Phillips Edison & Company, Inc. $PECO Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 42.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,038 shares of the company’s stock after selling 38,500 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Phillips Edison & Company, Inc. were worth $1,943,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PECO. Dimensional Fund Advisors LP raised its stake in Phillips Edison & Company, Inc. by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,899,214 shares of the company’s stock worth $71,068,000 after purchasing an additional 74,274 shares during the period. Principal Financial Group Inc. grew its stake in shares of Phillips Edison & Company, Inc. by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 612,129 shares of the company’s stock valued at $22,906,000 after buying an additional 12,155 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Phillips Edison & Company, Inc. by 34.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 483,308 shares of the company’s stock valued at $18,085,000 after buying an additional 123,601 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Phillips Edison & Company, Inc. by 216.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 339,781 shares of the company’s stock valued at $12,687,000 after buying an additional 232,401 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Phillips Edison & Company, Inc. by 8.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 267,614 shares of the company’s stock worth $9,993,000 after buying an additional 20,196 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Trading Down 0.3%

Shares of PECO opened at $39.58 on Wednesday. The firm has a market cap of $5.09 billion, a P/E ratio of 27.49, a price-to-earnings-growth ratio of 2.37 and a beta of 0.54. Phillips Edison & Company, Inc. has a 12-month low of $33.75 and a 12-month high of $44.38. The company’s 50-day moving average price is $38.14 and its 200 day moving average price is $39.20.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its earnings results on Monday, October 26th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.20). The company had revenue of $193.09 million during the quarter, compared to analyst estimates of $190.17 million. Phillips Edison & Company, Inc. had a net margin of 23.87% and a return on equity of 6.90%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 EPS. Equities research analysts forecast that Phillips Edison & Company, Inc. will post 2.77 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be paid a $0.1150 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 16th. Phillips Edison & Company, Inc.’s payout ratio is 95.83%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Griffin Securities set a $44.00 price target on shares of Phillips Edison & Company, Inc. in a report on Monday, September 21st. Mizuho decreased their price objective on Phillips Edison & Company, Inc. from $43.00 to $39.00 and set an “outperform” rating on the stock in a report on Thursday, September 24th. UBS Group lowered their price objective on Phillips Edison & Company, Inc. from $46.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, October 9th. JPMorgan Chase & Co. increased their price objective on Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Finally, Morgan Stanley raised their target price on Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $43.20.

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.