Phillips Edison & Company, Inc. (PECO) To Go Ex-Dividend on May 15th

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a monthly dividend on Thursday, February 12th. Investors of record on Friday, May 15th will be given a dividend of 0.1083 per share on Tuesday, June 2nd. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, May 15th.

Phillips Edison & Company, Inc. has increased its dividend payment by an average of 0.7%annually over the last three years and has raised its dividend every year for the last 1 years. Phillips Edison & Company, Inc. has a dividend payout ratio of 183.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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 PECO stock opened at $38.20 on Friday. Phillips Edison & Company, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $38.67. The stock has a 50 day simple moving average of $35.84 and a two-hundred day simple moving average of $34.98. The company has a market cap of $4.81 billion, a P/E ratio of 42.92, a PEG ratio of 0.96 and a beta of 0.53.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.28). The company had revenue of $187.86 million for the quarter, compared to analyst estimates of $183.18 million. Phillips Edison & Company, Inc. had a return on equity of 4.29% and a net margin of 15.32%.The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $0.62 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. On average, research analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Evercore ISI set a $42.00 price target on shares of Phillips Edison & Company, Inc. and gave the company an “outperform” rating in a research note on Friday, February 6th. Wall Street Zen raised Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Morgan Stanley increased their price target on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock an “equal weight” rating in a report on Monday, January 5th. Barclays reaffirmed a “positive” rating and set a $41.00 target price on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, January 13th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research note on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.38.

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.