Equities Analysts Offer Predictions for PotlatchDeltic Co.’s Q3 2024 Earnings (NASDAQ:PCH)

PotlatchDeltic Co. (NASDAQ:PCH) – Equities research analysts at Seaport Res Ptn increased their Q3 2024 earnings per share (EPS) estimates for shares of PotlatchDeltic in a research note issued to investors on Monday, April 15th. Seaport Res Ptn analyst M. Weintraub now anticipates that the real estate investment trust will post earnings of $0.32 per share for the quarter, up from their prior estimate 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.

PCH has been the topic of a number of other reports. Truist Financial cut their price objective on shares of PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Wednesday, January 31st. Royal Bank of Canada restated a “sector perform” rating and set a $48.00 price target on shares of PotlatchDeltic in a report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $51.33.

PotlatchDeltic Stock Down 2.9 %

Shares of NASDAQ:PCH opened at $41.17 on Wednesday. The business’s 50 day moving average is $45.19 and its 200 day moving average is $45.86. PotlatchDeltic has a 12-month low of $41.10 and a 12-month high of $54.44. The stock has a market cap 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.

Institutional Investors Weigh In On PotlatchDeltic

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Radnor Capital Management LLC bought a new position in PotlatchDeltic in the first quarter valued at $404,000. BTC Capital Management Inc. bought a new position in shares of PotlatchDeltic during the first quarter valued at about $277,000. Congress Asset Management Co. MA increased its holdings in shares of PotlatchDeltic by 0.3% in the fourth quarter. Congress Asset Management Co. MA now owns 162,366 shares of the real estate investment trust’s stock worth $7,972,000 after buying an additional 502 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of PotlatchDeltic by 3.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 226,287 shares of the real estate investment trust’s stock valued at $11,111,000 after acquiring an additional 8,178 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in PotlatchDeltic by 10.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 85,773 shares of the real estate investment trust’s stock valued at $4,211,000 after acquiring an additional 8,142 shares during the period. Hedge funds and other institutional investors own 86.06% of the company’s stock.

Insider Activity at PotlatchDeltic

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

PotlatchDeltic Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.37%. PotlatchDeltic’s dividend payout ratio (DPR) is presently 233.77%.

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.