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

Key Points

• Phillips Edison declared a monthly dividend of $0.115 per share, payable November 3 to shareholders of record October 15, representing an annualized dividend of approximately $1.30 and a 3.5% yield.
• The dividend payout ratio is currently high at 183.1%, meaning earnings do not fully cover the payout; however, analysts expect a future payout ratio of 44.5% based on projected earnings.
• PECO shares recently traded near $38.90, while analysts maintain a consensus “Hold” rating and an average price target of $44.33.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) declared a monthly dividend on Tuesday, September 1st. Stockholders of record on Thursday, October 15th will be given a dividend of 0.115 per share on Tuesday, November 3rd. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend 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 annually for the last 1 consecutive 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. 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 PECO traded down $0.02 during trading hours on Wednesday, hitting $38.90. The stock had a trading volume of 35,181 shares, compared to its average volume of 925,453. The firm has a 50-day moving average price of $41.45 and a 200 day moving average price of $39.98. Phillips Edison & Company, Inc. has a fifty-two week low of $32.98 and a fifty-two week high of $44.38. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 33.83, a PEG ratio of 2.00 and a beta of 0.50.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PECO. UBS Group increased their target price on shares of Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the stock a "neutral" rating in a research note on Thursday, July 9th. Weiss Ratings raised Phillips Edison & Company, Inc. from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, July 23rd. Barclays increased their price target on Phillips Edison & Company, Inc. from $45.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Monday, August 17th. Evercore restated an "outperform" rating and issued a $44.00 price objective on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the company a "neutral" rating in a research report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target 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.

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