Phillips Edison & Company, Inc. Declares Sep 25 Dividend of $0.11 (NASDAQ:PECO)

Key Points

• Phillips Edison & Company, Inc. announced a dividend of $0.11 per share payable on October 1st to stockholders of record as of September 15th.
• The company has a high payout ratio of 173.2%, indicating reliance on its balance sheet for dividend payments, though analysts project a future payout ratio of 45.9% based on expected earnings.
• As of Tuesday, NASDAQ:PECO's stock price opened at $35.19, with a market capitalization of $4.42 billion.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) announced a sep 25 dividend on Tuesday, September 2nd, RTT News reports. Stockholders of record on Monday, September 15th will be given a dividend of 0.1083 per share on Wednesday, October 1st.

Phillips Edison & Company, Inc. has a payout ratio of 173.2% 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 $2.68 per share next year, which means the company should continue to be able to cover its $1.23 annual dividend with an expected future payout ratio of 45.9%.

Phillips Edison & Company, Inc. Price Performance

NASDAQ PECO opened at $35.19 on Tuesday. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 63.98, a PEG ratio of 1.20 and a beta of 0.55. Phillips Edison & Company, Inc. has a one year low of $32.40 and a one year high of $40.12. The business's fifty day moving average is $34.47 and its 200-day moving average is $35.14.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01. Phillips Edison & Company, Inc. had a return on equity of 2.64% and a net margin of 9.91%.The company had revenue of $173.47 million during the quarter, compared to analyst estimates of $174.38 million. During the same quarter last year, the firm posted $0.59 EPS. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. Research analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

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

A number of institutional investors and hedge funds have recently made changes to their positions in PECO. Price T Rowe Associates Inc. MD grew its holdings in shares of Phillips Edison & Company, Inc. by 11.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 79,799 shares of the company's stock worth $2,990,000 after purchasing an additional 8,065 shares in the last quarter. Northern Trust Corp lifted its position in Phillips Edison & Company, Inc. by 26.7% in the 4th quarter. Northern Trust Corp now owns 1,690,805 shares of the company's stock worth $63,338,000 after buying an additional 356,368 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in Phillips Edison & Company, Inc. in the 4th quarter worth approximately $591,000. Brevan Howard Capital Management LP bought a new stake in Phillips Edison & Company, Inc. in the 4th quarter worth approximately $221,000. Finally, EP Wealth Advisors LLC bought a new stake in Phillips Edison & Company, Inc. in the 4th quarter worth approximately $322,000. Hedge funds and other institutional investors own 80.70% of the company's stock.

About Phillips Edison & Company, Inc.

Phillips Edison & Co, Inc is a real estate investment trust, which engages in the ownership and operation of shopping centers. It also offers an investment management business providing property management and advisory services. Its portfolio consists of well-occupied, grocery-anchored neighborhood and community shopping centers having a mix of national, regional, and local retailers offering necessity-based goods and services.

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