Phillips Edison & Company, Inc. (PECO) to Issue Monthly Dividend of $0.11 on April 1st

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a monthly dividend on Thursday, February 12th. Shareholders of record on Monday, March 16th will be given a dividend of 0.1083 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, March 16th.

Phillips Edison & Company, Inc. has increased 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 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 $2.68 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 Down 0.3%

Shares of NASDAQ:PECO opened at $38.17 on Friday. The firm has a 50 day simple moving average of $37.18 and a 200-day simple moving average of $35.66. Phillips Edison & Company, Inc. has a twelve month low of $32.40 and a twelve month high of $40.06. The company has a market capitalization of $4.80 billion, a PE ratio of 42.89, a P/E/G ratio of 0.98 and a beta of 0.51.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PECO. KeyCorp reiterated a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a research report on Thursday, December 18th. UBS Group raised their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Morgan Stanley upped their price target on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company an “equal weight” rating in a research report on Monday, January 5th. Mizuho set a $39.00 price objective on shares of Phillips Edison & Company, Inc. in a research report on Friday, January 9th. Finally, Evercore set a $42.00 target price on shares of Phillips Edison & Company, Inc. and gave the company an “outperform” rating in a report on Friday, February 6th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Phillips Edison & Company, Inc. has an average rating of “Hold” and an average price target of $38.86.

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.