Illinois Municipal Retirement Fund Purchases 2,752 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Illinois Municipal Retirement Fund lifted its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,334 shares of the company’s stock after buying an additional 2,752 shares during the period. Illinois Municipal Retirement Fund owned about 0.05% of Phillips Edison & Company, Inc. worth $2,447,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. M&T Bank Corp lifted its stake in Phillips Edison & Company, Inc. by 2.9% in the 3rd quarter. M&T Bank Corp now owns 10,883 shares of the company’s stock valued at $410,000 after acquiring an additional 307 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Phillips Edison & Company, Inc. by 0.3% in the fourth quarter. State of Alaska Department of Revenue now owns 128,465 shares of the company’s stock worth $4,811,000 after purchasing an additional 344 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Phillips Edison & Company, Inc. by 6.5% in the third quarter. Private Advisor Group LLC now owns 8,009 shares of the company’s stock worth $302,000 after purchasing an additional 487 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in Phillips Edison & Company, Inc. by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 20,185 shares of the company’s stock worth $756,000 after purchasing an additional 510 shares during the last quarter. Finally, KBC Group NV grew its position in Phillips Edison & Company, Inc. by 13.4% in the fourth quarter. KBC Group NV now owns 4,424 shares of the company’s stock valued at $166,000 after purchasing an additional 522 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO stock opened at $36.31 on Friday. Phillips Edison & Company, Inc. has a 52-week low of $30.62 and a 52-week high of $40.12. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 72.62, a PEG ratio of 1.70 and a beta of 0.58. The firm’s 50-day moving average is $36.63 and its 200-day moving average is $37.33.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.50. Phillips Edison & Company, Inc. had a return on equity of 2.40% and a net margin of 9.48%. Sell-side analysts predict that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a yield of 3.39%. The ex-dividend date is Monday, March 17th. Phillips Edison & Company, Inc.’s dividend payout ratio is 246.00%.

Wall Street Analyst Weigh In

PECO has been the topic of several analyst reports. Wolfe Research raised shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price target on the stock in a research report on Wednesday, November 13th. Wells Fargo & Company lowered their target price on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price target on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Mizuho lowered their price target on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Phillips Edison & Company, Inc. 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.