Phillips Edison & Company, Inc. (NASDAQ:PECO) Shareholders to Collect $0.12 Monthly Dividend

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a monthly dividend on Tuesday, November 10th. Investors of record on Friday, January 15th will be given a dividend of $0.1150 per share on Tuesday, February 2nd. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, January 15th.

Phillips Edison & Company, Inc. has increased its dividend by an average of 0.7% annually over the last three years and has raised its dividend every year for the last 1 years. Phillips Edison & Company, Inc. has a dividend payout ratio of 194.4% indicating that 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 $2.92 per share next year, which means the company should continue to be able to cover its $1.38 annual dividend with an expected future payout ratio of 47.3%.

Phillips Edison & Company, Inc. Trading Down 0.9%

Phillips Edison & Company, Inc. stock traded down $0.39 during midday trading on Wednesday, reaching $40.81. 58,237 shares of the stock traded hands, compared to its average volume of 985,020. The firm has a fifty day moving average price of $38.30 and a two-hundred day moving average price of $39.33. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 2.44 and a beta of 0.54. Phillips Edison & Company, Inc. has a fifty-two week low of $34.22 and a fifty-two week high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Monday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.20). Phillips Edison & Company, Inc. had a return on equity of 6.90% and a net margin of 23.87%. The business had revenue of $193.09 million for the quarter, compared to analyst estimates of $190.17 million. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts anticipate that Phillips Edison & Company, Inc. will post 2.78 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Impax Asset Management Group plc bought a new stake in shares of Phillips Edison & Company, Inc. during the 3rd quarter worth $9,335,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of Phillips Edison & Company, Inc. by 216.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 339,781 shares of the company’s stock worth $12,687,000 after acquiring an additional 232,401 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Phillips Edison & Company, Inc. during the second quarter worth $6,032,000. Arrowstreet Capital Limited Partnership raised its position in shares of Phillips Edison & Company, Inc. by 34.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 483,308 shares of the company’s stock worth $18,085,000 after purchasing an additional 123,601 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of Phillips Edison & Company, Inc. by 87.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 246,010 shares of the company’s stock valued at $9,186,000 after purchasing an additional 115,068 shares during the period. Institutional investors own 80.70% of the company’s stock.

About Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc. is a real estate investment trust (REIT) that owns and operates grocery-anchored shopping centers. Its properties are designed to serve local communities, with grocery stores alongside retailers and service providers that meet everyday needs. The company’s activities include leasing and managing its centers, as well as acquiring and improving properties. Its portfolio spans markets across the United States. Founded in 1991, Phillips Edison is headquartered in Cincinnati, Ohio.