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

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a monthly dividend on Tuesday, May 12th. Stockholders of record on Monday, June 15th will be paid 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 is Monday, June 15th.

Phillips Edison & Company, Inc. has increased its dividend payment 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% 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 $2.89 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. Price Performance

NASDAQ:PECO traded down $0.30 during mid-day trading on Wednesday, reaching $39.36. The stock had a trading volume of 275,774 shares, compared to its average volume of 893,844. The stock has a 50-day simple moving average of $38.54 and a two-hundred day simple moving average of $36.75. The stock has a market capitalization of $4.95 billion, a PE ratio of 42.79, a P/E/G ratio of 1.02 and a beta of 0.54. Phillips Edison & Company, Inc. has a 12 month low of $32.84 and a 12 month high of $40.71.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its earnings results on Thursday, April 23rd. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.43). Phillips Edison & Company, Inc. had a return on equity of 4.46% and a net margin of 15.61%.The business had revenue of $190.74 million for the quarter, compared to the consensus estimate of $184.91 million. During the same quarter in the previous year, the company earned $0.65 earnings per share. The firm’s revenue for the quarter 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. Equities analysts expect that Phillips Edison & Company, Inc. will post 2.75 EPS for the current year.

Phillips Edison & Company, Inc. Company Profile

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.