PotlatchDeltic (PCH) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PotlatchDeltic in the last twelve months. There are currently 2 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PCH shares.
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6 brokers have issued 1 year price targets for PotlatchDeltic's shares. Their PCH share price forecasts range from $47.00 to $65.00. On average, they expect the company's share price to reach $55.40 in the next twelve months. This suggests a possible upside of 18.4% from the stock's current price.
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PotlatchDeltic's stock was trading at $43.99 at the beginning of 2023. Since then, PCH shares have increased by 6.4% and is now trading at $46.80.
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The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our PCH earnings forecast.

PotlatchDeltic Co. (NASDAQ:PCH) released its earnings results on Monday, April, 24th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.11. The real estate investment trust had revenue of $258 million for the quarter, compared to the consensus estimate of $243.34 million. PotlatchDeltic had a net margin of 15.82% and a trailing twelve-month return on equity of 8.87%. The firm's revenue was down 37.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.50 earnings per share.

PotlatchDeltic announced a quarterly dividend on Thursday, May 4th. Stockholders of record on Friday, June 2nd will be paid a dividend of $0.45 per share on Friday, June 30th. This represents a $1.80 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Thursday, June 1st.
Read our dividend analysis for PCH.

ETFs with the largest weight of PotlatchDeltic (NASDAQ:PCH) stock in their portfolio include iShares Global Timber & Forestry ETF (WOOD), Leatherback Long/Short Alternative Yield ETF (LBAY), Amplify Inflation Fighter ETF (IWIN), Invesco MSCI Global Timber ETF (CUT), Invesco DWA Basic Materials Momentum ETF (PYZ), SP Funds S&P Global REIT Sharia ETF (SPRE), Invesco S&P MidCap Value with Momentum ETF (XMVM) and Invesco Active U.S. Real Estate ETF (PSR).

PotlatchDeltic (NASDAQ:PCH) pays an annual dividend of $1.80 per share and currently has a dividend yield of 3.85%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 68.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, PCH will have a dividend payout ratio of 137.40% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PCH.

PotlatchDeltic announced that its board has authorized a stock buyback plan on Wednesday, August 31st 2022, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 6.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

2 employees have rated PotlatchDeltic Chief Executive Officer Michael J. Covey on Glassdoor.com. Michael J. Covey has an approval rating of 100% among the company's employees. This puts Michael J. Covey in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other PotlatchDeltic investors own include B&G Foods (BGS), Weyerhaeuser (WY), Energy Transfer (ET), Advanced Micro Devices (AMD), D.R. Horton (DHI), Ford Motor (F), Broadcom (AVGO), Brookfield Renewable Partners (BEP), Cognex (CGNX) and Procter & Gamble (PG).

PotlatchDeltic trades on the NASDAQ under the ticker symbol "PCH."

PotlatchDeltic's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (12.63%), Wellington Management Group LLP (5.43%), Pictet Asset Management SA (4.62%), State Street Corp (3.43%), Geode Capital Management LLC (2.62%) and Silvercrest Asset Management Group LLC (1.76%). Insiders that own company stock include Darin Robert Ball, Eric J Cremers, Eric J Cremers, Jerald W Richards, Jerald W Richards, Michael J Covey, Michael J Covey, Michele Tyler, Wayne Wasechek, William Lindeke Driscoll and William R Dereu.
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Shares of PCH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PCH stock can currently be purchased for approximately $46.80.

PotlatchDeltic (NASDAQ:PCH) has a market capitalization of $3.74 billion and generates $1.33 billion in revenue each year. The real estate investment trust earns $333.90 million in net income (profit) each year or $2.61 on an earnings per share basis.

The company employs 1,330 workers across the globe.

PotlatchDeltic's mailing address is 601 WEST FIRST AVENUE SUITE 1600, SPOKANE WA, 99201. The official website for the company is www.potlatchcorp.com. The real estate investment trust can be reached via phone at (509) 835-1500, via email at investor@potlatchdeltic.com, or via fax at 509-835-1555.