Phillips Edison & Company, Inc. (PECO) To Go Ex-Dividend on June 15th

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a monthly dividend on Tuesday, May 12th. Shareholders of record on Monday, June 15th will be given a dividend of 0.1083 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, June 15th.

Phillips Edison & Company, Inc. has raised its dividend by an average of 0.7%annually over the last three years and has raised its dividend every year for the last 1 years. Phillips Edison & Company, Inc. has a dividend payout ratio of 183.1% indicating that 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 $2.89 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. Trading Down 0.7%

NASDAQ PECO opened at $39.36 on Thursday. The business’s 50-day moving average price is $38.53 and its two-hundred day moving average price is $36.78. Phillips Edison & Company, Inc. has a 12 month low of $32.84 and a 12 month high of $40.71. The firm has a market capitalization of $4.95 billion, a PE ratio of 42.78, a price-to-earnings-growth ratio of 1.02 and a beta of 0.54.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly 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). Phillips Edison & Company, Inc. had a net margin of 15.61% and a return on equity of 4.46%. The company had revenue of $190.74 million during the quarter, compared to the consensus estimate of $184.91 million. During the same quarter last year, the firm posted $0.65 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. As a group, analysts forecast that Phillips Edison & Company, Inc. will post 2.75 earnings per share for the current fiscal year.

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.