New York State Teachers Retirement System Has $1.14 Million Stock Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

New York State Teachers Retirement System decreased its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 2.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,100 shares of the company’s stock after selling 900 shares during the period. New York State Teachers Retirement System’s holdings in Phillips Edison & Company, Inc. were worth $1,135,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new position in Phillips Edison & Company, Inc. during the 3rd quarter worth approximately $28,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Phillips Edison & Company, Inc. in the 2nd quarter valued at approximately $26,000. Hobbs Group Advisors LLC bought a new position in shares of Phillips Edison & Company, Inc. in the second quarter valued at $39,000. PFG Private Wealth Management LLC acquired a new position in Phillips Edison & Company, Inc. during the second quarter worth $62,000. Finally, Blue Trust Inc. lifted its stake in Phillips Edison & Company, Inc. by 160.2% in the second quarter. Blue Trust Inc. now owns 2,095 shares of the company’s stock valued at $75,000 after acquiring an additional 1,290 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on PECO. Compass Point boosted their price target on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Mizuho lifted their target price on shares of Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Finally, Wells Fargo & Company upgraded shares of Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $34.00 to $37.00 in a research note on Wednesday, August 28th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $37.50.

Phillips Edison & Company, Inc. Trading Up 0.3 %

NASDAQ PECO opened at $38.97 on Friday. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 84.72, a PEG ratio of 3.59 and a beta of 0.57. The company has a 50 day moving average of $37.46 and a 200-day moving average of $34.82. Phillips Edison & Company, Inc. has a 1-year low of $30.62 and a 1-year high of $39.58.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.52). Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The firm had revenue of $165.50 million for the quarter, compared to the consensus estimate of $157.20 million. During the same period last year, the company posted $0.58 EPS. The business’s revenue was up 8.5% on a year-over-year basis. On average, equities research analysts forecast that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Tuesday, February 18th. Phillips Edison & Company, Inc.’s payout ratio is 267.39%.

About Phillips Edison & Company, Inc.

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.