Public Employees Retirement System of Ohio Boosts Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Public Employees Retirement System of Ohio lifted its position in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 25.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 219,555 shares of the company's stock after buying an additional 45,082 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.18% of Phillips Edison & Company, Inc. worth $8,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Blue Trust Inc. increased its position in shares of Phillips Edison & Company, Inc. by 160.2% during the 2nd quarter. Blue Trust Inc. now owns 2,095 shares of the company's stock valued at $75,000 after purchasing an additional 1,290 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Phillips Edison & Company, Inc. by 4.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 41,437 shares of the company's stock valued at $1,359,000 after buying an additional 1,776 shares in the last quarter. Hobbs Group Advisors LLC bought a new position in shares of Phillips Edison & Company, Inc. during the 2nd quarter valued at approximately $39,000. Atria Wealth Solutions Inc. increased its holdings in Phillips Edison & Company, Inc. by 2.1% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 72,074 shares of the company's stock worth $2,363,000 after acquiring an additional 1,474 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in Phillips Edison & Company, Inc. during the 2nd quarter worth approximately $26,000. Institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Price Performance

NASDAQ PECO remained flat at $39.20 during trading on Friday. The company's stock had a trading volume of 606,053 shares, compared to its average volume of 671,853. The firm has a market capitalization of $4.81 billion, a P/E ratio of 85.22, a P/E/G ratio of 3.58 and a beta of 0.57. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $40.12. The company has a 50-day moving average of $38.18 and a 200-day moving average of $35.91.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.52). Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The business had revenue of $165.50 million during the quarter, compared to the consensus estimate of $157.20 million. During the same quarter in the prior year, the firm posted $0.58 EPS. The company's revenue for the quarter was up 8.5% on a year-over-year basis. Equities analysts forecast that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.1025 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.23 annualized dividend and a yield of 3.14%. Phillips Edison & Company, Inc.'s payout ratio is currently 267.39%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Compass Point increased their price objective on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 10th. Mizuho upped their price objective on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Tuesday. Wolfe Research raised 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 report on Wednesday, November 13th. Finally, Wells Fargo & Company raised shares of Phillips Edison & Company, Inc. from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $34.00 to $37.00 in a report on Wednesday, August 28th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $39.14.

Phillips Edison & Company, Inc. Profile

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.