PotlatchDeltic (NASDAQ:PCH) Issues Quarterly Earnings Results

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

PotlatchDeltic Price Performance

Shares of NASDAQ PCH traded down $0.11 during midday trading on Wednesday, reaching $45.05. The company’s stock had a trading volume of 112,800 shares, compared to its average volume of 426,942. The company has a market cap of $3.58 billion, a P/E ratio of 78.76, a P/E/G ratio of 9.90 and a beta of 1.12. PotlatchDeltic has a fifty-two week low of $37.06 and a fifty-two week high of $53.72. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.12 and a current ratio of 1.42. The business’s 50 day moving average price is $40.87 and its two-hundred day moving average price is $43.29.

PotlatchDeltic Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, June 7th. This represents a $1.80 annualized dividend and a dividend yield of 4.00%. PotlatchDeltic’s dividend payout ratio is presently 315.80%.

Analysts Set New Price Targets

A number of research analysts recently commented on PCH shares. Royal Bank of Canada upped their price target on shares of PotlatchDeltic from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday. Truist Financial decreased their target price on PotlatchDeltic from $49.00 to $42.00 and set a “hold” rating on the stock in a research report on Tuesday, July 16th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $46.00.

Insider Transactions at PotlatchDeltic

In other PotlatchDeltic news, VP Ashlee Townsend Cribb sold 4,114 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $43.11, for a total transaction of $177,354.54. Following the completion of the transaction, the vice president now directly owns 29,039 shares in the company, valued at $1,251,871.29. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.