Teachers Retirement System of The State of Kentucky lowered its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 18.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,325 shares of the company's stock after selling 20,206 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.07% of Phillips Edison & Company, Inc. worth $3,346,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Allworth Financial LP grew its position in Phillips Edison & Company, Inc. by 94.6% during the fourth quarter. Allworth Financial LP now owns 1,621 shares of the company's stock valued at $58,000 after acquiring an additional 788 shares during the period. FIL Ltd lifted its position in Phillips Edison & Company, Inc. by 17.8% during the fourth quarter. FIL Ltd now owns 2,155 shares of the company's stock valued at $81,000 after buying an additional 325 shares in the last quarter. Blue Trust Inc. grew its stake in Phillips Edison & Company, Inc. by 24.9% during the fourth quarter. Blue Trust Inc. now owns 3,023 shares of the company's stock worth $113,000 after buying an additional 603 shares during the period. Sterling Capital Management LLC increased its position in shares of Phillips Edison & Company, Inc. by 784.3% in the fourth quarter. Sterling Capital Management LLC now owns 3,387 shares of the company's stock worth $127,000 after acquiring an additional 3,004 shares in the last quarter. Finally, Eukles Asset Management purchased a new position in shares of Phillips Edison & Company, Inc. in the 4th quarter valued at $156,000. Institutional investors and hedge funds own 80.70% of the company's stock.
Phillips Edison & Company, Inc. Stock Down 0.2 %
Shares of Phillips Edison & Company, Inc. stock traded down $0.06 on Monday, hitting $35.02. 586,414 shares of the company's stock traded hands, compared to its average volume of 706,728. Phillips Edison & Company, Inc. has a 52-week low of $30.62 and a 52-week high of $40.12. The stock has a market cap of $4.38 billion, a P/E ratio of 70.04, a PEG ratio of 1.70 and a beta of 0.57. The firm's 50-day moving average is $35.57 and its 200 day moving average is $36.92.
Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.02. The firm had revenue of $178.31 million for the quarter, compared to the consensus estimate of $170.59 million. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. The firm's revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. Equities research analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.
Phillips Edison & Company, Inc. Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a yield of 3.51%. The ex-dividend date is Tuesday, April 15th. Phillips Edison & Company, Inc.'s payout ratio is currently 215.79%.
Analyst Ratings Changes
PECO has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price target on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Wells Fargo & Company decreased their target price on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Finally, Mizuho decreased their price target on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating for the company in a report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Phillips Edison & Company, Inc. has an average rating of "Moderate Buy" and an average target price of $38.83.
Check Out Our Latest Report on PECO
Phillips Edison & Company, Inc. Company Profile
(
Free Report)
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.
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