PotlatchDeltic (NASDAQ:PCH) Posts Earnings Results, Beats Expectations By $0.10 EPS

PotlatchDeltic (NASDAQ:PCH) posted its quarterly earnings results on Monday. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, topping 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 Stock Performance

PCH stock opened at $42.86 on Tuesday. 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. The stock has a 50-day moving average price of $41.51 and a 200-day moving average price of $42.39. The firm has a market cap of $3.38 billion, a PE ratio of 204.10 and a beta of 1.16.

PotlatchDeltic Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders 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 yield of 4.20%. PotlatchDeltic’s payout ratio is currently 857.14%.

Analyst Upgrades and Downgrades

PCH has been the topic of a number of research analyst reports. Truist Financial reduced their target price on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Raymond James raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a report on Monday, December 23rd. 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 report on Friday, December 6th. Citigroup dropped their price objective on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Finally, StockNews.com cut shares of PotlatchDeltic from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.