Phillips Edison & Company, Inc. (NASDAQ:PECO) to Issue Monthly Dividend of $0.12

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Monday, November 16th will be given a dividend of 0.115 per share on Tuesday, December 1st. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 16th.

Phillips Edison & Company, Inc. has raised its dividend by an average of 0.7%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Phillips Edison & Company, Inc. has a payout ratio of 183.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Phillips Edison & Company, Inc. to earn $2.92 per share next year, which means the company should continue to be able to cover its $1.30 annual dividend with an expected future payout ratio of 44.5%.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO stock traded down $0.03 during mid-day trading on Wednesday, hitting $38.89. 55,050 shares of the stock were exchanged, compared to its average volume of 925,521. The stock’s fifty day simple moving average is $41.45 and its two-hundred day simple moving average is $39.98. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 33.80, a P/E/G ratio of 2.00 and a beta of 0.50. Phillips Edison & Company, Inc. has a 12-month low of $32.98 and a 12-month high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.35). The firm had revenue of $189.62 million for the quarter, compared to analyst estimates of $187.46 million. Phillips Edison & Company, Inc. had a return on equity of 5.52% and a net margin of 19.14%.The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. On average, research analysts expect that Phillips Edison & Company, Inc. will post 2.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Griffin Securities set a $47.00 price objective on Phillips Edison & Company, Inc. in a research note on Monday, July 27th. UBS Group boosted their price target on Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Barclays raised their target price on shares of Phillips Edison & Company, Inc. from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Monday, August 17th. Wells Fargo & Company lowered their price target on shares of Phillips Edison & Company, Inc. from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, Morgan Stanley boosted their price target on Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $44.33.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Company, Inc is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of grocery-anchored, necessity-based shopping centers. The company’s investment strategy is centered on properties that benefit from everyday consumer demand, seeking to deliver stable cash flows through long-term, triple-net leases with national and regional tenants in the grocery, drugstore and essential retail sectors.

In addition to its core retail portfolio, Phillips Edison & Company provides integrated services covering property management, asset management, leasing, development and acquisition sourcing.