Robeco Institutional Asset Management B.V. Buys 232,401 Shares of Phillips Edison & Company, Inc. $PECO

Robeco Institutional Asset Management B.V. boosted its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 216.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 339,781 shares of the company’s stock after purchasing an additional 232,401 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Phillips Edison & Company, Inc. were worth $12,687,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in PECO. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Phillips Edison & Company, Inc. in the second quarter valued at about $3,768,000. Hsbc Holdings PLC grew its position in shares of Phillips Edison & Company, Inc. by 33.5% during the 4th quarter. Hsbc Holdings PLC now owns 248,985 shares of the company’s stock valued at $8,856,000 after acquiring an additional 62,523 shares during the period. Fifth Third Bancorp grew its position in shares of Phillips Edison & Company, Inc. by 4,823.2% during the 1st quarter. Fifth Third Bancorp now owns 34,216 shares of the company’s stock valued at $1,280,000 after acquiring an additional 33,521 shares during the period. First Trust Advisors LP increased its stake in shares of Phillips Edison & Company, Inc. by 210.6% during the 1st quarter. First Trust Advisors LP now owns 119,885 shares of the company’s stock worth $4,486,000 after purchasing an additional 81,293 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Phillips Edison & Company, Inc. during the 2nd quarter worth approximately $6,032,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PECO. Mizuho decreased their target price on Phillips Edison & Company, Inc. from $43.00 to $39.00 and set an “outperform” rating for the company in a research report on Thursday, September 24th. Barclays dropped their price target on Phillips Edison & Company, Inc. from $46.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Monday, September 28th. UBS Group cut their price target on Phillips Edison & Company, Inc. from $46.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, October 9th. JPMorgan Chase & Co. lifted their price objective on Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Finally, Wells Fargo & Company decreased their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $43.20.

Phillips Edison & Company, Inc. Trading Up 0.2%

PECO opened at $38.36 on Friday. Phillips Edison & Company, Inc. has a 12 month low of $33.10 and a 12 month high of $44.38. The company has a market cap of $4.94 billion, a PE ratio of 33.36, a price-to-earnings-growth ratio of 2.29 and a beta of 0.52. The company has a 50 day moving average of $38.25 and a 200 day moving average of $39.89.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its earnings results on Thursday, July 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.35). The company had revenue of $189.62 million for the quarter, compared to analysts’ expectations of $187.46 million. Phillips Edison & Company, Inc. had a return on equity of 5.52% and a net margin of 19.14%. The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 EPS. Research analysts forecast that Phillips Edison & Company, Inc. will post 2.77 earnings per share for the current fiscal 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 given a $0.1150 dividend. The ex-dividend date is Monday, November 16th. This represents a $1.38 annualized dividend and a dividend yield of 3.6%. Phillips Edison & Company, Inc.’s payout ratio is 120.00%.

Phillips Edison & Company, Inc. Company 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.