PotlatchDeltic (NASDAQ:PCH) Announces Quarterly Earnings Results

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

PotlatchDeltic Trading Down 4.2 %

PotlatchDeltic stock opened at $40.52 on Wednesday. The company’s fifty day simple moving average is $43.58 and its 200-day simple moving average is $42.22. The company has a quick ratio of 1.00, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. PotlatchDeltic has a 12 month low of $37.06 and a 12 month high of $50.04. The stock has a market cap of $3.20 billion, a P/E ratio of 88.09 and a beta of 1.13.

PotlatchDeltic Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend was Friday, September 13th. PotlatchDeltic’s dividend payout ratio (DPR) is 391.31%.

Wall Street Analysts Forecast Growth

PCH has been the subject of several recent analyst reports. Royal Bank of Canada increased their price objective on shares of PotlatchDeltic from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Bank of America upgraded 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 increased their target price on shares of PotlatchDeltic from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Finally, StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $48.67.

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.