Mutual of America Capital Management LLC Sells 2,121 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Mutual of America Capital Management LLC lessened its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 76,472 shares of the company’s stock after selling 2,121 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of Phillips Edison & Company, Inc. worth $2,790,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Public Employees Retirement System of Ohio lifted its stake in shares of Phillips Edison & Company, Inc. by 46.4% in the third quarter. Public Employees Retirement System of Ohio now owns 868 shares of the company’s stock valued at $29,000 after buying an additional 275 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Phillips Edison & Company, Inc. by 0.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,862 shares of the company’s stock valued at $2,074,000 after buying an additional 306 shares during the period. Vident Investment Advisory LLC lifted its stake in shares of Phillips Edison & Company, Inc. by 0.9% in the fourth quarter. Vident Investment Advisory LLC now owns 35,349 shares of the company’s stock valued at $1,126,000 after buying an additional 325 shares during the period. M&T Bank Corp lifted its stake in shares of Phillips Edison & Company, Inc. by 3.5% in the third quarter. M&T Bank Corp now owns 10,033 shares of the company’s stock valued at $281,000 after buying an additional 337 shares during the period. Finally, Demars Financial Group LLC lifted its stake in shares of Phillips Edison & Company, Inc. by 2.8% in the third quarter. Demars Financial Group LLC now owns 12,993 shares of the company’s stock valued at $436,000 after buying an additional 357 shares during the period. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Up 1.2 %

NASDAQ PECO opened at $32.41 on Friday. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 70.46, a PEG ratio of 3.65 and a beta of 0.55. The company has a 50 day moving average of $34.80 and a 200-day moving average of $35.03. Phillips Edison & Company, Inc. has a 1-year low of $27.85 and a 1-year high of $37.92.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a dividend of $0.0975 per share. This is a positive change from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.17 annualized dividend and a dividend yield of 3.61%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 254.35%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, January 30th. They issued a “buy” rating and a $41.00 target price for the company. JPMorgan Chase & Co. dropped their price target on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Finally, Mizuho raised shares of Phillips Edison & Company, Inc. from a “neutral” rating to a “buy” rating and increased their price target for the stock from $35.00 to $37.00 in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $38.14.

About Phillips Edison & Company, Inc.

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.