Q3 2024 EPS Estimates for PotlatchDeltic Co. Increased by Analyst (NASDAQ:PCH)

PotlatchDeltic Co. (NASDAQ:PCH - Free Report) - Analysts at Seaport Res Ptn raised their Q3 2024 earnings estimates for PotlatchDeltic in a research report issued on Monday, April 15th. Seaport Res Ptn analyst M. Weintraub now expects that the real estate investment trust will post earnings per share of $0.32 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.

A number of other equities analysts have also commented on PCH. Truist Financial dropped 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 reaffirmed a "sector perform" rating and set a $48.00 target price on shares of PotlatchDeltic in a research report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating, According to MarketBeat, PotlatchDeltic currently has a consensus rating of "Hold" and an average target price of $51.33.

PotlatchDeltic Stock Performance

Shares of NASDAQ:PCH traded down $1.25 during trading on Wednesday, reaching $41.17. The stock had a trading volume of 491,094 shares, compared to its average volume of 420,466. PotlatchDeltic has a 52 week low of $41.10 and a 52 week high of $54.44. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 53.47 and a beta of 1.15. The company has a quick ratio of 1.14, a current ratio of 1.44 and a debt-to-equity ratio of 0.40. The stock has a fifty day simple moving average of $45.19 and a two-hundred day simple moving average of $45.86.

Institutional Investors Weigh In On PotlatchDeltic

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of PotlatchDeltic by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 18,464 shares of the real estate investment trust's stock valued at $976,000 after purchasing an additional 214 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in PotlatchDeltic by 0.5% during 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 buying an additional 220 shares in the last quarter. Glenmede Trust Co. NA lifted its position in PotlatchDeltic by 5.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 5,356 shares of the real estate investment trust's stock worth $219,000 after buying an additional 265 shares in the last quarter. Windward Capital Management Co. CA lifted its position in PotlatchDeltic by 0.4% during 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 buying an additional 269 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in PotlatchDeltic by 43.8% during the 3rd quarter. Fifth Third Bancorp now owns 1,002 shares of the real estate investment trust's stock worth $45,000 after buying an additional 305 shares in the last quarter. Institutional investors and hedge funds own 86.06% of the company's stock.

Insider Buying and Selling at PotlatchDeltic

In other PotlatchDeltic news, CEO Eric J. Cremers sold 17,591 shares of the business's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $45.13, for a total value of $793,881.83. Following the sale, the chief executive officer now owns 241,111 shares of the company's stock, valued at approximately $10,881,339.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other PotlatchDeltic news, VP Michele Tyler sold 3,968 shares of the business's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $45.14, for a total value of $179,115.52. Following the sale, the vice president now owns 31,864 shares of the company's stock, valued at approximately $1,438,340.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric J. Cremers sold 17,591 shares of the business's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $45.13, for a total transaction of $793,881.83. Following the completion of the sale, the chief executive officer now owns 241,111 shares in the company, valued at approximately $10,881,339.43. The disclosure for this sale can be found here. Insiders have sold 23,124 shares of company stock valued at $1,043,626 in the last 90 days. 1.00% of the stock is currently owned by company insiders.

PotlatchDeltic Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend was Thursday, March 7th. PotlatchDeltic's dividend payout ratio (DPR) is presently 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.