Phillips Edison & Company, Inc. (PECO) to Issue Monthly Dividend of $0.11 on June 2nd

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a monthly dividend on Thursday, February 12th. Shareholders of record on Friday, May 15th will be given a dividend of 0.1083 per share on Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, May 15th.

Phillips Edison & Company, Inc. has raised 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 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 $2.89 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. Stock Performance

NASDAQ:PECO opened at $39.65 on Wednesday. The firm has a market cap of $4.99 billion, a P/E ratio of 43.10, a P/E/G ratio of 1.02 and a beta of 0.54. The firm has a 50-day simple moving average of $38.54 and a two-hundred day simple moving average of $36.75. Phillips Edison & Company, Inc. has a fifty-two week low of $32.84 and a fifty-two week high of $40.71.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its earnings results on Thursday, April 23rd. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.43). The business had revenue of $190.74 million during the quarter, compared to the consensus estimate of $184.91 million. Phillips Edison & Company, Inc. had a return on equity of 4.46% and a net margin of 15.61%.The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.65 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. On average, equities research analysts predict that Phillips Edison & Company, Inc. will post 2.75 EPS for the current year.

Institutional Trading of Phillips Edison & Company, Inc.

A number of hedge funds and other institutional investors have recently bought and sold shares of PECO. Flagship Harbor Advisors LLC purchased a new stake in Phillips Edison & Company, Inc. in the fourth quarter worth about $31,000. Jones Financial Companies Lllp boosted its position in shares of Phillips Edison & Company, Inc. by 2,590.0% in the third quarter. Jones Financial Companies Lllp now owns 1,076 shares of the company’s stock worth $37,000 after purchasing an additional 1,036 shares during the period. Aster Capital Management DIFC Ltd raised its position in shares of Phillips Edison & Company, Inc. by 55.5% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,053 shares of the company’s stock valued at $37,000 after purchasing an additional 376 shares during the period. Hantz Financial Services Inc. raised its position in shares of Phillips Edison & Company, Inc. by 418.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,119 shares of the company’s stock valued at $38,000 after purchasing an additional 903 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of Phillips Edison & Company, Inc. by 143.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock valued at $41,000 after purchasing an additional 672 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

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.