Phillips Edison & Company, Inc. (PECO) to Distribute Monthly Dividend of $0.12 on March 2nd

Phillips Edison & Company, Inc. (NASDAQ:PECO) declared a monthly dividend on Tuesday, November 10th. Stockholders of record on Tuesday, February 16th will be paid a dividend of $0.1150 per share on Tuesday, March 2nd. This represents a $1.38 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, February 16th.

Phillips Edison & Company, Inc. has raised its dividend by an average of 0.7% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Phillips Edison & Company, Inc. has a payout ratio of 194.4% 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 analysts expect Phillips Edison & Company, Inc. to earn $2.92 per share next year, which means the company should continue to be able to cover its $1.38 annual dividend with an expected future payout ratio of 47.3%.

Phillips Edison & Company, Inc. Trading Down 0.2%

Shares of NASDAQ:PECO opened at $41.13 on Thursday. The firm has a 50 day moving average of $38.34 and a 200-day moving average of $39.36. Phillips Edison & Company, Inc. has a 12 month low of $34.22 and a 12 month high of $44.38. The stock has a market capitalization of $5.31 billion, a PE ratio of 28.56, a PEG ratio of 2.41 and a beta of 0.54.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings results on Monday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.20). The firm had revenue of $193.09 million for the quarter, compared to analyst estimates of $190.17 million. Phillips Edison & Company, Inc. had a return on equity of 6.90% and a net margin of 23.87%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 EPS. On average, research analysts predict that Phillips Edison & Company, Inc. will post 2.78 EPS for the current fiscal year.

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

Large investors have recently bought and sold shares of the stock. Western Wealth Management LLC bought a new position in Phillips Edison & Company, Inc. in the 1st quarter valued at about $29,000. CX Institutional boosted its holdings in shares of Phillips Edison & Company, Inc. by 115.5% in the 2nd quarter. CX Institutional now owns 724 shares of the company’s stock worth $30,000 after buying an additional 388 shares during the last quarter. YANKCOM Partnership bought a new position in Phillips Edison & Company, Inc. during the third quarter valued at about $39,000. Salomon & Ludwin LLC grew its position in Phillips Edison & Company, Inc. by 40.2% during the third quarter. Salomon & Ludwin LLC now owns 1,387 shares of the company’s stock valued at $52,000 after buying an additional 398 shares during the period. Finally, Jacobi Capital Management LLC bought a new position in Phillips Edison & Company, Inc. during the third quarter valued at about $57,000. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Company, Inc. is a real estate investment trust (REIT) that owns and operates grocery-anchored shopping centers. Its properties are designed to serve local communities, with grocery stores alongside retailers and service providers that meet everyday needs. The company’s activities include leasing and managing its centers, as well as acquiring and improving properties. Its portfolio spans markets across the United States. Founded in 1991, Phillips Edison is headquartered in Cincinnati, Ohio.