PotlatchDeltic Co. (NASDAQ:PCH - Free Report) - Analysts at Seaport Res Ptn issued their FY2024 earnings estimates for PotlatchDeltic in a research note issued on Wednesday, October 30th. Seaport Res Ptn analyst M. Weintraub forecasts that the real estate investment trust will post earnings of $0.22 per share for the year. The consensus estimate for PotlatchDeltic's current full-year earnings is $0.05 per share. Seaport Res Ptn also issued estimates for PotlatchDeltic's Q4 2024 earnings at $0.01 EPS and FY2025 earnings at $1.00 EPS.
Other analysts also recently issued research reports about the company. StockNews.com downgraded PotlatchDeltic from a "hold" rating to a "sell" rating in a research report on Monday. Royal Bank of Canada restated an "outperform" rating and issued a $50.00 price objective on shares of PotlatchDeltic in a report on Wednesday, October 30th. 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 report on Tuesday, October 15th. Finally, Bank of America upgraded shares of PotlatchDeltic from a "neutral" rating to a "buy" rating and set a $51.00 target price on the stock in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $48.67.
Read Our Latest Research Report on PotlatchDeltic
PotlatchDeltic Price Performance
PCH stock traded up $0.64 during mid-day trading on Monday, hitting $42.45. 453,062 shares of the stock were exchanged, compared to its average volume of 435,092. The business has a fifty day moving average price of $43.56 and a 200 day moving average price of $42.21. PotlatchDeltic has a 12 month low of $37.06 and a 12 month high of $50.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 1.00. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 202.14 and a beta of 1.14.
PotlatchDeltic (NASDAQ:PCH - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $255.10 million during the quarter, compared to the consensus estimate of $241.35 million. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. The firm's revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS.
PotlatchDeltic Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.24%. The ex-dividend date was Friday, September 13th. PotlatchDeltic's dividend payout ratio is 857.14%.
Institutional Investors Weigh In On PotlatchDeltic
A number of large investors have recently added to or reduced their stakes in PCH. Russell Investments Group Ltd. increased its stake in shares of PotlatchDeltic by 353.2% during the first quarter. Russell Investments Group Ltd. now owns 455,008 shares of the real estate investment trust's stock valued at $21,394,000 after buying an additional 354,616 shares during the period. Deprince Race & Zollo Inc. increased its position in PotlatchDeltic by 33.0% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,227,361 shares of the real estate investment trust's stock valued at $48,346,000 after purchasing an additional 304,352 shares during the period. Janus Henderson Group PLC raised its holdings in PotlatchDeltic by 19.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,316,743 shares of the real estate investment trust's stock worth $61,913,000 after purchasing an additional 212,121 shares in the last quarter. Ceredex Value Advisors LLC purchased a new stake in shares of PotlatchDeltic in the 3rd quarter worth about $7,884,000. Finally, Westwood Holdings Group Inc. boosted its stake in shares of PotlatchDeltic by 10.3% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,606,131 shares of the real estate investment trust's stock valued at $75,520,000 after purchasing an additional 149,920 shares in the last quarter. Institutional investors own 86.06% of the company's stock.
PotlatchDeltic Company Profile
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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.
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