Phillips Edison & Company, Inc. (PECO) to Issue Monthly Dividend of $0.11 on November 4th

Phillips Edison & Company, Inc. (NASDAQ:PECO) declared a monthly dividend on Tuesday, September 2nd. Stockholders of record on Wednesday, October 15th will be paid a dividend of 0.1083 per share on Tuesday, November 4th. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date 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. Research 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 Down 1.4%

Shares of NASDAQ PECO opened at $33.25 on Monday. Phillips Edison & Company, Inc. has a 52 week low of $32.40 and a 52 week high of $40.12. The business’s 50 day moving average price is $34.50 and its 200 day moving average price is $34.94. The firm has a market cap of $4.18 billion, a P/E ratio of 60.45, a P/E/G ratio of 1.13 and a beta of 0.54.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Fifth Third Bancorp grew its stake 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 period. Assetmark Inc. purchased a new position in Phillips Edison & Company, Inc. during the second quarter valued at $28,000. CX Institutional purchased a new position in Phillips Edison & Company, Inc. during the first quarter valued at $30,000. Quarry LP grew its position in shares of Phillips Edison & Company, Inc. by 21,362.5% in the first quarter. Quarry LP now owns 1,717 shares of the company’s stock valued at $63,000 after purchasing an additional 1,709 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of Phillips Edison & Company, Inc. during the first quarter worth about $91,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Company Profile

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.