Phillips Edison & Company, Inc. (NASDAQ:PECO) Declares Monthly Dividend of $0.10

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) announced a monthly dividend on Wednesday, February 12th, investing.com reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.1025 per share on Thursday, May 1st. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Tuesday, April 15th.

Phillips Edison & Company, Inc. has raised its dividend payment by an average of 31.1% annually over the last three years. Phillips Edison & Company, Inc. has a payout ratio of 180.9% 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 $2.68 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 Performance

Shares of NASDAQ:PECO traded up $0.12 during trading on Thursday, reaching $35.26. The company had a trading volume of 578,300 shares, compared to its average volume of 606,297. The firm's fifty day moving average is $36.13 and its 200 day moving average is $37.34. The firm has a market capitalization of $4.41 billion, a PE ratio of 70.52, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.12 by $0.50. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. Equities analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

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Analysts Set New Price Targets

Several analysts recently commented on the stock. Wells Fargo & Company cut their target price on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. Mizuho cut their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Phillips Edison & Company, Inc. currently has a consensus rating of "Moderate Buy" and an average price target of $39.00.

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.