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

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a dividend on Sunday, March 16th, investing.com reports. Investors of record on Tuesday, March 18th will be given a dividend of 0.1025 per share on Tuesday, April 1st. This represents 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 by an average of 31.1% per year 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. 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. Trading Up 1.1 %

Shares of PECO stock opened at $34.81 on Monday. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 69.62, a PEG ratio of 1.70 and a beta of 0.57. The firm has a 50-day moving average price of $36.22 and a 200 day moving average price of $37.38. 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) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.62 EPS for the quarter, topping 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%. As a group, research analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased 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. Wells Fargo & Company decreased their price target on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Finally, 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.