Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stock Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 38.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 65,880 shares of the company’s stock after acquiring an additional 18,379 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Phillips Edison & Company, Inc. were worth $2,468,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC raised its holdings in shares of Phillips Edison & Company, Inc. by 132.6% during the third quarter. Natixis Advisors LLC now owns 43,782 shares of the company’s stock valued at $1,651,000 after acquiring an additional 24,963 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Phillips Edison & Company, Inc. in the 3rd quarter valued at $468,000. Intech Investment Management LLC acquired a new stake in Phillips Edison & Company, Inc. during the 3rd quarter worth $877,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Phillips Edison & Company, Inc. by 5.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,108,716 shares of the company’s stock worth $41,810,000 after buying an additional 56,897 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Phillips Edison & Company, Inc. by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,094,331 shares of the company’s stock valued at $78,977,000 after buying an additional 102,519 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Performance

PECO opened at $35.77 on Tuesday. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $40.12. The company has a market cap of $4.48 billion, a P/E ratio of 71.54, a PEG ratio of 1.70 and a beta of 0.57. The business’s 50-day simple moving average is $36.09 and its 200-day simple moving average is $37.30.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates 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%. As a group, analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have commented on PECO. JPMorgan Chase & Co. cut their price objective on shares of 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 lowered their price objective on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Finally, Mizuho cut their target price on 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Phillips Edison & Company, Inc. currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Phillips Edison & Company, Inc. Company 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.