Phillips Edison & Company, Inc. (PECO) To Go Ex-Dividend on February 17th

Phillips Edison & Company, Inc. (NASDAQ:PECO) declared a monthly dividend on Wednesday, November 5th. Stockholders of record on Tuesday, February 17th will be given a dividend of 0.1083 per share on Tuesday, March 3rd. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, February 17th.

Phillips Edison & Company, Inc. has increased its dividend by an average of 0.7%per year over the last three years and has raised its dividend every year for the last 1 years. Phillips Edison & Company, Inc. has a dividend payout ratio of 183.1% indicating that 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 $2.68 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 48.5%.

Phillips Edison & Company, Inc. Trading Up 0.9%

NASDAQ:PECO opened at $38.20 on Friday. Phillips Edison & Company, Inc. has a 1-year low of $32.40 and a 1-year high of $38.67. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 42.92, a PEG ratio of 0.97 and a beta of 0.53. The business’s 50-day moving average price is $35.84 and its two-hundred day moving average price is $34.98.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its earnings results on Thursday, February 5th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.28). The company had revenue of $187.86 million for the quarter, compared to analyst estimates of $183.18 million. Phillips Edison & Company, Inc. had a return on equity of 4.29% and a net margin of 15.32%.Phillips Edison & Company, Inc.’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. Sell-side analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

About Phillips Edison & Company, Inc.

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.