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

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a monthly dividend on Wednesday, February 12th, NASDAQ Dividends reports. Investors of record on Monday, March 17th will be given a dividend of 0.1025 per share on Tuesday, April 1st. This represents a $1.23 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Monday, March 17th.

Phillips Edison & Company, Inc. has raised its dividend by an average of 31.1% per year over the last three years. Phillips Edison & Company, Inc. has a payout ratio of 180.9% 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 $1.23 annual dividend with an expected future payout ratio of 45.9%.

Phillips Edison & Company, Inc. Trading Up 1.1 %

Shares of NASDAQ PECO opened at $34.81 on Friday. The firm has a fifty day simple moving average of $36.22 and a two-hundred day simple moving average of $37.37. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The firm has a market capitalization of $4.36 billion, a PE ratio of 69.62, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.50. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. On average, sell-side analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Analysts Set New Price Targets

PECO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Wells Fargo & Company decreased their target price on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Finally, Mizuho decreased their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

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.