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

Arkadios Wealth Advisors boosted its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 49.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Phillips Edison & Company, Inc. during the third quarter worth approximately $28,000. Legacy Investment Solutions LLC purchased a new position in shares of Phillips Edison & Company, Inc. in the 3rd quarter valued at $36,000. Blue Trust Inc. raised its stake in shares of Phillips Edison & Company, Inc. by 15.5% in the 3rd quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock valued at $91,000 after acquiring an additional 325 shares during the period. GAMMA Investing LLC raised its stake in shares of Phillips Edison & Company, Inc. by 31.8% in the 3rd quarter. GAMMA Investing LLC now owns 3,330 shares of the company’s stock valued at $126,000 after acquiring an additional 803 shares during the period. Finally, Tsfg LLC purchased a new position in shares of Phillips Edison & Company, Inc. in the 3rd quarter valued at $127,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wolfe Research raised shares of 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 research note on Wednesday, November 13th. Mizuho raised their target price on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. cut 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 note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.50.

Phillips Edison & Company, Inc. Price Performance

Phillips Edison & Company, Inc. stock opened at $35.79 on Friday. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 77.80, a price-to-earnings-growth ratio of 2.94 and a beta of 0.59. The firm’s fifty day moving average price is $38.21 and its 200 day moving average price is $36.90.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings results 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). Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The firm had revenue of $165.50 million for the quarter, compared to analysts’ expectations of $157.20 million. During the same period last year, the firm earned $0.58 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis. Analysts forecast that Phillips Edison & Company, Inc. will post 2.43 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were given a $0.1025 dividend. The ex-dividend date was Monday, December 16th. This represents a dividend yield of 3.13%. This is an increase 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. 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.