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

Phillips Edison & Company, Inc. (NASDAQ:PECO) declared a monthly dividend on Wednesday, November 5th. Shareholders of record on Thursday, January 15th will be paid a dividend of 0.1083 per share on Tuesday, February 3rd. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Thursday, January 15th.

Phillips Edison & Company, Inc. has a 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. 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. Stock Up 0.2%

PECO opened at $34.12 on Thursday. The stock’s fifty day moving average is $34.58 and its two-hundred day moving average is $34.79. The company has a market capitalization of $4.29 billion, a P/E ratio of 51.70, a PEG ratio of 1.47 and a beta of 0.53. Phillips Edison & Company, Inc. has a 52 week low of $32.40 and a 52 week high of $40.12.

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on PECO shares. UBS Group initiated coverage on Phillips Edison & Company, Inc. in a research note on Friday, October 17th. They issued a “neutral” rating and a $37.00 target price on the stock. Wells Fargo & Company started coverage on Phillips Edison & Company, Inc. in a report on Tuesday, October 21st. They set an “equal weight” rating and a $36.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a report on Wednesday, October 8th. Barclays increased their price objective on Phillips Edison & Company, Inc. from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Finally, LADENBURG THALM/SH SH initiated coverage on Phillips Edison & Company, Inc. in a report on Tuesday, September 9th. They issued a “buy” rating and a $40.00 price target for the company. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Phillips Edison & Company, Inc. presently has a consensus rating of “Hold” and an average target price of $38.86.

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.