Q3 2024 EPS Estimates for PotlatchDeltic Co. Increased by Seaport Res Ptn (NASDAQ:PCH)

PotlatchDeltic Co. (NASDAQ:PCH) – Seaport Res Ptn upped their Q3 2024 earnings estimates for PotlatchDeltic in a note issued to investors on Monday, April 15th. Seaport Res Ptn analyst M. Weintraub now anticipates that the real estate investment trust will post earnings of $0.32 per share for the quarter, up from their prior forecast of $0.29. The consensus estimate for PotlatchDeltic’s current full-year earnings is $0.68 per share. Seaport Res Ptn also issued estimates for PotlatchDeltic’s Q4 2024 earnings at $0.23 EPS and FY2024 earnings at $0.55 EPS.

PCH has been the topic of a number of other reports. Truist Financial reduced their price target on shares of PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Wednesday, January 31st. Royal Bank of Canada restated a “sector perform” rating and issued a $48.00 price target on shares of PotlatchDeltic in a research report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat, PotlatchDeltic has a consensus rating of “Hold” and a consensus target price of $51.33.

PotlatchDeltic Price Performance

NASDAQ PCH traded down $1.25 on Wednesday, reaching $41.17. The company’s stock had a trading volume of 470,584 shares, compared to its average volume of 420,189. The firm has a market cap of $3.27 billion, a PE ratio of 54.82 and a beta of 1.15. The business has a 50-day moving average price of $45.26 and a 200 day moving average price of $45.89. PotlatchDeltic has a 52 week low of $41.12 and a 52 week high of $54.44. The company has a current ratio of 1.44, a quick ratio of 1.14 and a debt-to-equity ratio of 0.40.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in shares of PotlatchDeltic by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 18,464 shares of the real estate investment trust’s stock worth $976,000 after buying an additional 214 shares during the period. Rockefeller Capital Management L.P. raised its stake in PotlatchDeltic by 0.5% in the 1st quarter. Rockefeller Capital Management L.P. now owns 42,770 shares of the real estate investment trust’s stock worth $2,117,000 after purchasing an additional 220 shares in the last quarter. Glenmede Trust Co. NA raised its stake in PotlatchDeltic by 5.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 5,356 shares of the real estate investment trust’s stock worth $219,000 after purchasing an additional 265 shares in the last quarter. Windward Capital Management Co. CA raised its stake in PotlatchDeltic by 0.4% in the 4th quarter. Windward Capital Management Co. CA now owns 72,976 shares of the real estate investment trust’s stock worth $3,583,000 after purchasing an additional 269 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of PotlatchDeltic by 43.8% in the 3rd quarter. Fifth Third Bancorp now owns 1,002 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 305 shares in the last quarter. Institutional investors own 86.06% of the company’s stock.

Insider Transactions at PotlatchDeltic

In related news, CFO Wayne Wasechek sold 1,565 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $45.13, for a total value of $70,628.45. Following the transaction, the chief financial officer now directly owns 21,247 shares in the company, valued at $958,877.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Wayne Wasechek sold 1,565 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $45.13, for a total transaction of $70,628.45. Following the completion of the sale, the chief financial officer now owns 21,247 shares of the company’s stock, valued at $958,877.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michele Tyler sold 3,968 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $45.14, for a total transaction of $179,115.52. Following the sale, the vice president now directly owns 31,864 shares of the company’s stock, valued at approximately $1,438,340.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,124 shares of company stock worth $1,043,626. Corporate insiders own 1.00% of the company’s stock.

PotlatchDeltic Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.37%. PotlatchDeltic’s payout ratio is 233.77%.

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.