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

PotlatchDeltic Co. (NASDAQ:PCH) – Equities research analysts at Seaport Res Ptn issued their Q1 2024 EPS estimates for shares of PotlatchDeltic in a report issued on Monday, April 15th. Seaport Res Ptn analyst M. Weintraub expects 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.

PCH has been the topic of several other research reports. Truist Financial reduced their target price 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 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 analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $51.33.

PotlatchDeltic Stock Down 1.0 %

PCH stock opened at $40.75 on Thursday. The stock has a market capitalization of $3.24 billion, a P/E ratio of 52.92 and a beta of 1.15. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.14 and a current ratio of 1.44. PotlatchDeltic has a one year low of $40.65 and a one year high of $54.44. The company has a 50 day moving average price of $45.12 and a two-hundred day moving average price of $45.82.

Hedge Funds Weigh In On PotlatchDeltic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of PotlatchDeltic in the fourth quarter worth about $150,557,000. Vanguard Group Inc. raised its stake 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 worth $485,110,000 after buying an additional 1,497,553 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of PotlatchDeltic by 674.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,166,421 shares of the real estate investment trust’s stock worth $57,739,000 after buying an additional 1,015,905 shares during the last quarter. State Street Corp raised its stake in shares of PotlatchDeltic by 19.3% during the third quarter. State Street Corp now owns 2,607,726 shares of the real estate investment trust’s stock worth $107,021,000 after buying an additional 421,565 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of PotlatchDeltic by 20.9% during the first quarter. Geode Capital Management LLC now owns 2,093,061 shares of the real estate investment trust’s stock worth $103,606,000 after buying an additional 361,983 shares during the last quarter. 86.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at PotlatchDeltic

In other PotlatchDeltic news, CEO Eric J. Cremers sold 17,591 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 241,111 shares in the company, valued at approximately $10,881,339.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO Wayne Wasechek sold 1,565 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $45.13, for a total transaction of $70,628.45. Following the transaction, the chief financial officer now owns 21,247 shares in the company, valued at approximately $958,877.11. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Eric J. Cremers sold 17,591 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $45.13, for a total transaction of $793,881.83. Following the completion of the sale, the chief executive officer now directly owns 241,111 shares of the company’s stock, valued at $10,881,339.43. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,124 shares of company stock worth $1,043,626. 2.00% of the stock is owned by corporate insiders.

PotlatchDeltic Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were given a $0.45 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.80 annualized dividend and a dividend yield of 4.42%. PotlatchDeltic’s dividend payout ratio (DPR) is presently 233.77%.

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.