Phillips Edison & Company, Inc. Plans Monthly Dividend of $0.11 (NASDAQ:PECO)

Phillips Edison & Company, Inc. (NASDAQ:PECO) declared a monthly dividend on Tuesday, May 12th. Investors 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 yield of 3.3%. The ex-dividend date is Wednesday, July 15th.

Phillips Edison & Company, Inc. has raised its dividend 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 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. Analysts expect Phillips Edison & Company, Inc. to earn $2.89 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 45.0%.

Phillips Edison & Company, Inc. Trading Down 0.8%

PECO traded down $0.30 on Wednesday, hitting $39.35. 265,205 shares of the stock traded hands, compared to its average volume of 893,660. Phillips Edison & Company, Inc. has a 52 week low of $32.84 and a 52 week high of $40.71. The firm has a market capitalization of $4.95 billion, a PE ratio of 42.77, a P/E/G ratio of 1.02 and a beta of 0.54. The business has a fifty day moving average price of $38.54 and a two-hundred day moving average price of $36.75.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued 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 firm had revenue of $190.74 million for the quarter, compared to the consensus estimate of $184.91 million. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The company’s revenue 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. On average, equities research analysts forecast that Phillips Edison & Company, Inc. will post 2.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PECO has been the topic of several analyst reports. Evercore reiterated an “outperform” rating and issued a $43.00 price objective on shares of Phillips Edison & Company, Inc. in a research note on Monday, April 27th. Wells Fargo & Company raised their target price on Phillips Edison & Company, Inc. from $36.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 19th. Morgan Stanley raised their target price on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. Barclays raised their target price on Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Weiss Ratings downgraded Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Phillips Edison & Company, Inc. currently has a consensus rating of “Hold” and an average target price of $40.43.

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.