Phillips Edison & Company, Inc. (PECO) To Go Ex-Dividend on August 17th

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a monthly dividend on Wednesday, August 5th. Stockholders of record on Monday, August 17th will be paid a dividend of 0.1083 per share on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, August 17th.

Phillips Edison & Company, Inc. has raised its dividend 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. Equities research analysts expect Phillips Edison & Company, Inc. to earn $2.90 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 44.8%.

Phillips Edison & Company, Inc. Stock Performance

NASDAQ PECO opened at $40.50 on Friday. The company has a market cap of $5.21 billion, a PE ratio of 35.22, a P/E/G ratio of 2.10 and a beta of 0.52. The firm’s 50 day moving average price is $41.88 and its 200-day moving average price is $39.73. Phillips Edison & Company, Inc. has a 52-week low of $32.98 and a 52-week high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.35). The business had revenue of $189.62 million during the quarter, compared to the consensus estimate of $187.46 million. Phillips Edison & Company, Inc. had a return on equity of 5.52% and a net margin of 19.14%.The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm earned $0.64 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. On average, analysts forecast that Phillips Edison & Company, Inc. will post 2.76 earnings per share for the current fiscal year.

About Phillips Edison & Company, Inc.

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.