly earnings data on Wednesday, February 9th. The company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.06). Phillips Edison & Company, Inc. had a net margin of 2.84% and a return on equity of 0.67%. On average, sell-side analysts expect that Phillips Edison & Company, Inc. will post 2.14 EPS for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Monday, May 2nd. Stockholders of record on Friday, April 15th will be paid a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Wednesday, April 13th.

Phillips Edison & Company, Inc. Profile (Get Rating)

Phillips Edison & Company, Inc (ÂPECOÂ), an internally-managed REIT, is one of the nation's largest owners and operators of grocery-anchored shopping centers. PECO's diversified portfolio of well-occupied neighborhood shopping centers features a mix of national and regional retailers selling necessity-based goods and services in fundamentally strong markets throughout the United States.

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Institutional Ownership by Quarter for Phillips Edison & Company, Inc. (NASDAQ:PECO)

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