Creative Financial Designs Inc. ADV Increases Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Defense World · Jan 17, 2023 06:51

Creative Financial Designs Inc. ADV increased its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Rating) by 128.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,646 shares of the company's stock after buying an additional 927 shares during the quarter. Creative Financial Designs Inc. ADV's holdings in Phillips Edison & Company, Inc. were worth $46,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PECO. Ellevest Inc. lifted its holdings in Phillips Edison & Company, Inc. by 3.3% in the second quarter. Ellevest Inc. now owns 10,890 shares of the company's stock valued at $364,000 after acquiring an additional 344 shares during the period. Strs Ohio grew its position in Phillips Edison & Company, Inc. by 0.3% during the second quarter. Strs Ohio now owns 148,835 shares of the company's stock valued at $4,972,000 after buying an additional 375 shares during the period. Coldstream Capital Management Inc. grew its position in Phillips Edison & Company, Inc. by 6.2% during the second quarter. Coldstream Capital Management Inc. now owns 8,411 shares of the company's stock valued at $281,000 after buying an additional 491 shares during the period. EPG Wealth Management LLC increased its holdings in Phillips Edison & Company, Inc. by 1.7% in the second quarter. EPG Wealth Management LLC now owns 30,817 shares of the company's stock valued at $1,030,000 after buying an additional 524 shares in the last quarter. Finally, Regal Investment Advisors LLC raised its position in shares of Phillips Edison & Company, Inc. by 3.6% in the second quarter. Regal Investment Advisors LLC now owns 16,053 shares of the company's stock worth $536,000 after acquiring an additional 555 shares during the period. 70.90% of the stock is owned by hedge funds and other institutional investors.

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Phillips Edison & Company, Inc. Stock Down 0.3 %

PECO opened at $33.71 on Tuesday. The company has a market cap of $3.95 billion, a PE ratio of 134.84, a price-to-earnings-growth ratio of 2.21 and a beta of 0.59. Phillips Edison & Company, Inc. has a twelve month low of $27.07 and a twelve month high of $36.31. The company has a 50-day moving average price of $31.97 and a 200 day moving average price of $31.89.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 15th were given a $0.0933 dividend. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a dividend yield of 3.44%. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is presently 448.00%.

Insider Transactions at Phillips Edison & Company, Inc.

In related news, Director Paul Massey sold 9,600 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $31.42, for a total value of $301,632.00. Following the completion of the transaction, the director now directly owns 10,439 shares of the company's stock, valued at approximately $327,993.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.90% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on PECO. Credit Suisse Group upgraded Phillips Edison & Company, Inc. from a "neutral" rating to an "outperform" rating in a research note on Monday, January 9th. Mizuho cut their price objective on Phillips Edison & Company, Inc. from $35.00 to $31.00 and set a "neutral" rating for the company in a research report on Friday, November 11th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $33.20.

About Phillips Edison & Company, Inc.

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Phillips Edison & Company, Inc (PECO), 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.