232,401 Phillips Edison & Company, Inc. $PECO Shares Acquired by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. increased its PECO position by 216.4% in the third quarter, acquiring 232,401 additional shares and bringing its total holding to 339,781 shares valued at approximately $12.7 million.
• Institutional investors and hedge funds own 80.7% of Phillips Edison’s shares. Analysts have a consensus “Hold” rating with an average price target of $43.20.
• PECO shares opened at $38.36, while the company’s latest quarterly results missed EPS estimates despite revenue growing 6.7% year over year. Phillips Edison also declared a monthly dividend of $0.115 per share, implying a 3.6% annualized yield.

Robeco Institutional Asset Management B.V. increased its position in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) by 216.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 339,781 shares of the company's stock after buying an additional 232,401 shares during the period. Robeco Institutional Asset Management B.V. owned 0.26% of Phillips Edison & Company, Inc. worth $12,687,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in Phillips Edison & Company, Inc. by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,899,214 shares of the company's stock valued at $71,068,000 after purchasing an additional 74,274 shares during the period. Principal Financial Group Inc. increased its stake in Phillips Edison & Company, Inc. by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 612,129 shares of the company's stock valued at $22,906,000 after purchasing an additional 12,155 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Phillips Edison & Company, Inc. by 34.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 483,308 shares of the company's stock worth $18,085,000 after buying an additional 123,601 shares during the last quarter. California Public Employees Retirement System raised its holdings in Phillips Edison & Company, Inc. by 4.0% during the first quarter. California Public Employees Retirement System now owns 261,183 shares of the company's stock worth $9,773,000 after buying an additional 10,017 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Phillips Edison & Company, Inc. by 3.5% during the first quarter. Hsbc Holdings PLC now owns 257,698 shares of the company's stock worth $9,653,000 after buying an additional 8,713 shares during the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PECO has been the topic of a number of recent research reports. Barclays dropped their price objective on shares of Phillips Edison & Company, Inc. from $46.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Monday, September 28th. Mizuho decreased their target price on shares of Phillips Edison & Company, Inc. from $43.00 to $39.00 and set an "outperform" rating for the company in a research report on Thursday, September 24th. JPMorgan Chase & Co. upped their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the stock a "neutral" rating in a report on Tuesday, August 4th. Griffin Securities set a $44.00 price target on shares of Phillips Edison & Company, Inc. in a research report on Monday, September 21st. Finally, Evercore reiterated an "outperform" rating on shares of Phillips Edison & Company, Inc. in a research note on Monday, September 21st. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $43.20.

Phillips Edison & Company, Inc. Price Performance

Shares of PECO stock opened at $38.36 on Friday. The firm has a 50-day moving average of $38.25 and a 200-day moving average of $39.89. The company has a market cap of $4.94 billion, a P/E ratio of 33.36, a P/E/G ratio of 2.29 and a beta of 0.52. Phillips Edison & Company, Inc. has a one year low of $33.10 and a one year high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.35). Phillips Edison & Company, Inc. had a return on equity of 5.52% and a net margin of 19.14%. The firm had revenue of $189.62 million during the quarter, compared to the consensus estimate of $187.46 million. During the same period in the previous year, the company posted $0.64 earnings per share. The company's revenue for the quarter was up 6.7% on a year-over-year basis. As a group, research analysts expect that Phillips Edison & Company, Inc. will post 2.77 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be issued a $0.1150 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.38 annualized dividend and a dividend yield of 3.6%. Phillips Edison & Company, Inc.'s dividend payout ratio is currently 120.00%.

Phillips Edison & Company, Inc. Profile

Phillips Edison & Company, Inc is a real estate investment trust focused on owning, operating and developing grocery-anchored shopping centers in the United States. Its properties are typically located in established communities and are designed to provide consumers with convenient access to essential goods and services.

The company's portfolio includes neighborhood and community shopping centers anchored by grocery stores, alongside complementary tenants such as restaurants, personal care providers, medical offices and other service-oriented businesses.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.