Phillips Edison & Company, Inc. (PECO) to Issue Monthly Dividend of $0.11 on February 3rd

Phillips Edison & Company, Inc. (NASDAQ:PECO) declared a monthly dividend on Wednesday, November 5th. Shareholders of record on Thursday, January 15th will be given a dividend of 0.1083 per share on Tuesday, February 3rd. This represents a c) annualized dividend 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% meaning 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. Price Performance

Shares of PECO stock opened at $34.51 on Friday. The stock has a market cap of $4.34 billion, a PE ratio of 52.29, a price-to-earnings-growth ratio of 1.47 and a beta of 0.53. The stock has a 50-day moving average of $34.57 and a 200-day moving average of $34.79. Phillips Edison & Company, Inc. has a one year low of $32.40 and a one year high of $40.12.

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

Analyst Upgrades and Downgrades

PECO has been the topic of several research analyst reports. Barclays raised their price objective on Phillips Edison & Company, Inc. from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, October 6th. Wells Fargo & Company started coverage on Phillips Edison & Company, Inc. in a research report on Tuesday, October 21st. They issued an “equal weight” rating and a $36.00 price objective for the company. Wall Street Zen downgraded shares of Phillips Edison & Company, Inc. from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. UBS Group began coverage on Phillips Edison & Company, Inc. in a research note on Friday, October 17th. They issued a “neutral” rating and a $37.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. has a consensus rating of “Hold” and a consensus 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.