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

Key Points

• Phillips Edison & Company declared a monthly dividend of $0.115 per share, payable December 1 to shareholders of record on November 16. The dividend implies an annualized payout of approximately $1.30 per share and a 3.5% yield.
• The company’s current earnings do not fully cover the dividend, reflected in a 183.1% payout ratio, though analysts expect earnings growth to reduce the forward payout ratio to about 44.5%.
• Analysts maintain a generally neutral view, with three Buy ratings and six Holds and a consensus price target of $44.33, compared with PECO’s recent price of $38.90.

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

Phillips Edison & Company, Inc. has raised its dividend payment by an average of 0.7%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Phillips Edison & Company, Inc. has a 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. 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 $1.30 annual dividend with an expected future payout ratio of 44.5%.

Phillips Edison & Company, Inc. Price Performance

PECO traded down $0.02 on Wednesday, reaching $38.90. 35,181 shares of the stock were exchanged, compared to its average volume of 925,453. The company's 50-day moving average price is $41.45 and its 200 day moving average price is $39.98. The firm has a market capitalization of $5.01 billion, a PE ratio of 33.83, a PEG ratio of 2.00 and a beta of 0.50. Phillips Edison & Company, Inc. has a fifty-two week low of $32.98 and a fifty-two week high of $44.38.

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PECO. Morgan Stanley raised their price target on shares of Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Friday, July 10th. UBS Group upped their price objective on shares of Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the company a "neutral" rating in a report on Thursday, July 9th. Weiss Ratings upgraded shares of Phillips Edison & Company, Inc. from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, July 23rd. Evercore reissued an "outperform" rating and set a $44.00 target price on shares of Phillips Edison & Company, Inc. in a report on Tuesday, July 7th. Finally, Barclays boosted their target price on shares of Phillips Edison & Company, Inc. from $45.00 to $46.00 and gave the company an "equal weight" rating in a research report on Monday, August 17th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently 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.

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