Phillips Edison & Company, Inc. (PECO) to Issue Monthly Dividend of $0.12 on February 2nd

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a monthly dividend on Tuesday, November 10th. Investors of record on Friday, January 15th will be given a dividend of $0.1150 per share on Tuesday, February 2nd. This represents a $1.38 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, January 15th.

Phillips Edison & Company, Inc. has raised its dividend payment by an average of 0.7% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Phillips Edison & Company, Inc. has a dividend payout ratio of 194.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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 $1.38 annual dividend with an expected future payout ratio of 47.3%.

Phillips Edison & Company, Inc. Price Performance

Phillips Edison & Company, Inc. stock opened at $41.13 on Thursday. Phillips Edison & Company, Inc. has a 12-month low of $34.22 and a 12-month high of $44.38. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 2.41 and a beta of 0.54. The firm’s fifty day moving average price is $38.34 and its 200 day moving average price is $39.36.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Monday, October 26th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.20). The firm had revenue of $193.09 million during the quarter, compared to analyst estimates of $190.17 million. Phillips Edison & Company, Inc. had a return on equity of 6.90% and a net margin of 23.87%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 EPS. Analysts forecast that Phillips Edison & Company, Inc. will post 2.78 earnings per share for the current fiscal year.

Institutional Trading of Phillips Edison & Company, Inc.

Several institutional investors have recently added to or reduced their stakes in PECO. Impax Asset Management Group plc bought a new position in shares of Phillips Edison & Company, Inc. in the 3rd quarter worth about $9,335,000. Robeco Institutional Asset Management B.V. grew its position in shares of Phillips Edison & Company, Inc. by 216.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 339,781 shares of the company’s stock valued at $12,687,000 after buying an additional 232,401 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Phillips Edison & Company, Inc. during the second quarter worth about $6,032,000. Arrowstreet Capital Limited Partnership raised its stake in Phillips Edison & Company, Inc. by 34.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 483,308 shares of the company’s stock worth $18,085,000 after acquiring an additional 123,601 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in Phillips Edison & Company, Inc. by 87.9% during the third quarter. Russell Investments Group Ltd. now owns 246,010 shares of the company’s stock worth $9,186,000 after acquiring an additional 115,068 shares during the period. Institutional investors own 80.70% of the company’s stock.

About Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc. is a real estate investment trust (REIT) that owns and operates grocery-anchored shopping centers. Its properties are designed to serve local communities, with grocery stores alongside retailers and service providers that meet everyday needs. The company’s activities include leasing and managing its centers, as well as acquiring and improving properties. Its portfolio spans markets across the United States. Founded in 1991, Phillips Edison is headquartered in Cincinnati, Ohio.