Phillips Edison & Company, Inc. (PECO) to Issue Monthly Dividend of $0.11 on August 4th

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a monthly dividend on Tuesday, May 12th. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.1083 per share on Tuesday, August 4th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, July 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 increased its dividend annually for the last 1 consecutive years. Phillips Edison & Company, Inc. has a dividend 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 research analysts expect Phillips Edison & Company, Inc. to earn $2.90 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 44.8%.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO stock opened at $41.87 on Monday. The stock has a market cap of $5.27 billion, a PE ratio of 45.51, a P/E/G ratio of 2.23 and a beta of 0.52. Phillips Edison & Company, Inc. has a 1 year low of $32.84 and a 1 year high of $42.70. The stock has a fifty day moving average price of $40.79 and a 200 day moving average price of $38.58.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.43). Phillips Edison & Company, Inc. had a net margin of 15.61% and a return on equity of 4.46%. The business had revenue of $190.74 million during the quarter, compared to analysts’ expectations of $184.91 million. During the same period last year, the company earned $0.65 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. As a group, equities research analysts predict that Phillips Edison & Company, Inc. will post 2.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PECO shares. Evercore reiterated an “outperform” rating and set a $44.00 price objective on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, July 7th. LADENBURG THALM/SH SH boosted their price objective on shares of Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. UBS Group upped their price objective on Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday. Wells Fargo & Company increased their target price on Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Finally, Barclays lifted their target price on Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $43.43.

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.