Teacher Retirement System of Texas Has $1.44 Million Stake in Phillips Edison & Company, Inc. $PECO

Teacher Retirement System of Texas lowered its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 24.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,020 shares of the company’s stock after selling 13,946 shares during the period. Teacher Retirement System of Texas’ holdings in Phillips Edison & Company, Inc. were worth $1,443,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in PECO. Royal Bank of Canada boosted its stake in Phillips Edison & Company, Inc. by 12.8% in the 1st quarter. Royal Bank of Canada now owns 81,726 shares of the company’s stock valued at $2,982,000 after purchasing an additional 9,250 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Phillips Edison & Company, Inc. by 8.2% during the first quarter. AQR Capital Management LLC now owns 11,091 shares of the company’s stock worth $405,000 after buying an additional 845 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Phillips Edison & Company, Inc. in the first quarter valued at about $333,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Phillips Edison & Company, Inc. by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,111 shares of the company’s stock valued at $2,668,000 after acquiring an additional 3,199 shares in the last quarter. Finally, Polaris Capital Management LLC bought a new position in Phillips Edison & Company, Inc. during the second quarter worth about $1,618,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Price Performance

Shares of PECO opened at $36.23 on Friday. The firm has a 50 day simple moving average of $35.39 and a two-hundred day simple moving average of $34.80. Phillips Edison & Company, Inc. has a one year low of $32.40 and a one year high of $37.65. The company has a market cap of $4.56 billion, a P/E ratio of 54.89, a P/E/G ratio of 0.91 and a beta of 0.53.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be given a dividend of $0.1083 per share. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, February 17th. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 196.97%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PECO. Barclays reissued a “positive” rating and issued a $41.00 price objective on shares of Phillips Edison & Company, Inc. in a report on Tuesday, January 13th. Evercore ISI started coverage on Phillips Edison & Company, Inc. in a research note on Thursday, January 15th. They issued an “outperform” rating and a $41.00 price target for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research note on Thursday, January 22nd. Wall Street Zen upgraded Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Morgan Stanley raised their price target on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Phillips Edison & Company, Inc. presently has a consensus rating of “Hold” and a consensus target price of $38.86.

About Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of grocery-anchored, necessity-based shopping centers. The company’s investment strategy is centered on properties that benefit from everyday consumer demand, seeking to deliver stable cash flows through long-term, triple-net leases with national and regional tenants in the grocery, drugstore and essential retail sectors.

In addition to its core retail portfolio, Phillips Edison & Company provides integrated services covering property management, asset management, leasing, development and acquisition sourcing.