Arete Wealth Advisors LLC Acquires 866 Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO)

Arete Wealth Advisors LLC raised its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,392 shares of the company’s stock after acquiring an additional 866 shares during the period. Arete Wealth Advisors LLC’s holdings in Phillips Edison & Company, Inc. were worth $1,064,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PECO. M&T Bank Corp raised its stake in Phillips Edison & Company, Inc. by 2.9% during the 3rd quarter. M&T Bank Corp now owns 10,883 shares of the company’s stock valued at $410,000 after buying an additional 307 shares during the last quarter. Blue Trust Inc. increased 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 valued at $91,000 after acquiring an additional 325 shares during the last quarter. Xponance Inc. lifted its holdings in Phillips Edison & Company, Inc. by 6.3% in the second quarter. Xponance Inc. now owns 7,789 shares of the company’s stock valued at $255,000 after acquiring an additional 465 shares during the period. Private Advisor Group LLC boosted its position in Phillips Edison & Company, Inc. by 6.5% in the third quarter. Private Advisor Group LLC now owns 8,009 shares of the company’s stock worth $302,000 after purchasing an additional 487 shares during the last quarter. Finally, Calton & Associates Inc. grew its stake in shares of Phillips Edison & Company, Inc. by 1.8% during the 3rd quarter. Calton & Associates Inc. now owns 37,233 shares of the company’s stock valued at $1,404,000 after purchasing an additional 641 shares during the period. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Stock Down 0.8 %

PECO opened at $39.50 on Friday. The company has a market capitalization of $4.84 billion, a PE ratio of 85.87, a price-to-earnings-growth ratio of 3.65 and a beta of 0.57. The firm has a 50-day simple moving average of $37.87 and a two-hundred day simple moving average of $35.42. Phillips Edison & Company, Inc. has a 52 week low of $30.62 and a 52 week high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) 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). 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 EPS. As a group, sell-side analysts expect that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Tuesday, February 18th. Phillips Edison & Company, Inc.’s payout ratio is 267.39%.

Analysts Set New Price Targets

Several brokerages recently issued reports on PECO. Mizuho boosted their target price on shares of Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Wolfe Research raised shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a research report on Wednesday, November 13th. Compass Point upped their price objective on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Finally, Wells Fargo & Company raised Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $34.00 to $37.00 in a report on Wednesday, August 28th. Four 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.com, the company has a consensus rating of “Hold” and an average target price of $38.43.

About Phillips Edison & Company, Inc.

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.