PotlatchDeltic (NASDAQ:PCH) Issues Earnings Results

PotlatchDeltic (NASDAQ:PCH) released its quarterly earnings results on Monday. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.10, RTT News reports. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%.

PotlatchDeltic Trading Up 2.8 %

PotlatchDeltic stock traded up $1.15 during trading hours on Monday, reaching $42.86. The company had a trading volume of 488,168 shares, compared to its average volume of 392,546. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.93. PotlatchDeltic has a 12-month low of $37.06 and a 12-month high of $47.65. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 204.10 and a beta of 1.16. The company has a 50-day moving average price of $41.49 and a 200 day moving average price of $42.36.

PotlatchDeltic Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.45 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.80 annualized dividend and a dividend yield of 4.20%. PotlatchDeltic’s dividend payout ratio is currently 857.14%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PCH. StockNews.com downgraded shares of PotlatchDeltic from a “hold” rating to a “sell” rating in a research report on Thursday. BMO Capital Markets upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a report on Friday, December 6th. Raymond James raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Monday, December 23rd. Citigroup lowered their price objective on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Finally, Truist Financial cut their target price on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.83.

About PotlatchDeltic

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.