Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Acquired by KBC Group NV

KBC Group NV increased its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 21.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,902 shares of the company’s stock after purchasing an additional 700 shares during the period. KBC Group NV’s holdings in Phillips Edison & Company, Inc. were worth $147,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sei Investments Co. acquired a new position in shares of Phillips Edison & Company, Inc. during the 1st quarter valued at $1,202,000. Russell Investments Group Ltd. grew its stake in shares of Phillips Edison & Company, Inc. by 49.8% in the first quarter. Russell Investments Group Ltd. now owns 37,603 shares of the company’s stock valued at $1,349,000 after buying an additional 12,493 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Phillips Edison & Company, Inc. by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 19,337,030 shares of the company’s stock valued at $693,619,000 after buying an additional 577,445 shares during the period. American International Group Inc. lifted its position in Phillips Edison & Company, Inc. by 1.1% during the 1st quarter. American International Group Inc. now owns 65,003 shares of the company’s stock worth $2,332,000 after acquiring an additional 699 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Phillips Edison & Company, Inc. by 8.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 62,874 shares of the company’s stock worth $2,256,000 after acquiring an additional 4,916 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wells Fargo & Company raised shares of Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $34.00 to $37.00 in a research report on Wednesday, August 28th. Wolfe Research raised shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a research report on Wednesday, November 13th. Mizuho lifted their target price on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Finally, Compass Point increased their price target on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $38.43.

Phillips Edison & Company, Inc. Stock Performance

Shares of Phillips Edison & Company, Inc. stock opened at $39.05 on Friday. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $39.83. The firm’s 50-day simple moving average is $37.78 and its 200-day simple moving average is $35.19. The firm has a market cap of $4.79 billion, a PE ratio of 84.89, a price-to-earnings-growth ratio of 3.60 and a beta of 0.57.

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

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Tuesday, February 18th. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 267.39%.

Phillips Edison & Company, Inc. Company Profile

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.