Arkadios Wealth Advisors Has $1.95 Million Stock Holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO)

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

Several other hedge funds have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Phillips Edison & Company, Inc. by 16.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,250,731 shares of the company's stock valued at $40,911,000 after purchasing an additional 179,775 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in Phillips Edison & Company, Inc. by 38.4% during the second quarter. Mutual of America Capital Management LLC now owns 100,184 shares of the company's stock worth $3,277,000 after purchasing an additional 27,796 shares during the last quarter. AE Wealth Management LLC boosted its holdings in Phillips Edison & Company, Inc. by 20.8% during the second quarter. AE Wealth Management LLC now owns 40,367 shares of the company's stock worth $1,320,000 after purchasing an additional 6,964 shares during the last quarter. Ensign Peak Advisors Inc grew its position in Phillips Edison & Company, Inc. by 18.5% in the second quarter. Ensign Peak Advisors Inc now owns 51,347 shares of the company's stock valued at $1,680,000 after purchasing an additional 8,015 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its stake in Phillips Edison & Company, Inc. by 7.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 269,338 shares of the company's stock valued at $8,810,000 after buying an additional 19,223 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Trading Down 0.4 %

Shares of NASDAQ:PECO traded down $0.14 during trading on Friday, reaching $35.79. 642,761 shares of the stock were exchanged, compared to its average volume of 579,360. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The stock has a 50-day moving average price of $38.21 and a 200-day moving average price of $36.90. The firm has a market cap of $4.39 billion, a PE ratio of 77.80, a PEG ratio of 2.94 and a beta of 0.59.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.09 earnings per share 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 analyst estimates of $157.20 million. During the same period in the previous year, the business posted $0.58 earnings per share. The business's revenue for the quarter was up 8.5% on a year-over-year basis. On average, sell-side analysts expect 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 dividend of $0.1025 per share. This represents a dividend yield of 3.13%. 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. Phillips Edison & Company, Inc.'s dividend payout ratio is presently 267.39%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PECO shares. Mizuho upped their target price on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. cut their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Finally, Wolfe Research upgraded 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 report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $39.50.

About Phillips Edison & Company, Inc.

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.