Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) declared a monthly dividend on Wednesday, February 12th, NASDAQ Dividends reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.1025 per share on Thursday, May 1st. This represents a $1.23 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Tuesday, April 15th.
Phillips Edison & Company, Inc. has raised its dividend by an average of 31.1% annually over the last three years. Phillips Edison & Company, Inc. has a payout ratio of 180.9% 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 $2.68 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 down $0.01 during mid-day trading on Wednesday, reaching $35.14. 441,574 shares of the company's stock were exchanged, compared to its average volume of 606,082. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $40.12. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 70.28, a PEG ratio of 1.70 and a beta of 0.57. The business's fifty day moving average price is $36.16 and its 200-day moving average price is $37.35.
Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.12 by $0.50. Phillips Edison & Company, Inc. had a return on equity of 2.40% and a net margin of 9.48%. Analysts predict that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts recently commented on PECO shares. Wells Fargo & Company reduced their target price on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Finally, Mizuho lowered 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.
Read Our Latest Analysis on PECO
Phillips Edison & Company, Inc. Company Profile
(
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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.
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