PotlatchDeltic (NASDAQ:PCH) Announces Earnings Results

PotlatchDeltic (NASDAQ:PCH) released its quarterly earnings data on Monday. The real estate investment trust reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08, Briefing.com reports. The company had revenue of $255.10 million during the quarter, compared to the consensus estimate of $241.35 million. PotlatchDeltic had a net margin of 3.45% and a return on equity of 1.14%. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS.

PotlatchDeltic Price Performance

Shares of PotlatchDeltic stock traded up $1.55 during mid-day trading on Wednesday, reaching $42.07. 577,045 shares of the stock were exchanged, compared to its average volume of 434,878. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 91.46 and a beta of 1.13. The company has a current ratio of 1.29, a quick ratio of 1.00 and a debt-to-equity ratio of 0.41. The firm has a 50-day simple moving average of $43.60 and a 200 day simple moving average of $42.22. PotlatchDeltic has a fifty-two week low of $37.06 and a fifty-two week high of $50.04.

PotlatchDeltic Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend was Friday, September 13th. PotlatchDeltic’s dividend payout ratio (DPR) is currently 391.31%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PCH shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $50.00 price objective on shares of PotlatchDeltic in a report on Wednesday. Bank of America raised shares of PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Thursday, September 12th. Truist Financial raised their price objective on shares of PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Finally, StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $48.67.

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.