Phillips Edison & Company, Inc. (NASDAQ:PECO) Announces $0.11 Monthly Dividend

Key Points

• Phillips Edison & Company, Inc. has declared a monthly dividend of $0.11 per share, with an annualized yield of 3.7%, payable on November 4th to shareholders of record on October 15th.
• The company's current dividend payout ratio is 173.2%, indicating reliance on its balance sheet to cover dividend payments, although future earnings expectations suggest a more sustainable payout ratio of 45.9%.
• As of the latest report, Phillips Edison & Company, Inc. stock has a market cap of $4.41 billion and a PE ratio of 63.85, with earnings per share expectations set at $2.68 for next year.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) announced a monthly dividend on Tuesday, September 2nd. Shareholders of record on Wednesday, October 15th will be given a dividend of 0.1083 per share on Tuesday, November 4th. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, October 15th.

Phillips Edison & Company, Inc. has a dividend payout ratio of 173.2% meaning 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. Stock Up 0.3%

NASDAQ:PECO traded up $0.12 on Friday, reaching $36.15. 550,677 shares of the company's stock traded hands, compared to its average volume of 822,440. The stock has a 50-day simple moving average of $34.53 and a 200-day simple moving average of $35.13. The firm has a market cap of $4.54 billion, a PE ratio of 65.73, a P/E/G ratio of 1.23 and a beta of 0.55. Phillips Edison & Company, Inc. has a 12 month low of $32.40 and a 12 month high of $40.12.

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

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

Several large investors have recently made changes to their positions in PECO. Townsquare Capital LLC raised its position in shares of Phillips Edison & Company, Inc. by 3.6% during the 1st quarter. Townsquare Capital LLC now owns 8,610 shares of the company's stock worth $314,000 after purchasing an additional 303 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Phillips Edison & Company, Inc. by 1.0% during the 2nd quarter. Lazard Asset Management LLC now owns 30,876 shares of the company's stock worth $1,081,000 after purchasing an additional 314 shares during the last quarter. Fifth Third Bancorp raised its holdings in Phillips Edison & Company, Inc. by 78.1% in the 1st quarter. Fifth Third Bancorp now owns 732 shares of the company's stock valued at $27,000 after acquiring an additional 321 shares during the last quarter. Maryland State Retirement & Pension System raised its holdings in Phillips Edison & Company, Inc. by 1.0% in the 2nd quarter. Maryland State Retirement & Pension System now owns 36,853 shares of the company's stock valued at $1,291,000 after acquiring an additional 371 shares during the last quarter. Finally, Norinchukin Bank The raised its holdings in Phillips Edison & Company, Inc. by 6.9% in the 1st quarter. Norinchukin Bank The now owns 5,785 shares of the company's stock valued at $211,000 after acquiring an additional 372 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

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.