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

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) announced a monthly dividend on Thursday, February 13th,Wall Street Journal reports. Shareholders 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 yield of 3.36%. The ex-dividend date of this dividend is Tuesday, April 15th.

Phillips Edison & Company, Inc. has increased its dividend by an average of 31.1% per year over the last three years. Phillips Edison & Company, Inc. has a payout ratio of 183.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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. Trading Down 1.8 %

Shares of NASDAQ PECO traded down $0.66 during trading on Monday, reaching $36.58. 786,399 shares of the company traded hands, compared to its average volume of 518,993. The firm's fifty day simple moving average is $37.10 and its 200 day simple moving average is $37.30. The stock has a market cap of $4.48 billion, a P/E ratio of 73.16, a PEG ratio of 1.76 and a beta of 0.58. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates 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%. As a group, research analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Analyst Upgrades and Downgrades

PECO has been the topic of several research analyst reports. Wolfe Research upgraded Phillips Edison & Company, Inc. from a "peer perform" rating to an "outperform" rating and set a $44.00 price objective on the stock in a report on Wednesday, November 13th. JPMorgan Chase & Co. lowered their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Mizuho lifted their price objective on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Finally, Wells Fargo & Company lowered their price objective 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $39.50.

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.