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

PotlatchDeltic Co. (NASDAQ:PCH) – Equities researchers at Seaport Res Ptn issued their Q1 2024 earnings per share estimates for PotlatchDeltic in a research note issued on Monday, April 15th. Seaport Res Ptn analyst M. Weintraub forecasts that the real estate investment trust will post earnings of ($0.05) per share 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.

A number of other equities research analysts have also issued reports on PCH. Truist Financial cut their target price 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 reaffirmed a “sector perform” rating and set 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, According to data from MarketBeat, PotlatchDeltic presently has an average rating of “Hold” and an average price target of $51.33.

PotlatchDeltic Stock Down 2.9 %

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

PotlatchDeltic Dividend Announcement

The firm also recently declared 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. This represents a $1.80 annualized dividend and a yield of 4.37%. The ex-dividend date was Thursday, March 7th. PotlatchDeltic’s payout ratio is 233.77%.

Insider Activity at PotlatchDeltic

In related news, VP Michele Tyler sold 3,968 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $1,438,340.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other PotlatchDeltic news, CEO Eric J. Cremers sold 17,591 shares of the company’s 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 transaction, the chief executive officer now directly owns 241,111 shares of the company’s stock, valued at approximately $10,881,339.43. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Michele Tyler sold 3,968 shares of the company’s 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 completion of the transaction, the vice president now directly owns 31,864 shares in the company, valued at $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 valued at $1,043,626. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PCH. Manchester Capital Management LLC boosted its stake in shares of PotlatchDeltic by 2,132.0% during the 3rd quarter. Manchester Capital Management LLC now owns 558 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 533 shares in the last quarter. Millburn Ridgefield Corp bought a new stake in shares of PotlatchDeltic during the 3rd quarter worth about $28,000. Steward Partners Investment Advisory LLC boosted its stake in shares of PotlatchDeltic by 490.2% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 903 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 750 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of PotlatchDeltic by 43.8% during the 3rd quarter. Fifth Third Bancorp now owns 1,002 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 305 shares in the last quarter. Finally, KBC Group NV bought a new stake in shares of PotlatchDeltic during the 4th quarter worth about $57,000. 86.06% of the stock is owned by institutional investors and hedge funds.

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.