Phillips Edison & Company, Inc. to Issue Monthly Dividend of $0.11 (NASDAQ:PECO)

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a monthly dividend on Wednesday, August 5th. Investors of record on Monday, August 17th will be given a dividend of 0.1083 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, August 17th.

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 every year for the last 1 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 research 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. Stock Performance

Shares of PECO opened at $41.58 on Thursday. The stock has a market cap of $5.35 billion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 2.16 and a beta of 0.52. Phillips Edison & Company, Inc. has a fifty-two week low of $32.84 and a fifty-two week high of $44.38. The firm’s 50-day simple moving average is $41.80 and its two-hundred day simple moving average is $39.52.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its earnings results on Thursday, July 23rd. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $189.62 million for the quarter, compared to the consensus estimate of $187.46 million. During the same period in the prior year, the business posted $0.64 EPS. Phillips Edison & Company, Inc.’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. Equities research analysts predict that Phillips Edison & Company, Inc. will post 2.76 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on PECO. Weiss Ratings upgraded Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. boosted their target price on Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday. Wells Fargo & Company increased their target price on Phillips Edison & Company, Inc. from $42.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Morgan Stanley increased their price objective on shares of Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, July 10th. Finally, Evercore reiterated an “outperform” rating and issued a $44.00 price target on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. currently has a consensus rating of “Hold” and an average target price of $44.67.

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.