Arkadios Wealth Advisors Boosts Stock Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Arkadios Wealth Advisors increased its position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 49.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,157 shares of the company’s stock after purchasing an additional 17,192 shares during the period. Arkadios Wealth Advisors’ holdings in Phillips Edison & Company, Inc. were worth $1,954,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PECO. V Square Quantitative Management LLC acquired a new position in Phillips Edison & Company, Inc. during the third quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new position in Phillips Edison & Company, Inc. during the third quarter worth about $36,000. Blue Trust Inc. grew its position in Phillips Edison & Company, Inc. by 15.5% during the third quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock worth $91,000 after buying an additional 325 shares during the period. GAMMA Investing LLC grew its position in Phillips Edison & Company, Inc. by 31.8% during the third quarter. GAMMA Investing LLC now owns 3,330 shares of the company’s stock worth $126,000 after buying an additional 803 shares during the period. Finally, Tsfg LLC acquired a new position in Phillips Edison & Company, Inc. during the third quarter worth about $127,000. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO opened at $35.79 on Friday. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 77.80, a PEG ratio of 2.94 and a beta of 0.59. The company’s 50 day simple moving average is $38.21 and its 200 day simple moving average is $36.90. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12.

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 analysts’ expectations of $157.20 million. Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.58 EPS. Equities analysts expect that Phillips Edison & Company, Inc. will post 2.43 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

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

Analyst Ratings Changes

Several research analysts have weighed in on PECO shares. JPMorgan Chase & Co. lowered 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. Mizuho increased their price target on shares of 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. Finally, Wolfe Research upgraded 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.50.

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.