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

Phillips Edison & Company, Inc. (NASDAQ:PECO) declared a monthly dividend on Tuesday, September 1st. Investors of record on Thursday, October 15th will be paid a dividend of 0.115 per share on Tuesday, November 3rd. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Thursday, October 15th.

Phillips Edison & Company, Inc. has raised its dividend 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% 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. Trading Up 0.7%

Shares of PECO opened at $39.21 on Thursday. The company has a market capitalization of $5.05 billion, a PE ratio of 34.10, a PEG ratio of 2.01 and a beta of 0.50. Phillips Edison & Company, Inc. has a 12 month low of $32.98 and a 12 month high of $44.38. The stock’s 50-day moving average price is $41.39 and its two-hundred day moving average price is $39.99.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.35). Phillips Edison & Company, Inc. had a return on equity of 5.52% and a net margin of 19.14%.The business had revenue of $189.62 million for the quarter, compared to analyst estimates of $187.46 million. During the same quarter in the previous year, the business posted $0.64 earnings per share. The business’s revenue was up 6.7% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. Equities research analysts predict that Phillips Edison & Company, Inc. will post 2.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PECO. Morgan Stanley increased their price objective on Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, July 10th. JPMorgan Chase & Co. lifted their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Weiss Ratings upgraded shares of Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Barclays increased their target price on Phillips Edison & Company, Inc. from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Monday, August 17th. Finally, UBS Group boosted their price target on Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Phillips Edison & Company, Inc. presently has an average rating of “Hold” and a consensus target price of $44.33.

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.