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, beating the consensus estimate of ($0.03) by $0.10, RTT News reports. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%.

PotlatchDeltic Price Performance

PCH opened at $42.51 on Wednesday. The stock has a fifty day moving average of $41.53 and a 200-day moving average of $42.41. The firm has a market capitalization of $3.35 billion, a P/E ratio of 202.43 and a beta of 1.16. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. PotlatchDeltic has a 12-month low of $37.06 and a 12-month high of $47.65.

PotlatchDeltic Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.23%. PotlatchDeltic’s dividend payout ratio is currently 857.14%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PCH shares. Citigroup decreased their price target on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Truist Financial decreased their target price on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, January 6th. BMO Capital Markets upgraded 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 report on Friday, December 6th. Royal Bank of Canada restated an “outperform” rating and set a $50.00 price objective on shares of PotlatchDeltic in a research report on Wednesday, October 30th. Finally, Raymond James upgraded shares of 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, PotlatchDeltic has an average rating of “Moderate Buy” and an average target price 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.