PotlatchDeltic Co. (PCH) To Go Ex-Dividend on December 16th

PotlatchDeltic Co. (NASDAQ:PCH) announced a quarterly dividend on Friday, December 6th,RTT News reports. Investors of record on Monday, December 16th will be given a dividend of 0.45 per share by the real estate investment trust on Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Monday, December 16th.

PotlatchDeltic has a payout ratio of 240.0% indicating that 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 $0.81 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 222.2%.

PotlatchDeltic Stock Down 0.8 %

PotlatchDeltic stock opened at $42.71 on Friday. PotlatchDeltic has a 52 week low of $37.06 and a 52 week high of $50.04. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 203.38 and a beta of 1.14. The company’s 50-day moving average price is $42.90 and its two-hundred day moving average price is $42.35. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42.

PotlatchDeltic (NASDAQ:PCH) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The firm had revenue of $255.10 million for the quarter, compared to analyst estimates of $241.35 million. During the same period in the previous year, the company earned $0.14 earnings per share. PotlatchDeltic’s revenue was down 3.9% compared to the same quarter last year. On average, analysts expect that PotlatchDeltic will post 0.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on PCH shares. Royal Bank of Canada restated an “outperform” rating and issued a $50.00 price target on shares of PotlatchDeltic in a research report on Wednesday, October 30th. BMO Capital Markets upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target for the company in a report on Friday, December 6th. Bank of America raised PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Thursday, September 12th. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Truist Financial lifted their price objective on PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.25.

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.