Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 18,379 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 38.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,880 shares of the company's stock after acquiring an additional 18,379 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.05% of Phillips Edison & Company, Inc. worth $2,468,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas raised its position in shares of Phillips Edison & Company, Inc. by 15.4% during the 4th quarter. Teacher Retirement System of Texas now owns 32,443 shares of the company's stock valued at $1,215,000 after acquiring an additional 4,320 shares in the last quarter. Xponance Inc. boosted its stake in Phillips Edison & Company, Inc. by 9.6% during the 4th quarter. Xponance Inc. now owns 8,809 shares of the company's stock valued at $330,000 after purchasing an additional 770 shares during the period. Cibc World Markets Corp bought a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter valued at approximately $430,000. Natixis Advisors LLC increased its position in Phillips Edison & Company, Inc. by 24.8% in the 4th quarter. Natixis Advisors LLC now owns 54,647 shares of the company's stock valued at $2,047,000 after acquiring an additional 10,865 shares during the period. Finally, Swiss National Bank grew its stake in shares of Phillips Edison & Company, Inc. by 0.8% in the fourth quarter. Swiss National Bank now owns 240,900 shares of the company's stock worth $9,024,000 after purchasing an additional 1,800 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

Remove Ads

Phillips Edison & Company, Inc. Stock Performance

Shares of Phillips Edison & Company, Inc. stock traded up $0.27 during trading on Friday, reaching $35.96. The company's stock had a trading volume of 733,580 shares, compared to its average volume of 668,855. The business's fifty day moving average price is $36.10 and its 200-day moving average price is $37.27. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 71.92, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Sell-side analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a $0.1025 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.23 dividend on an annualized basis and a yield of 3.42%. Phillips Edison & Company, Inc.'s payout ratio is currently 246.00%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PECO. Mizuho reduced their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company dropped their price target on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Phillips Edison & Company, Inc. presently has a consensus rating of "Moderate Buy" and an average price target of $38.83.

Phillips Edison & Company, Inc. 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.