Seaport Res Ptn Comments on PotlatchDeltic Co.’s Q1 2024 Earnings (NASDAQ:PCH)

PotlatchDeltic Co. (NASDAQ:PCH) – Investment analysts at Seaport Res Ptn issued their Q1 2024 earnings per share estimates for shares of PotlatchDeltic in a research report issued to clients and investors on Monday, April 15th. Seaport Res Ptn analyst M. Weintraub anticipates that the real estate investment trust will post earnings per share of ($0.05) for the quarter. The consensus estimate for PotlatchDeltic’s current full-year earnings is $0.66 per share. Seaport Res Ptn also issued estimates for PotlatchDeltic’s Q2 2024 earnings at $0.05 EPS.

Several other research analysts have also issued reports on PCH. Truist Financial reduced their price target on PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Wednesday, January 31st. Royal Bank of Canada restated a “sector perform” rating and issued a $48.00 price target on shares of PotlatchDeltic in a research report on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $51.33.

PotlatchDeltic Stock Down 2.9 %

NASDAQ:PCH opened at $41.17 on Thursday. PotlatchDeltic has a 12-month low of $41.10 and a 12-month high of $54.44. The company has a quick ratio of 1.14, a current ratio of 1.44 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $3.27 billion, a P/E ratio of 53.47 and a beta of 1.15. The stock’s fifty day simple moving average is $45.19 and its 200-day simple moving average is $45.86.

Institutional Trading of PotlatchDeltic

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in PotlatchDeltic by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 18,464 shares of the real estate investment trust’s stock worth $976,000 after purchasing an additional 214 shares during the period. Rockefeller Capital Management L.P. grew its holdings in PotlatchDeltic by 0.5% during the first quarter. Rockefeller Capital Management L.P. now owns 42,770 shares of the real estate investment trust’s stock worth $2,117,000 after purchasing an additional 220 shares during the period. Glenmede Trust Co. NA grew its holdings in PotlatchDeltic by 5.2% during the third quarter. Glenmede Trust Co. NA now owns 5,356 shares of the real estate investment trust’s stock worth $219,000 after purchasing an additional 265 shares during the period. Windward Capital Management Co. CA grew its holdings in PotlatchDeltic by 0.4% during the fourth quarter. Windward Capital Management Co. CA now owns 72,976 shares of the real estate investment trust’s stock worth $3,583,000 after purchasing an additional 269 shares during the period. Finally, Fifth Third Bancorp grew its holdings in PotlatchDeltic by 43.8% during the third quarter. Fifth Third Bancorp now owns 1,002 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 305 shares during the period. Institutional investors and hedge funds own 86.06% of the company’s stock.

Insiders Place Their Bets

In other PotlatchDeltic news, VP Michele Tyler sold 3,968 shares of PotlatchDeltic stock in a transaction dated Monday, February 12th. The stock was 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 of the company’s stock, valued at approximately $1,438,340.96. The transaction was disclosed in a document filed 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 PotlatchDeltic 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 sale, the chief executive officer now owns 241,111 shares of the company’s stock, valued at approximately $10,881,339.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, 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 ninety days, insiders have sold 23,124 shares of company stock worth $1,043,626. Corporate insiders own 2.00% of the company’s stock.

PotlatchDeltic Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a dividend of $0.45 per share. The ex-dividend date 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%.

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.