Seaport Res Ptn Predicts PotlatchDeltic FY2024 Earnings

PotlatchDeltic Co. (NASDAQ:PCH) – Analysts at Seaport Res Ptn issued their FY2024 earnings per share (EPS) estimates for shares of PotlatchDeltic in a research report issued to clients and investors on Wednesday, October 30th. Seaport Res Ptn analyst M. Weintraub expects that the real estate investment trust will post earnings per share of $0.22 for the year. The consensus estimate for PotlatchDeltic’s current full-year earnings is $0.05 per share. Seaport Res Ptn also issued estimates for PotlatchDeltic’s Q4 2024 earnings at $0.01 EPS and FY2025 earnings at $1.00 EPS.

PotlatchDeltic (NASDAQ:PCH) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.08. The company had revenue of $255.10 million for the quarter, compared to analysts’ expectations of $241.35 million. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 earnings per share.

Several other equities research analysts have also recently weighed in on PCH. Royal Bank of Canada reiterated an “outperform” rating and set a $50.00 price objective on shares of PotlatchDeltic in a research report on Wednesday, October 30th. Bank of America raised PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Thursday, September 12th. Truist Financial raised their target price on PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Finally, StockNews.com lowered PotlatchDeltic from a “hold” rating to a “sell” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, PotlatchDeltic has an average rating of “Hold” and a consensus price target of $48.67.

PotlatchDeltic Trading Up 1.5 %

PCH opened at $42.45 on Monday. The company’s 50 day moving average price is $43.56 and its two-hundred day moving average price is $42.21. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 202.14 and a beta of 1.14. PotlatchDeltic has a fifty-two week low of $37.06 and a fifty-two week high of $50.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 1.00.

PotlatchDeltic Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.80 annualized dividend and a dividend yield of 4.24%. PotlatchDeltic’s dividend payout ratio is currently 857.14%.

Institutional Trading of PotlatchDeltic

Hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp increased its stake in shares of PotlatchDeltic by 3.3% during the 2nd quarter. Mackenzie Financial Corp now owns 9,050 shares of the real estate investment trust’s stock worth $356,000 after purchasing an additional 286 shares during the last quarter. Arizona State Retirement System raised its stake in shares of PotlatchDeltic by 2.0% in the second quarter. Arizona State Retirement System now owns 22,256 shares of the real estate investment trust’s stock valued at $877,000 after buying an additional 445 shares during the period. State of Michigan Retirement System lifted its position in shares of PotlatchDeltic by 2.6% during the 1st quarter. State of Michigan Retirement System now owns 19,531 shares of the real estate investment trust’s stock valued at $918,000 after buying an additional 500 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of PotlatchDeltic by 370.7% during the 1st quarter. Bessemer Group Inc. now owns 706 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 556 shares during the period. Finally, Azzad Asset Management Inc. ADV increased its holdings in PotlatchDeltic by 3.6% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 16,456 shares of the real estate investment trust’s stock worth $741,000 after acquiring an additional 570 shares during the last quarter. 86.06% of the stock is currently owned by institutional investors.

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.