Phillips Edison & Company, Inc. (PECO) to Issue Monthly Dividend of $0.11 on January 6th

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a monthly dividend on Wednesday, November 5th. Stockholders of record on Monday, December 15th will be paid a dividend of 0.1083 per share on Tuesday, January 6th. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, December 15th.

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. Research analysts expect Phillips Edison & Company, Inc. to earn $2.68 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 48.5%.

Phillips Edison & Company, Inc. Price Performance

Shares of PECO stock traded up $0.29 during trading hours on Friday, reaching $35.05. The company had a trading volume of 946,029 shares, compared to its average volume of 695,898. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 53.11, a price-to-earnings-growth ratio of 1.50 and a beta of 0.53. Phillips Edison & Company, Inc. has a 12 month low of $32.40 and a 12 month high of $39.70. The business has a fifty day simple moving average of $34.50 and a 200-day simple moving average of $34.72.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.44). Phillips Edison & Company, Inc. had a return on equity of 3.14% and a net margin of 11.51%.The company had revenue of $182.67 million for the quarter, compared to the consensus estimate of $177.19 million. During the same quarter last year, the company posted $0.62 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.620-0.650 EPS. On average, equities research analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Institutional Investors Weigh In On Phillips Edison & Company, Inc.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PECO. Assetmark Inc. bought a new position in Phillips Edison & Company, Inc. during the second quarter worth about $28,000. Jones Financial Companies Lllp lifted its stake in shares of Phillips Edison & Company, Inc. by 2,590.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,076 shares of the company’s stock valued at $37,000 after buying an additional 1,036 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Phillips Edison & Company, Inc. by 418.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,119 shares of the company’s stock worth $38,000 after buying an additional 903 shares during the period. Quantbot Technologies LP purchased a new position in Phillips Edison & Company, Inc. in the 3rd quarter valued at approximately $43,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Phillips Edison & Company, Inc. by 6,850.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,529 shares of the company’s stock valued at $52,000 after acquiring an additional 1,507 shares during the period. 80.70% of the stock is currently owned by institutional investors.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Co, Inc is a real estate investment trust, which engages in the ownership and operation of shopping centers. It also offers an investment management business providing property management and advisory services. Its portfolio consists of well-occupied, grocery-anchored neighborhood and community shopping centers having a mix of national, regional, and local retailers offering necessity-based goods and services.