PotlatchDeltic (NASDAQ:PCH) Announces Quarterly Earnings Results, Beats Estimates By $0.10 EPS

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

PotlatchDeltic Stock Up 2.8 %

PCH traded up $1.15 during trading 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 market cap of $3.38 billion, a P/E ratio of 204.10 and a beta of 1.16. PotlatchDeltic has a 12 month low of $37.06 and a 12 month high of $47.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.93. The business’s fifty day moving average price is $41.49 and its 200 day moving average price is $42.36.

PotlatchDeltic Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.20%. PotlatchDeltic’s dividend payout ratio is 857.14%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $50.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Truist Financial decreased their price objective on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a report on Monday, January 6th. StockNews.com cut shares of PotlatchDeltic from a “hold” rating to a “sell” rating in a report on Thursday. Raymond James raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a report on Monday, December 23rd. Finally, Citigroup cut their target price on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.