Phillips Edison & Company, Inc. Declares Monthly Dividend of $0.12 (NASDAQ:PECO)

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Monday, November 16th will be given a dividend of 0.115 per share on Tuesday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, November 16th.

Phillips Edison & Company, Inc. has raised its dividend payment 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. 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 $1.30 annual dividend with an expected future payout ratio of 44.5%.

Phillips Edison & Company, Inc. Stock Performance

Shares of Phillips Edison & Company, Inc. stock traded down $0.02 on Wednesday, hitting $38.90. The company’s stock had a trading volume of 35,181 shares, compared to its average volume of 925,453. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 33.83, a price-to-earnings-growth ratio of 2.00 and a beta of 0.50. Phillips Edison & Company, Inc. has a 1 year low of $32.98 and a 1 year high of $44.38. The firm has a fifty day moving average price of $41.45 and a 200-day moving average price of $39.98.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.35). The business had revenue of $189.62 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.64 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. As a group, analysts forecast that Phillips Edison & Company, Inc. will post 2.77 EPS for the current year.

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

A number of hedge funds have recently modified their holdings of PECO. Verition Fund Management LLC boosted its position in Phillips Edison & Company, Inc. by 2,343.2% during the fourth quarter. Verition Fund Management LLC now owns 513,076 shares of the company’s stock worth $18,250,000 after acquiring an additional 492,076 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Phillips Edison & Company, Inc. by 33.5% in the 4th quarter. Hsbc Holdings PLC now owns 248,985 shares of the company’s stock valued at $8,856,000 after acquiring an additional 62,523 shares during the last quarter. Fifth Third Bancorp raised its holdings in Phillips Edison & Company, Inc. by 4,823.2% in the 1st quarter. Fifth Third Bancorp now owns 34,216 shares of the company’s stock valued at $1,280,000 after acquiring an additional 33,521 shares during the last quarter. Kennedy Capital Management LLC lifted its stake in Phillips Edison & Company, Inc. by 20.2% in the 4th quarter. Kennedy Capital Management LLC now owns 349,583 shares of the company’s stock worth $12,435,000 after purchasing an additional 58,868 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Phillips Edison & Company, Inc. by 12.2% in the 4th quarter. Legal & General Group Plc now owns 878,521 shares of the company’s stock worth $31,249,000 after purchasing an additional 95,547 shares in the last quarter. 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 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.