PotlatchDeltic Co. (PCH) to Issue Quarterly Dividend of $0.45 on March 29th

PotlatchDeltic Co. (NASDAQ:PCHGet Free Report) announced a quarterly dividend on Friday, February 9th, RTT News reports. Investors of record on Friday, March 8th will be paid a dividend of 0.45 per share by the real estate investment trust on Friday, March 29th. This represents a $1.80 annualized dividend and a yield of 4.02%.

PotlatchDeltic has raised its dividend payment by an average of 3.8% per year over the last three years. PotlatchDeltic has a payout ratio of 180.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect PotlatchDeltic to earn $0.88 per share next year, which means the company may not be able to cover its $1.80 annual dividend with an expected future payout ratio of 204.5%.

PotlatchDeltic Stock Up 0.2 %

Shares of PotlatchDeltic stock opened at $44.76 on Friday. The company has a 50-day simple moving average of $47.05 and a two-hundred day simple moving average of $46.81. PotlatchDeltic has a 52-week low of $41.31 and a 52-week high of $54.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.14 and a current ratio of 1.44. The stock has a market capitalization of $3.58 billion, a PE ratio of 58.13 and a beta of 1.16.

Institutional Investors Weigh In On PotlatchDeltic

A number of institutional investors have recently added to or reduced their stakes in PCH. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of PotlatchDeltic by 13.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,311 shares of the real estate investment trust’s stock valued at $1,335,000 after purchasing an additional 3,064 shares during the last quarter. BlackRock Inc. lifted its position in shares of PotlatchDeltic by 3.0% in the first quarter. BlackRock Inc. now owns 8,962,038 shares of the real estate investment trust’s stock worth $472,566,000 after buying an additional 258,490 shares in the last quarter. APG Asset Management N.V. boosted its stake in PotlatchDeltic by 99.4% during the first quarter. APG Asset Management N.V. now owns 32,500 shares of the real estate investment trust’s stock valued at $1,540,000 after buying an additional 16,200 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in PotlatchDeltic by 11.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 39,159 shares of the real estate investment trust’s stock valued at $2,120,000 after buying an additional 4,003 shares in the last quarter. Finally, Yousif Capital Management LLC increased its stake in PotlatchDeltic by 7.3% in the 1st quarter. Yousif Capital Management LLC now owns 37,230 shares of the real estate investment trust’s stock worth $1,963,000 after acquiring an additional 2,546 shares during the last quarter. 85.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Raymond James lowered shares of PotlatchDeltic from a “strong-buy” rating to a “market perform” rating in a research note on Monday, November 27th. TheStreet lowered shares of PotlatchDeltic from a “b-” rating to a “c” rating in a research note on Monday, October 30th. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Truist Financial reduced their price objective on PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Wednesday, January 31st. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued 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 and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $51.33.

Read Our Latest Stock Report on PCH

About PotlatchDeltic

(Get Free Report)

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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Dividend History for PotlatchDeltic (NASDAQ:PCH)

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