Arkadios Wealth Advisors Purchases 2,582 Shares of Phillips Edison & Company, Inc. $PECO

Arkadios Wealth Advisors grew its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 5.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,975 shares of the company’s stock after purchasing an additional 2,582 shares during the quarter. Arkadios Wealth Advisors’ holdings in Phillips Edison & Company, Inc. were worth $1,821,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PECO. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Phillips Edison & Company, Inc. by 2.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 135,729 shares of the company’s stock valued at $4,953,000 after purchasing an additional 2,785 shares during the period. KBC Group NV raised its position in shares of Phillips Edison & Company, Inc. by 27.2% in the first quarter. KBC Group NV now owns 5,629 shares of the company’s stock valued at $205,000 after purchasing an additional 1,205 shares during the period. Rossby Financial LCC bought a new position in shares of Phillips Edison & Company, Inc. in the first quarter valued at approximately $105,000. Teacher Retirement System of Texas raised its position in shares of Phillips Edison & Company, Inc. by 11.8% in the first quarter. Teacher Retirement System of Texas now owns 36,284 shares of the company’s stock valued at $1,324,000 after purchasing an additional 3,841 shares during the period. Finally, Mutual Advisors LLC raised its position in shares of Phillips Edison & Company, Inc. by 3.3% in the first quarter. Mutual Advisors LLC now owns 53,620 shares of the company’s stock valued at $1,881,000 after purchasing an additional 1,729 shares during the period. Institutional investors own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PECO. LADENBURG THALM/SH SH began coverage on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, September 9th. They issued a “buy” rating and a $40.00 price target on the stock. UBS Group assumed coverage on shares of Phillips Edison & Company, Inc. in a research report on Friday, October 17th. They set a “neutral” rating and a $37.00 target price on the stock. Wall Street Zen lowered shares of Phillips Edison & Company, Inc. from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Wells Fargo & Company assumed coverage on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $36.00 target price on the stock. Finally, Mizuho dropped their target price on shares of Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, July 17th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $38.86.

Phillips Edison & Company, Inc. Trading Down 0.4%

Shares of PECO stock opened at $33.84 on Friday. The firm has a market capitalization of $4.25 billion, a P/E ratio of 51.27, a price-to-earnings-growth ratio of 1.47 and a beta of 0.54. The firm’s fifty day simple moving average is $34.61 and its 200 day simple moving average is $34.83. Phillips Edison & Company, Inc. has a 1 year low of $32.40 and a 1 year high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.01. The firm had revenue of $178.29 million for the quarter, compared to analyst estimates of $177.19 million. Phillips Edison & Company, Inc. had a net margin of 11.51% and a return on equity of 3.14%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.620-0.650 EPS. Equities research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 4th. Shareholders of record on Wednesday, October 15th will be issued a $0.1083 dividend. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, October 15th. Phillips Edison & Company, Inc.’s payout ratio is 196.97%.

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.