Phillips Edison & Company, Inc. (PECO) To Go Ex-Dividend on March 17th

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a monthly dividend on Wednesday, February 12th, NASDAQ Dividends reports. Shareholders 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 annualized dividend and a yield of 3.53%. The ex-dividend date is Monday, March 17th.

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 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. 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. Trading Up 1.1 %

NASDAQ:PECO opened at $34.81 on Friday. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12. The stock’s 50 day simple moving average is $36.22 and its 200-day simple moving average is $37.37. The firm has a market cap of $4.36 billion, a P/E ratio of 69.62, a PEG ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Research analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wells Fargo & Company cut their price target on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Mizuho lowered their price target on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. cut 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 report 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. presently has a consensus 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.