Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) announced a monthly dividend on Tuesday, November 10th. Investors of record on Friday, January 15th will be given a dividend of $0.1150 per share on Tuesday, February 2nd. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, January 15th.
Phillips Edison & Company, Inc. has increased its dividend payment by an average of 0.7% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Phillips Edison & Company, Inc. has a payout ratio of 194.4% 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 $2.92 per share next year, which means the company should continue to be able to cover its $1.38 annual dividend with an expected future payout ratio of 47.3%.
Phillips Edison & Company, Inc. Stock Performance
Shares of Phillips Edison & Company, Inc. stock traded down $0.41 on Wednesday, hitting $40.78. The company had a trading volume of 44,063 shares, compared to its average volume of 984,987. Phillips Edison & Company, Inc. has a 1 year low of $34.22 and a 1 year high of $44.38. The stock has a 50 day moving average of $38.30 and a 200-day moving average of $39.33. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 28.32, a P/E/G ratio of 2.44 and a beta of 0.54.
Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) last released its quarterly earnings results on Monday, October 26th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.20). The firm had revenue of $193.09 million for the quarter, compared to analysts’ expectations of $190.17 million. Phillips Edison & Company, Inc. had a return on equity of 6.90% and a net margin of 23.87%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 earnings per share. Equities analysts anticipate that Phillips Edison & Company, Inc. will post 2.78 earnings per share for the current year.
Phillips Edison & Company, Inc. Company Profile
Phillips Edison & Company, Inc. is a real estate investment trust (REIT) that owns and operates grocery-anchored shopping centers. Its properties are designed to serve local communities, with grocery stores alongside retailers and service providers that meet everyday needs. The company’s activities include leasing and managing its centers, as well as acquiring and improving properties. Its portfolio spans markets across the United States. Founded in 1991, Phillips Edison is headquartered in Cincinnati, Ohio.
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