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

Phillips Edison & Company, Inc. (NASDAQ:PECO) declared a monthly dividend on Tuesday, May 12th. Investors of record on Monday, June 15th will be given a dividend of 0.1083 per share on Wednesday, July 1st. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, June 15th.

Phillips Edison & Company, Inc. has increased its dividend 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 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. Trading Up 1.1%

PECO opened at $41.98 on Friday. The stock’s 50-day moving average price is $39.60 and its 200 day moving average price is $37.66. Phillips Edison & Company, Inc. has a 12-month low of $32.84 and a 12-month high of $42.26. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 45.63, a PEG ratio of 2.22 and a beta of 0.53.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its 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). The firm had revenue of $190.74 million for the quarter, compared to analyst estimates of $184.91 million. Phillips Edison & Company, Inc. had a return on equity of 4.46% and a net margin of 15.61%.Phillips Edison & Company, Inc.’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. On average, research analysts forecast that Phillips Edison & Company, Inc. will post 2.76 earnings per share for the current year.

Analysts Set New Price Targets

PECO has been the topic of a number of analyst reports. Evercore reaffirmed an “outperform” rating and issued a $43.00 price target on shares of Phillips Edison & Company, Inc. in a research report on Monday, April 27th. Weiss Ratings lowered Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Morgan Stanley increased their price target on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 21st. Wells Fargo & Company increased their price target on Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Finally, Barclays increased their price target on Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the company an “equal weight” rating in a research 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 company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $41.43.

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.