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

PotlatchDeltic (NASDAQ:PCH) posted its quarterly earnings data on Monday. The real estate investment trust reported $0.07 earnings per share (EPS) 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 Price Performance

Shares of NASDAQ PCH opened at $42.86 on Tuesday. The business’s 50 day moving average is $41.51 and its 200-day moving average is $42.39. The firm has a market cap of $3.38 billion, a P/E ratio of 204.10 and a beta of 1.16. PotlatchDeltic has a 1-year low of $37.06 and a 1-year high of $47.65. 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

PCH has been the subject of several recent research reports. BMO Capital Markets upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a report on Friday, December 6th. Citigroup lowered their target price on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Truist Financial reduced their price target on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Raymond James raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Monday, December 23rd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $50.00 price objective on shares of PotlatchDeltic in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.83.

PotlatchDeltic Company Profile

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.