Arkadios Wealth Advisors Sells 617 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Arkadios Wealth Advisors decreased its holdings in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 1.7% in the third quarter, HoldingsChannel reports. The firm owned 34,965 shares of the company’s stock after selling 617 shares during the quarter. Arkadios Wealth Advisors’ holdings in Phillips Edison & Company, Inc. were worth $1,319,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PECO. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Phillips Edison & Company, Inc. by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,751 shares of the company’s stock valued at $177,000 after acquiring an additional 1,230 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Phillips Edison & Company, Inc. by 3,092.8% in the 3rd quarter. International Assets Investment Management LLC now owns 104,117 shares of the company’s stock worth $3,926,000 after purchasing an additional 100,856 shares in the last quarter. Private Advisor Group LLC raised its holdings in Phillips Edison & Company, Inc. by 6.5% in the 3rd 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. Calton & Associates Inc. lifted its position in shares of Phillips Edison & Company, Inc. by 1.8% in the 3rd quarter. Calton & Associates Inc. now owns 37,233 shares of the company’s stock worth $1,404,000 after purchasing an additional 641 shares during the period. Finally, Foundations Investment Advisors LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the 3rd quarter valued at about $307,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PECO shares. Mizuho increased their price target on shares of Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Compass Point upped their target price on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Finally, Wells Fargo & Company upgraded Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $34.00 to $37.00 in a research note on Wednesday, August 28th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Phillips Edison & Company, Inc. currently has a consensus rating of “Hold” and an average price target of $37.50.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO opened at $36.31 on Monday. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $39.08. The firm’s 50-day simple moving average is $37.10 and its two-hundred day simple moving average is $34.46. The stock has a market cap of $4.44 billion, a PE ratio of 78.93, a price-to-earnings-growth ratio of 3.49 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted 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 2.23% and a net margin of 9.32%. The company had revenue of $165.50 million during the quarter, compared to analysts’ expectations of $157.20 million. During the same quarter in the previous year, the company earned $0.58 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis. Equities research analysts predict that Phillips Edison & Company, Inc. will post 2.42 EPS for the current year.

Phillips Edison & Company, Inc. Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.1025 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This is an increase from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. This represents a $1.23 annualized dividend and a dividend yield of 3.39%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 267.39%.

Phillips Edison & Company, Inc. Profile

Phillips Edison & Company, Inc (PECO) is one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers.