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

Key Points

• Phillips Edison will pay a $0.1083 monthly dividend on September 1 to shareholders of record August 17, equivalent to approximately $1.30 annually and a 3.1% yield.
• The dividend payout ratio is currently high at 183.1%, meaning earnings alone do not cover the payment; however, analysts expect a future payout ratio of 44.8% based on projected earnings.
• PECO recently reported quarterly EPS of $0.33, missing the $0.68 consensus estimate, while revenue rose 6.7% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $44.67.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) declared a monthly dividend on Wednesday, August 5th. Shareholders of record on Monday, August 17th will be given a dividend of 0.1083 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, August 17th.

Phillips Edison & Company, Inc. has raised its dividend payment by an average of 0.7%per year over the last three years and has raised its dividend every year for the last 1 years. Phillips Edison & Company, Inc. has a dividend payout ratio of 183.1% meaning 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 $2.90 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 44.8%.

Phillips Edison & Company, Inc. Trading Down 0.1%

Phillips Edison & Company, Inc. stock opened at $41.58 on Thursday. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 36.16, a price-to-earnings-growth ratio of 2.16 and a beta of 0.52. Phillips Edison & Company, Inc. has a 1-year low of $32.84 and a 1-year high of $44.38. The firm's fifty day moving average price is $41.80 and its two-hundred day moving average price is $39.52.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.35). Phillips Edison & Company, Inc. had a return on equity of 5.52% and a net margin of 19.14%.The company had revenue of $189.62 million for the quarter, compared to the consensus estimate of $187.46 million. During the same period in the prior year, the firm posted $0.64 earnings per share. The business's revenue for the quarter was up 6.7% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. On average, research analysts forecast that Phillips Edison & Company, Inc. will post 2.76 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on PECO shares. Wells Fargo & Company increased their target price on shares of Phillips Edison & Company, Inc. from $42.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 23rd. Barclays lifted their target price on shares of Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 12th. UBS Group upped their target price on shares of Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. LADENBURG THALM/SH SH upped their target price on Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the stock a "buy" rating in a research note on Tuesday, June 16th. Finally, Weiss Ratings raised Phillips Edison & Company, Inc. from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, July 23rd. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Phillips Edison & Company, Inc. currently has an average rating of "Hold" and an average price target of $44.67.

About Phillips Edison & Company, Inc.

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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