Phillips Edison & Company, Inc. (NASDAQ:PECO) Shareholders to Collect $0.12 Monthly Dividend

Key Points

• Dividend declared: Phillips Edison will pay $0.115 per share on March 2 to shareholders of record February 16—$1.38 annualized, yielding about 3.4%.
• Coverage outlook: The dividend currently exceeds earnings, with a 194.4% payout ratio; analysts’ forecast earnings imply a lower 47.3% payout ratio next year.
• Quarterly results were mixed: Earnings of $0.49 per share missed estimates of $0.69, while revenue of $193.09 million beat forecasts and rose 5.7% year over year.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) declared a monthly dividend on Tuesday, November 10th. Investors of record on Tuesday, February 16th will be given a dividend of $0.1150 per share on Tuesday, March 2nd. This represents a $1.38 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, February 16th.

Phillips Edison & Company, Inc. has increased its dividend 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 194.4% indicating that 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 $2.92 per share next year, which means the company should continue to be able to cover its $1.38 annual dividend with an expected future payout ratio of 47.3%.

Phillips Edison & Company, Inc. Trading Down 0.9%

PECO stock traded down $0.39 during midday trading on Wednesday, hitting $40.81. The stock had a trading volume of 58,237 shares, compared to its average volume of 985,020. The firm has a market cap of $5.27 billion, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 2.44 and a beta of 0.54. The business has a fifty day moving average price of $38.30 and a two-hundred day moving average price of $39.33. Phillips Edison & Company, Inc. has a 1-year low of $34.22 and a 1-year high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its quarterly earnings data on Monday, October 26th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.20). Phillips Edison & Company, Inc. had a return on equity of 6.90% and a net margin of 23.87%. The business had revenue of $193.09 million during the quarter, compared to the consensus estimate of $190.17 million. During the same period last year, the business posted $0.65 earnings per share. The business's revenue was up 5.7% on a year-over-year basis. On average, equities analysts anticipate that Phillips Edison & Company, Inc. will post 2.78 EPS for the current year.

Institutional Trading of Phillips Edison & Company, Inc.

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in Phillips Edison & Company, Inc. by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,899,214 shares of the company's stock worth $71,068,000 after purchasing an additional 74,274 shares during the period. Principal Financial Group Inc. lifted its holdings in Phillips Edison & Company, Inc. by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 612,129 shares of the company's stock worth $22,906,000 after buying an additional 12,155 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Phillips Edison & Company, Inc. by 34.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 483,308 shares of the company's stock valued at $18,085,000 after buying an additional 123,601 shares during the period. Public Sector Pension Investment Board raised its holdings in shares of Phillips Edison & Company, Inc. by 1.1% during the third quarter. Public Sector Pension Investment Board now owns 437,782 shares of the company's stock valued at $16,526,000 after acquiring an additional 4,926 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Phillips Edison & Company, Inc. by 216.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 339,781 shares of the company's stock valued at $12,687,000 after acquiring an additional 232,401 shares in the last quarter. 80.70% of the stock is owned by institutional investors.

About Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc. is a real estate investment trust (REIT) that owns and operates grocery-anchored shopping centers. Its properties are designed to serve local communities, with grocery stores alongside retailers and service providers that meet everyday needs. The company's activities include leasing and managing its centers, as well as acquiring and improving properties. Its portfolio spans markets across the United States. Founded in 1991, Phillips Edison is headquartered in Cincinnati, Ohio.

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