Phillips Edison & Company, Inc. (NASDAQ:PECO) Plans Monthly Dividend of $0.12

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a monthly dividend on Tuesday, November 10th. Shareholders of record on Tuesday, December 15th will be paid a dividend of $0.1150 per share on Tuesday, January 5th. This represents a $1.38 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, December 15th.

Phillips Edison & Company, Inc. has increased its dividend 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% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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. Price Performance

PECO traded down $0.39 during trading on Wednesday, hitting $40.81. 58,237 shares of the stock traded hands, compared to its average volume of 985,020. The firm has a market capitalization of $5.27 billion, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 2.44 and a beta of 0.54. Phillips Edison & Company, Inc. has a 12-month low of $34.22 and a 12-month high of $44.38. The firm has a 50-day moving average of $38.30 and a 200 day moving average of $39.33.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its earnings results on Monday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.20). Phillips Edison & Company, Inc. had a net margin of 23.87% and a return on equity of 6.90%. The business had revenue of $193.09 million for the quarter, compared to analysts’ expectations of $190.17 million. During the same period last year, the firm posted $0.65 earnings per share. Phillips Edison & Company, Inc.’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, equities analysts predict that Phillips Edison & Company, Inc. will post 2.78 EPS for the current fiscal year.

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

A number of large investors have recently modified their holdings of PECO. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Phillips Edison & Company, Inc. in the 2nd quarter valued at about $3,768,000. Fifth Third Bancorp raised its holdings in Phillips Edison & Company, Inc. by 4,823.2% in the first quarter. Fifth Third Bancorp now owns 34,216 shares of the company’s stock valued at $1,280,000 after acquiring an additional 33,521 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Phillips Edison & Company, Inc. in the second quarter valued at $6,032,000. First Trust Advisors LP increased its stake in Phillips Edison & Company, Inc. by 210.6% in the first quarter. First Trust Advisors LP now owns 119,885 shares of the company’s stock valued at $4,486,000 after purchasing an additional 81,293 shares during the last quarter. Finally, Ameritas Advisory Services LLC increased its position in shares of Phillips Edison & Company, Inc. by 79.0% during the second quarter. Ameritas Advisory Services LLC now owns 73,001 shares of the company’s stock worth $3,038,000 after purchasing an additional 32,217 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

About Phillips Edison & Company, Inc.

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.