KBC Group NV Has $166,000 Stake in Phillips Edison & Company, Inc. (NASDAQ:PECO)

KBC Group NV raised its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 13.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,424 shares of the company’s stock after acquiring an additional 522 shares during the quarter. KBC Group NV’s holdings in Phillips Edison & Company, Inc. were worth $166,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PECO. V Square Quantitative Management LLC acquired a new position in Phillips Edison & Company, Inc. in the 3rd quarter valued at $28,000. Legacy Investment Solutions LLC bought a new stake in Phillips Edison & Company, Inc. during the third quarter valued at about $36,000. Blue Trust Inc. grew its position in shares of Phillips Edison & Company, Inc. by 15.5% in the third quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock valued at $91,000 after purchasing an additional 325 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Phillips Edison & Company, Inc. by 31.8% in the third quarter. GAMMA Investing LLC now owns 3,330 shares of the company’s stock worth $126,000 after purchasing an additional 803 shares during the period. Finally, Tsfg LLC acquired a new position in shares of Phillips Edison & Company, Inc. during the 3rd quarter worth about $127,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analysts Set New Price Targets

PECO has been the topic of a number of research analyst reports. Wolfe Research raised Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a report on Wednesday, November 13th. Mizuho increased their price objective on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. dropped their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company reduced their price target on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Phillips Edison & Company, Inc. presently has an average rating of “Moderate Buy” and an average target price of $39.50.

Phillips Edison & Company, Inc. Trading Up 1.4 %

Shares of NASDAQ:PECO opened at $36.86 on Thursday. The business’s 50 day moving average is $37.49 and its 200-day moving average is $37.16. The firm has a market capitalization of $4.52 billion, a PE ratio of 80.13, a PEG ratio of 3.17 and a beta of 0.58. Phillips Edison & Company, Inc. has a 1-year low of $30.62 and a 1-year high of $40.12.

Phillips Edison & Company, Inc. Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were paid a $0.1025 dividend. The ex-dividend date was Monday, December 16th. This represents a yield of 3.13%. This is a boost from Phillips Edison & Company, Inc.’s previous dividend of $0.10. Phillips Edison & Company, Inc.’s payout ratio is presently 267.39%.

Phillips Edison & Company, Inc. Company Profile

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.