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

Phillips Edison & Company, Inc. (NASDAQ:PECO) declared a monthly dividend on Wednesday, February 12th, NASDAQ Dividends reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.1025 per share on Tuesday, April 1st. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Monday, March 17th.

Phillips Edison & Company, Inc. has increased its dividend payment by an average of 31.1% annually over the last three years. Phillips Edison & Company, Inc. has a dividend 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. 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 Up 1.1 %

NASDAQ PECO opened at $34.81 on Friday. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $40.12. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 69.62, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57. The business has a fifty day moving average of $36.22 and a 200-day moving average of $37.37.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.62 earnings per share for the quarter, topping 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, analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Wall Street Analysts Forecast Growth

PECO has been the subject of a number of recent analyst reports. Mizuho lowered their price objective on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. 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 for the company in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.00.

About Phillips Edison & Company, Inc.

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.