Teachers Retirement System of The State of Kentucky Has $3.53 Million Stock Position in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Teachers Retirement System of The State of Kentucky decreased its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 3.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,369 shares of the company’s stock after selling 3,860 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.08% of Phillips Edison & Company, Inc. worth $3,528,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. raised its holdings in Phillips Edison & Company, Inc. by 11.6% in the 4th quarter. NBC Securities Inc. now owns 9,670 shares of the company’s stock valued at $352,000 after acquiring an additional 1,003 shares in the last quarter. GRS Advisors LLC acquired a new position in shares of Phillips Edison & Company, Inc. in the 4th quarter worth approximately $26,042,000. Coppell Advisory Solutions Corp. acquired a new position in shares of Phillips Edison & Company, Inc. in the 1st quarter worth approximately $607,000. PFG Investments LLC raised its holdings in shares of Phillips Edison & Company, Inc. by 403.6% in the 1st quarter. PFG Investments LLC now owns 36,819 shares of the company’s stock worth $1,321,000 after buying an additional 29,508 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Phillips Edison & Company, Inc. by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 18,759,585 shares of the company’s stock worth $684,350,000 after buying an additional 266,832 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, May 29th. Compass Point dropped their target price on Phillips Edison & Company, Inc. from $39.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Mizuho dropped their target price on Phillips Edison & Company, Inc. from $37.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Finally, Wells Fargo & Company dropped their target price on Phillips Edison & Company, Inc. from $35.00 to $34.00 and set an “underweight” rating for the company in a report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $37.43.

Phillips Edison & Company, Inc. Trading Down 0.6 %

NASDAQ PECO traded down $0.22 during trading hours on Friday, reaching $35.05. 871,017 shares of the company’s stock were exchanged, compared to its average volume of 779,338. The stock has a market cap of $4.29 billion, a PE ratio of 76.20, a price-to-earnings-growth ratio of 3.35 and a beta of 0.56. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $37.92. The firm has a fifty day moving average of $32.93 and a 200-day moving average of $33.82.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.48). The business had revenue of $161.52 million for the quarter, compared to the consensus estimate of $156.29 million. Phillips Edison & Company, Inc. had a return on equity of 2.23% and a net margin of 9.32%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company earned $0.59 earnings per share. As a group, research analysts forecast that Phillips Edison & Company, Inc. will post 2.41 EPS for the current year.

Phillips Edison & Company, Inc. Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th will be given a $0.097 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.16 dividend on an annualized basis and a yield of 3.32%. Phillips Edison & Company, Inc.’s payout ratio is 254.35%.

Phillips Edison & Company, Inc. Company 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.