Phillips Edison & Company, Inc. (PECO) To Go Ex-Dividend on January 15th

Phillips Edison & Company, Inc. (NASDAQ:PECO) declared a monthly dividend on Wednesday, November 5th. Stockholders of record on Thursday, January 15th will be given a dividend of 0.1083 per share on Tuesday, February 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Thursday, January 15th.

Phillips Edison & Company, Inc. has a 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. 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 0.4%

Shares of NASDAQ:PECO opened at $34.97 on Tuesday. The stock has a market capitalization of $4.40 billion, a PE ratio of 52.99, a P/E/G ratio of 1.37 and a beta of 0.53. Phillips Edison & Company, Inc. has a 1 year low of $32.40 and a 1 year high of $37.76. The firm has a fifty day moving average price of $35.14 and a 200 day moving average price of $34.73.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its earnings results on Thursday, October 23rd. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.44). Phillips Edison & Company, Inc. had a net margin of 11.51% and a return on equity of 3.14%. The company had revenue of $182.67 million for the quarter, compared to the consensus estimate of $177.19 million. Phillips Edison & Company, Inc.’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $0.62 earnings per share. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.620-0.650 EPS. On average, sell-side analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Institutional Trading of Phillips Edison & Company, Inc.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp raised its position in shares of Phillips Edison & Company, Inc. by 2.3% during the second quarter. State Street Corp now owns 7,349,080 shares of the company’s stock valued at $258,169,000 after buying an additional 166,108 shares during the last quarter. Geode Capital Management LLC raised its holdings in Phillips Edison & Company, Inc. by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 3,395,070 shares of the company’s stock valued at $118,942,000 after acquiring an additional 65,782 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Phillips Edison & Company, Inc. by 1.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,209,158 shares of the company’s stock worth $77,387,000 after acquiring an additional 35,107 shares during the period. Balyasny Asset Management L.P. lifted its position in shares of Phillips Edison & Company, Inc. by 191.9% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,869,618 shares of the company’s stock worth $64,184,000 after acquiring an additional 1,229,186 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Phillips Edison & Company, Inc. by 2.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,759,226 shares of the company’s stock worth $60,394,000 after purchasing an additional 42,819 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

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.