Phillips Edison & Company, Inc. $PECO Stock Position Raised by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 54.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,966 shares of the company’s stock after acquiring an additional 19,682 shares during the quarter. Teacher Retirement System of Texas’ holdings in Phillips Edison & Company, Inc. were worth $1,960,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP increased its stake in shares of Phillips Edison & Company, Inc. by 21,362.5% during the 1st quarter. Quarry LP now owns 1,717 shares of the company’s stock worth $63,000 after purchasing an additional 1,709 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Phillips Edison & Company, Inc. by 20.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,995 shares of the company’s stock valued at $109,000 after purchasing an additional 515 shares during the period. GAMMA Investing LLC boosted its holdings in Phillips Edison & Company, Inc. by 51.9% in the 2nd quarter. GAMMA Investing LLC now owns 4,713 shares of the company’s stock valued at $165,000 after purchasing an additional 1,611 shares during the period. Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of Phillips Edison & Company, Inc. during the second quarter valued at approximately $179,000. Finally, Secure Asset Management LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the second quarter valued at approximately $201,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Performance

PECO opened at $33.88 on Tuesday. The firm has a market cap of $4.26 billion, a P/E ratio of 51.33, a price-to-earnings-growth ratio of 1.46 and a beta of 0.53. Phillips Edison & Company, Inc. has a 52-week low of $32.40 and a 52-week high of $40.12. The business’s fifty day moving average is $34.60 and its 200-day moving average is $34.81.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its earnings results on Thursday, October 23rd. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. The firm had revenue of $178.29 million during the quarter, compared to analysts’ expectations of $177.19 million. Phillips Edison & Company, Inc. had a net margin of 11.51% and a return on equity of 3.14%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 earnings per share. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.620-0.650 EPS. On average, research analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, November 4th. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.1083 per share. The ex-dividend date is Wednesday, October 15th. This represents a c) annualized dividend and a yield of 3.8%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 196.97%.

Analysts Set New Price Targets

Several analysts have recently commented on PECO shares. Barclays increased their target price on Phillips Edison & Company, Inc. from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Monday, October 6th. Wall Street Zen cut Phillips Edison & Company, Inc. from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research note on Wednesday, October 8th. Wells Fargo & Company assumed coverage on Phillips Edison & Company, Inc. in a research report on Tuesday, October 21st. They issued an “equal weight” rating and a $36.00 target price on the stock. Finally, Mizuho lowered their target price on shares of Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, July 17th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $38.86.

About Phillips Edison & Company, Inc.

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.