Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) is scheduled to be releasing its earnings data after the market closes on Thursday, April 25th. Analysts expect Phillips Edison & Company, Inc. to post earnings of $0.60 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.
Phillips Edison & Company, Inc. Price Performance
NASDAQ:PECO opened at $32.02 on Thursday. Phillips Edison & Company, Inc. has a one year low of $27.85 and a one year high of $37.92. The company has a market cap of $3.91 billion, a P/E ratio of 69.61, a P/E/G ratio of 3.67 and a beta of 0.55. The firm’s fifty day moving average price is $34.85 and its two-hundred day moving average price is $35.05.
Phillips Edison & Company, Inc. Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a $0.0975 dividend. The ex-dividend date of this dividend is Friday, April 12th. This is an increase from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. This represents a $1.17 annualized dividend and a dividend yield of 3.65%. Phillips Edison & Company, Inc.’s dividend payout ratio is 254.35%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on PECO
Institutional Trading of Phillips Edison & Company, Inc.
Several hedge funds have recently modified their holdings of PECO. Clearstead Advisors LLC bought a new stake in Phillips Edison & Company, Inc. during the 3rd quarter valued at $25,000. State of Wyoming bought a new stake in Phillips Edison & Company, Inc. during the 2nd quarter valued at $30,000. Rockefeller Capital Management L.P. increased its stake in Phillips Edison & Company, Inc. by 5,000.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,326 shares of the company’s stock valued at $42,000 after purchasing an additional 1,300 shares in the last quarter. Hobbs Group Advisors LLC bought a new stake in Phillips Edison & Company, Inc. during the 4th quarter valued at $44,000. Finally, Parkside Financial Bank & Trust bought a new stake in Phillips Edison & Company, Inc. during the 1st quarter valued at $48,000. Institutional investors own 80.70% of the company’s stock.
Phillips Edison & Company, Inc. Company Profile
Phillips Edison & Company, Inc (PECO) is one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers.
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