Phillips Edison & Company, Inc. (NASDAQ:PECO) Declares $0.10 Monthly Dividend

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) declared a monthly dividend on Thursday, May 1st, NASDAQ Dividends reports. Investors of record on Friday, May 16th will be paid a dividend of 0.1025 per share on Tuesday, June 3rd. This represents a $1.23 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Friday, May 16th.

Phillips Edison & Company, Inc. has increased its dividend by an average of 31.1% per year 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 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. Equities 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

Shares of NASDAQ PECO opened at $35.69 on Wednesday. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12. The firm has a 50-day simple moving average of $35.37 and a two-hundred day simple moving average of $36.80. The company has a market cap of $4.48 billion, a P/E ratio of 71.38, a PEG ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.02. Phillips Edison & Company, Inc. had a return on equity of 2.40% and a net margin of 9.48%. The firm had revenue of $178.31 million during the quarter, compared to analyst estimates of $170.59 million. During the same period last year, the company earned $0.60 EPS. Phillips Edison & Company, Inc.'s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PECO. Wells Fargo & Company decreased their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Mizuho lowered their target price on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating for the company in a report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $38.83.

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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