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

Phillips Edison & Company, Inc. (NASDAQ:PECO) declared a monthly dividend on Wednesday, November 5th. Shareholders of record on Tuesday, February 17th will be given a dividend of 0.1083 per share on Tuesday, March 3rd. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, February 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 Phillips Edison & Company, Inc. stock opened at $34.12 on Thursday. Phillips Edison & Company, Inc. has a one year low of $32.40 and a one year high of $40.12. The stock’s fifty day moving average is $34.58 and its 200 day moving average is $34.79. The stock has a market cap of $4.29 billion, a P/E ratio of 51.70, a P/E/G ratio of 1.47 and a beta of 0.53.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly 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). The firm had revenue of $182.67 million during the quarter, compared to the consensus estimate of $177.19 million. Phillips Edison & Company, Inc. had a return on equity of 3.14% and a net margin of 11.51%.The business’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 company earned $0.62 earnings per share. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.620-0.650 EPS. Analysts predict that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Institutional Investors Weigh In On Phillips Edison & Company, Inc.

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Phillips Edison & Company, Inc. by 2.1% in the first quarter. Vanguard Group Inc. now owns 19,720,204 shares of the company’s stock worth $719,590,000 after purchasing an additional 397,862 shares in the last quarter. State Street Corp grew its stake in Phillips Edison & Company, Inc. by 2.3% in the second quarter. State Street Corp now owns 7,349,080 shares of the company’s stock worth $258,169,000 after purchasing an additional 166,108 shares in the last quarter. Geode Capital Management LLC grew its stake in Phillips Edison & Company, Inc. by 2.0% in the second quarter. Geode Capital Management LLC now owns 3,395,070 shares of the company’s stock worth $118,942,000 after purchasing an additional 65,782 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Phillips Edison & Company, Inc. by 1.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,209,158 shares of the company’s stock worth $77,387,000 after purchasing an additional 35,107 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its stake in Phillips Edison & Company, Inc. by 42.1% in the first quarter. Alyeska Investment Group L.P. now owns 2,013,308 shares of the company’s stock worth $73,466,000 after purchasing an additional 596,123 shares in the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

About Phillips Edison & Company, Inc.

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.