Phillips Edison & Company, Inc. (PECO) to Issue Monthly Dividend of $0.11 on May 1st

Phillips Edison & Company, Inc. (NASDAQ:PECO) declared a monthly dividend on Thursday, February 12th. Stockholders of record on Wednesday, April 15th will be paid a dividend of 0.1083 per share on Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Wednesday, April 15th.

Phillips Edison & Company, Inc. has raised its dividend payment by an average of 0.7%annually over the last three years and has increased its dividend every year for the last 1 years. Phillips Edison & Company, Inc. has a 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 $2.68 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 48.5%.

Phillips Edison & Company, Inc. Stock Up 0.9%

NASDAQ PECO opened at $38.20 on Friday. The firm’s 50 day moving average is $35.84 and its 200-day moving average is $34.98. The company has a market capitalization of $4.81 billion, a PE ratio of 42.92, a price-to-earnings-growth ratio of 0.96 and a beta of 0.53. Phillips Edison & Company, Inc. has a 12-month low of $32.40 and a 12-month high of $38.67.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its earnings results on Thursday, February 5th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.28). Phillips Edison & Company, Inc. had a return on equity of 4.29% and a net margin of 15.32%.The business had revenue of $187.86 million for the quarter, compared to analyst estimates of $183.18 million. During the same quarter in the previous year, the company posted $0.62 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. As a group, sell-side analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Hedge Funds Weigh In On Phillips Edison & Company, Inc.

Institutional investors and hedge funds have recently modified their holdings of the stock. Assetmark Inc. acquired a new stake in shares of Phillips Edison & Company, Inc. during the 2nd quarter worth about $28,000. Flagship Harbor Advisors LLC bought a new position in Phillips Edison & Company, Inc. in the 4th quarter valued at about $31,000. Jones Financial Companies Lllp raised its holdings in Phillips Edison & Company, Inc. by 2,590.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,076 shares of the company’s stock valued at $37,000 after acquiring an additional 1,036 shares during the period. Hantz Financial Services Inc. lifted its position in Phillips Edison & Company, Inc. by 418.1% during the third quarter. Hantz Financial Services Inc. now owns 1,119 shares of the company’s stock worth $38,000 after acquiring an additional 903 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Phillips Edison & Company, Inc. by 143.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock worth $41,000 after acquiring an additional 672 shares during the period. 80.70% of the stock is currently owned by institutional investors and hedge funds.

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.