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

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a monthly dividend on Wednesday, November 5th. Shareholders of record on Monday, November 17th will be paid a dividend of 0.1083 per share on Tuesday, December 2nd. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, November 17th.

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 Performance

Shares of PECO stock opened at $34.12 on Thursday. The company has a market cap of $4.29 billion, a P/E ratio of 51.70, a PEG ratio of 1.47 and a beta of 0.53. The stock has a 50 day simple moving average of $34.58 and a two-hundred day simple moving average of $34.79. Phillips Edison & Company, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results on Thursday, October 23rd. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $182.67 million during the quarter, compared to the consensus estimate of $177.19 million. During the same quarter in the previous year, the firm posted $0.62 earnings per share. The company’s revenue for the quarter 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, research analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on PECO shares. Mizuho reduced their price objective on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Thursday, July 17th. Barclays raised their price objective on Phillips Edison & Company, Inc. from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research note on Wednesday, October 8th. LADENBURG THALM/SH SH began coverage on Phillips Edison & Company, Inc. in a research report on Tuesday, September 9th. They set a “buy” rating and a $40.00 target price on the stock. Finally, UBS Group began coverage on Phillips Edison & Company, Inc. in a research report on Friday, October 17th. They set a “neutral” rating and a $37.00 target price on the stock. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, 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.