Arlington Financial Advisors LLC Invests $359,000 in Phillips Edison & Company, Inc. (NASDAQ:PECO)

Arlington Financial Advisors LLC purchased a new stake in Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,842 shares of the company's stock, valued at approximately $359,000.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Phillips Edison & Company, Inc. by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 19,322,342 shares of the company's stock worth $723,815,000 after acquiring an additional 82,913 shares in the last quarter. Wellington Management Group LLP grew its stake in Phillips Edison & Company, Inc. by 2.2% during the fourth quarter. Wellington Management Group LLP now owns 7,537,917 shares of the company's stock worth $282,370,000 after buying an additional 161,963 shares in the last quarter. FMR LLC grew its stake in Phillips Edison & Company, Inc. by 14.6% during the fourth quarter. FMR LLC now owns 3,026,358 shares of the company's stock worth $113,367,000 after buying an additional 385,983 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Phillips Edison & Company, Inc. by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,145,517 shares of the company's stock worth $80,371,000 after buying an additional 51,186 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Phillips Edison & Company, Inc. by 53.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,737,423 shares of the company's stock worth $65,084,000 after buying an additional 606,055 shares in the last quarter. Institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Price Performance

NASDAQ PECO traded down $0.13 during trading hours on Thursday, reaching $35.48. The company's stock had a trading volume of 175,484 shares, compared to its average volume of 726,753. The firm has a fifty day simple moving average of $35.33 and a 200-day simple moving average of $36.46. The stock has a market cap of $4.45 billion, a P/E ratio of 70.96, a P/E/G ratio of 1.70 and a beta of 0.56. Phillips Edison & Company, Inc. has a 52 week low of $30.86 and a 52 week high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.02. The business had revenue of $178.31 million during the quarter, compared to analyst estimates of $170.59 million. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. The firm's quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the business earned $0.60 EPS. On average, research analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be issued a dividend of $0.1025 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.23 annualized dividend and a yield of 3.47%. Phillips Edison & Company, Inc.'s payout ratio is 215.79%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PECO. Mizuho reduced their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th. Wells Fargo & Company reduced their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $39.00.

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.