PotlatchDeltic (NASDAQ:PCH) Posts Quarterly Earnings Results, Beats Expectations By $0.14 EPS

PotlatchDeltic (NASDAQ:PCH - Get Free Report) announced its quarterly earnings results on Monday. The real estate investment trust reported $0.33 EPS for the quarter, beating the consensus estimate of $0.19 by $0.14, Zacks reports. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%.

PotlatchDeltic Stock Performance

PCH traded up $0.36 during midday trading on Monday, reaching $39.44. The company's stock had a trading volume of 804,741 shares, compared to its average volume of 451,215. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. The company has a fifty day simple moving average of $43.14 and a 200 day simple moving average of $42.55. The stock has a market cap of $3.11 billion, a P/E ratio of 140.86 and a beta of 1.12. PotlatchDeltic has a twelve month low of $36.82 and a twelve month high of $48.12.

PotlatchDeltic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.80 annualized dividend and a dividend yield of 4.56%. PotlatchDeltic's dividend payout ratio is presently 642.86%.

Insider Activity

In other news, CFO Wayne Wasechek sold 1,293 shares of PotlatchDeltic stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $44.82, for a total transaction of $57,952.26. Following the sale, the chief financial officer now owns 27,701 shares of the company's stock, valued at approximately $1,241,558.82. This trade represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eric J. Cremers sold 14,188 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.76, for a total value of $635,054.88. Following the completion of the transaction, the chief executive officer now owns 281,133 shares of the company's stock, valued at $12,583,513.08. The trade was a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,651 shares of company stock valued at $834,770. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on PCH shares. DA Davidson set a $54.00 target price on shares of PotlatchDeltic in a research report on Wednesday, January 29th. StockNews.com raised shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Truist Financial cut their target price on PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Finally, 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. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $48.43.

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.

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