PotlatchDeltic (NASDAQ:PCH) Issues Quarterly Earnings Results

PotlatchDeltic (NASDAQ:PCH - Get Free Report) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.13, Zacks reports. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. The business had revenue of $268.26 million for the quarter, compared to analyst estimates of $243.68 million. The firm's quarterly revenue was up 17.6% compared to the same quarter last year.

PotlatchDeltic Stock Up 1.8 %

NASDAQ PCH traded up $0.69 on Friday, reaching $38.86. The company had a trading volume of 658,612 shares, compared to its average volume of 456,852. 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 firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 138.79 and a beta of 1.12. The company's fifty day moving average is $42.49 and its 200-day moving average is $42.40. PotlatchDeltic has a 1-year low of $36.82 and a 1-year high of $48.12.

PotlatchDeltic Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend was Friday, March 7th. PotlatchDeltic's payout ratio is currently 295.08%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PCH. StockNews.com upgraded PotlatchDeltic from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. DA Davidson set a $54.00 target price on PotlatchDeltic in a report on Wednesday, January 29th. Citigroup lowered 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. Finally, Truist Financial reduced their price objective on shares of PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $48.43.

Insider Buying and Selling

In other PotlatchDeltic news, CFO Wayne Wasechek sold 1,293 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.82, for a total value of $57,952.26. Following the completion of the sale, the chief financial officer now owns 27,701 shares in the company, valued at $1,241,558.82. This trade represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Michele Tyler sold 3,170 shares of the business's stock in a transaction dated Monday, February 10th. The stock was 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 in the company, valued at $1,764,025.12. This represents a 7.44 % 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 worth $834,770. 1.00% of the stock is owned by corporate insiders.

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.