PotlatchDeltic (NASDAQ:PCH) Issues Earnings Results

PotlatchDeltic (NASDAQ:PCH) issued its quarterly earnings results on Monday. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17, Briefing.com reports. The firm had revenue of $320.70 million during the quarter, compared to analyst estimates of $305.01 million. PotlatchDeltic had a return on equity of 1.13% and a net margin of 3.45%. The firm’s quarterly revenue was up 30.3% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS.

PotlatchDeltic Stock Down 1.8 %

NASDAQ:PCH traded down $0.80 during trading hours on Wednesday, hitting $44.36. 610,767 shares of the stock traded hands, compared to its average volume of 430,353. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 78.76, a PEG ratio of 9.90 and a beta of 1.12. The firm has a 50 day moving average price of $40.87 and a 200 day moving average price of $43.29. The company has a current ratio of 1.42, a quick ratio of 1.12 and a debt-to-equity ratio of 0.40. PotlatchDeltic has a fifty-two week low of $37.06 and a fifty-two week high of $53.72.

PotlatchDeltic Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were given a $0.45 dividend. The ex-dividend date was Friday, June 7th. This represents a $1.80 annualized dividend and a dividend yield of 4.06%. PotlatchDeltic’s dividend payout ratio (DPR) is presently 315.80%.

Analyst Ratings Changes

Several research firms have recently weighed in on PCH. Royal Bank of Canada raised their price objective on shares of PotlatchDeltic from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday. Truist Financial dropped their price target on PotlatchDeltic from $49.00 to $42.00 and set a “hold” rating on the stock in a report on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $46.00.

Insider Transactions at PotlatchDeltic

In other PotlatchDeltic news, VP Ashlee Townsend Cribb sold 4,114 shares of PotlatchDeltic stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $43.11, for a total transaction of $177,354.54. Following the transaction, the vice president now owns 29,039 shares of the company’s stock, valued at approximately $1,251,871.29. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is currently owned by insiders.

PotlatchDeltic Company Profile

PotlatchDeltic Corporation (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi and South Carolina. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program.