Q3 2024 Earnings Estimate for PotlatchDeltic Co. Issued By Seaport Res Ptn (NASDAQ:PCH)

PotlatchDeltic Co. (NASDAQ:PCH) – Research analysts at Seaport Res Ptn boosted their Q3 2024 earnings estimates for shares of PotlatchDeltic in a research report issued on Monday, April 15th. Seaport Res Ptn analyst M. Weintraub now anticipates that the real estate investment trust will earn $0.32 per share for the quarter, up from their previous forecast 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.

A number of other equities research analysts have also recently issued reports on the stock. 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. Truist Financial decreased their price target on PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Wednesday, January 31st. Four analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $51.33.

PotlatchDeltic Price Performance

Shares of NASDAQ PCH opened at $41.17 on Wednesday. The firm has a market cap of $3.27 billion, a P/E ratio of 53.47 and a beta of 1.15. The business’s 50 day moving average is $45.19 and its 200-day moving average is $45.86. The company has a current ratio of 1.44, a quick ratio of 1.14 and a debt-to-equity ratio of 0.40. PotlatchDeltic has a 1-year low of $41.10 and a 1-year high of $54.44.

PotlatchDeltic Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.80 annualized dividend and a yield of 4.37%. PotlatchDeltic’s dividend payout ratio is presently 233.77%.

Insider Transactions at PotlatchDeltic

In other PotlatchDeltic news, VP Michele Tyler sold 3,968 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $45.14, for a total transaction of $179,115.52. Following the completion of the sale, the vice president now owns 31,864 shares of the company’s stock, valued at approximately $1,438,340.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other PotlatchDeltic news, CEO Eric J. Cremers sold 17,591 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $45.13, for a total value of $793,881.83. Following the completion of the sale, the chief executive officer now directly owns 241,111 shares in the company, valued at $10,881,339.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michele Tyler sold 3,968 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $45.14, for a total transaction of $179,115.52. Following the transaction, the vice president now directly owns 31,864 shares in the company, valued at approximately $1,438,340.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,124 shares of company stock worth $1,043,626. Company insiders own 1.00% of the company’s stock.

Institutional Trading of PotlatchDeltic

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of PotlatchDeltic by 14.5% during the third quarter. Vanguard Group Inc. now owns 11,820,414 shares of the real estate investment trust’s stock valued at $485,110,000 after acquiring an additional 1,497,553 shares in the last quarter. BlackRock Inc. increased its stake in PotlatchDeltic by 3.0% during the 1st quarter. BlackRock Inc. now owns 8,962,038 shares of the real estate investment trust’s stock valued at $472,566,000 after purchasing an additional 258,490 shares in the last quarter. Norges Bank acquired a new position in PotlatchDeltic during the fourth quarter worth $150,557,000. State Street Corp increased its position in shares of PotlatchDeltic by 3.3% during the first quarter. State Street Corp now owns 2,740,617 shares of the real estate investment trust’s stock worth $135,656,000 after acquiring an additional 87,408 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of PotlatchDeltic by 20.9% in the 1st quarter. Geode Capital Management LLC now owns 2,093,061 shares of the real estate investment trust’s stock worth $103,606,000 after acquiring an additional 361,983 shares during the last quarter. 86.06% of the stock is owned by institutional investors.

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.