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

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% in the fourth quarter, according to the company in its most recent Form 13F filing 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 0.07% of Phillips Edison & Company, Inc. worth $3,346,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP raised its stake in shares of Phillips Edison & Company, Inc. by 94.6% during the 4th quarter. Allworth Financial LP now owns 1,621 shares of the company's stock worth $58,000 after acquiring an additional 788 shares in the last quarter. FIL Ltd grew its holdings in Phillips Edison & Company, Inc. by 17.8% in the fourth quarter. FIL Ltd now owns 2,155 shares of the company's stock worth $81,000 after purchasing an additional 325 shares during the last quarter. Blue Trust Inc. increased its position in shares of 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 purchasing an additional 603 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Phillips Edison & Company, Inc. by 784.3% during the 4th quarter. Sterling Capital Management LLC now owns 3,387 shares of the company's stock valued at $127,000 after purchasing an additional 3,004 shares during the last quarter. Finally, Eukles Asset Management purchased a new stake in shares of Phillips Edison & Company, Inc. during the 4th quarter valued at $156,000. Institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Price Performance

PECO traded down $0.18 on Tuesday, reaching $34.83. 123,148 shares of the stock were exchanged, compared to its average volume of 704,477. The company's 50-day moving average price is $35.55 and its 200 day moving average price is $36.92. The firm has a market capitalization of $4.36 billion, a PE ratio of 69.64, a PEG ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.02. The firm had revenue of $178.31 million during the quarter, compared to analysts' expectations of $170.59 million. Phillips Edison & Company, Inc. had a return on equity of 2.40% and a net margin of 9.48%. The company's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. As a group, equities analysts forecast 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 disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a $0.1025 dividend. This represents a $1.23 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Tuesday, April 15th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is currently 215.79%.

Analysts Set New Price Targets

PECO has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their target price on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Mizuho cut their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th. Finally, Wells Fargo & Company decreased 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 report on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.83.

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.