PotlatchDeltic Co. Plans Quarterly Dividend of $0.45 (NASDAQ:PCH)

PotlatchDeltic Co. (NASDAQ:PCH) announced a quarterly dividend on Friday, February 7th, RTT News reports. Stockholders of record on Friday, March 7th will be paid a dividend of 0.45 per share by the real estate investment trust on Monday, March 31st. This represents a $1.80 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Friday, March 7th.

PotlatchDeltic has increased its dividend payment by an average of 63.7% per year over the last three years. PotlatchDeltic has a payout ratio of 147.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect PotlatchDeltic to earn $1.20 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 150.0%.

PotlatchDeltic Stock Performance

Shares of PCH opened at $47.05 on Wednesday. PotlatchDeltic has a 52-week low of $37.06 and a 52-week high of $48.12. The stock’s 50-day simple moving average is $42.71 and its 200 day simple moving average is $42.91. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.49. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 168.04 and a beta of 1.17.

PotlatchDeltic (NASDAQ:PCH) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. Research analysts forecast that PotlatchDeltic will post 0.8 EPS for the current fiscal year.

Insider Buying and Selling at PotlatchDeltic

In other PotlatchDeltic news, VP Michele Tyler sold 3,170 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.72, for a total transaction of $141,762.40. Following the transaction, the vice president now owns 39,446 shares of the company’s stock, valued at $1,764,025.12. This trade represents a 7.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Eric J. Cremers sold 14,188 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.76, for a total transaction of $635,054.88. Following the completion of the transaction, the chief executive officer now owns 281,133 shares in the company, valued at $12,583,513.08. The trade was a 4.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,651 shares of company stock valued at $834,770. 2.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on PCH shares. Raymond James raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Monday, December 23rd. Citigroup dropped 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. DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a research report on Wednesday, January 29th. Truist Financial cut their target price on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Finally, BMO Capital Markets raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a research note on Friday, December 6th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, PotlatchDeltic has a consensus rating of “Moderate Buy” and a consensus target price of $48.71.

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.