Phillips Edison & Company, Inc. (NASDAQ:PECO) to Issue $0.12 Monthly Dividend

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a monthly dividend on Tuesday, September 1st. Investors of record on Thursday, October 15th will be given a dividend of 0.115 per share on Tuesday, November 3rd. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Thursday, October 15th.

Phillips Edison & Company, Inc. has increased its dividend payment by an average of 0.7%annually over the last three years and has increased 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 $2.92 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 44.5%.

Phillips Edison & Company, Inc. Price Performance

PECO traded down $0.03 on Wednesday, hitting $38.89. The company had a trading volume of 55,050 shares, compared to its average volume of 925,521. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 2.00 and a beta of 0.50. The company’s fifty day moving average price is $41.45 and its 200 day moving average price is $39.98. Phillips Edison & Company, Inc. has a 1-year low of $32.98 and a 1-year high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.35). Phillips Edison & Company, Inc. had a net margin of 19.14% and a return on equity of 5.52%. The company had revenue of $189.62 million for the quarter, compared to analyst estimates of $187.46 million. During the same quarter last year, the business earned $0.64 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. On average, sell-side analysts forecast that Phillips Edison & Company, Inc. will post 2.77 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PECO shares. Weiss Ratings upgraded shares of Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Morgan Stanley upped their price target on shares of Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, July 10th. LADENBURG THALM/SH SH lifted their price objective on Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. JPMorgan Chase & Co. increased their target price on Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Finally, Barclays lifted their price target on Phillips Edison & Company, Inc. from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Phillips Edison & Company, Inc. presently has a consensus rating of “Hold” and an average target price of $44.33.

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.