PotlatchDeltic Co. (NASDAQ:PCH) Declares $0.45 Quarterly Dividend

PotlatchDeltic Co. (NASDAQ:PCH) announced a quarterly dividend on Friday, February 7th,RTT News reports. Investors of record on Friday, March 7th will be paid a dividend of 0.45 per share by the real estate investment trust on Monday, March 31st. This represents a $1.80 annualized dividend and a dividend yield of 3.99%.

PotlatchDeltic has raised its dividend payment by an average of 63.7% annually over the last three years. PotlatchDeltic has a payout ratio of 155.2% meaning 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 PotlatchDeltic to earn $1.20 per share next year, which means the company may not be able to cover its $1.80 annual dividend with an expected future payout ratio of 150.0%.

PotlatchDeltic Stock Performance

Shares of PCH opened at $45.11 on Friday. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 161.11 and a beta of 1.17. The business’s fifty day simple moving average is $41.64 and its two-hundred day simple moving average is $42.55. PotlatchDeltic has a 12 month low of $37.06 and a 12 month high of $47.65. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46.

PotlatchDeltic (NASDAQ:PCH) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.10. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. Research analysts anticipate that PotlatchDeltic will post 0.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

PCH has been the subject of a number of research analyst reports. Raymond James upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research note on Monday, December 23rd. Citigroup cut their target price on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Royal Bank of Canada reissued an “outperform” rating and set a $50.00 price target on shares of PotlatchDeltic in a report on Wednesday, October 30th. DA Davidson reaffirmed a “buy” rating and issued a $53.00 price objective on shares of PotlatchDeltic in a report on Tuesday, January 28th. Finally, StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $48.57.

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.