Teachers Retirement System of The State of Kentucky Has $3.35 Million Stock Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Teachers Retirement System of The State of Kentucky lowered its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 18.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 89,325 shares of the company’s stock after selling 20,206 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Phillips Edison & Company, Inc. were worth $3,346,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PECO. Allspring Global Investments Holdings LLC acquired a new stake in Phillips Edison & Company, Inc. in the 4th quarter valued at approximately $488,000. Barclays PLC lifted its position in shares of Phillips Edison & Company, Inc. by 49.2% in the third quarter. Barclays PLC now owns 279,432 shares of the company’s stock worth $10,538,000 after purchasing an additional 92,129 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Phillips Edison & Company, Inc. by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,145,517 shares of the company’s stock worth $80,371,000 after purchasing an additional 51,186 shares during the last quarter. Natixis Advisors LLC grew its position in Phillips Edison & Company, Inc. by 24.8% in the fourth quarter. Natixis Advisors LLC now owns 54,647 shares of the company’s stock valued at $2,047,000 after purchasing an additional 10,865 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Phillips Edison & Company, Inc. by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 595,165 shares of the company’s stock valued at $22,295,000 after purchasing an additional 17,235 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PECO shares. Wells Fargo & Company reduced their price objective on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th. JPMorgan Chase & Co. reduced their price target on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Mizuho lowered their price target on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating on the stock in a research 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 company. According to MarketBeat, Phillips Edison & Company, Inc. has an average rating of “Moderate Buy” and an average price target of $38.83.

Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ:PECO opened at $35.79 on Thursday. Phillips Edison & Company, Inc. has a 52-week low of $30.62 and a 52-week high of $40.12. The company has a market capitalization of $4.48 billion, a P/E ratio of 71.58, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57. The company has a 50-day simple moving average of $35.62 and a 200 day simple moving average of $36.93.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.50. Phillips Edison & Company, Inc. had a return on equity of 2.40% and a net margin of 9.48%. As a group, equities analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Tuesday, April 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is 246.00%.

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.