PotlatchDeltic Co. (NASDAQ:PCH) Declares $0.45 Quarterly Dividend

PotlatchDeltic Co. (NASDAQ:PCH) announced a quarterly dividend on Friday, February 7th,RTT News reports. Shareholders of record on Friday, March 7th will be paid a dividend of 0.45 per share by the real estate investment trust on Monday, March 31st. This represents a $1.80 dividend on an annualized basis and a yield of 3.99%.

PotlatchDeltic has raised its dividend by an average of 63.7% annually over the last three years. PotlatchDeltic has a payout ratio of 155.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect PotlatchDeltic to earn $1.20 per share next year, which means the company may not be able to cover its $1.80 annual dividend with an expected future payout ratio of 150.0%.

PotlatchDeltic Stock Performance

Shares of NASDAQ:PCH opened at $45.11 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $41.64 and a 200-day moving average price of $42.55. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 161.11 and a beta of 1.17. PotlatchDeltic has a 12 month low of $37.06 and a 12 month high of $47.65.

PotlatchDeltic (NASDAQ:PCH) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.10. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. As a group, equities analysts anticipate that PotlatchDeltic will post 0.8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PCH shares. BMO Capital Markets raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a research report on Friday, December 6th. Citigroup reduced their price target on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Royal Bank of Canada reiterated an “outperform” rating and set a $50.00 target price on shares of PotlatchDeltic in a report on Wednesday, October 30th. Finally, Truist Financial lowered their target price on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $48.57.

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.