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

PotlatchDeltic Co. (NASDAQ:PCH) – Equities researchers at Seaport Res Ptn raised their Q3 2024 earnings estimates for shares of PotlatchDeltic in a research report issued to clients and investors 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 $0.66 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.

Several other brokerages have also recently weighed in on PCH. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $48.00 price objective on shares of PotlatchDeltic in a research note 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 report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $51.33.

PotlatchDeltic Trading Down 1.0 %

Shares of PotlatchDeltic stock opened at $40.75 on Wednesday. The firm has a market capitalization of $3.24 billion, a PE ratio of 52.92 and a beta of 1.15. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.44 and a quick ratio of 1.14. The company’s fifty day moving average price is $45.12 and its two-hundred day moving average price is $45.82. PotlatchDeltic has a 52-week low of $40.65 and a 52-week high of $54.44.

Institutional Investors Weigh In On PotlatchDeltic

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

Insider Buying and Selling at PotlatchDeltic

In other news, VP Michele Tyler sold 3,968 shares of the firm’s 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 sale, the vice president now 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 SEC, which is available at the SEC website. In other news, VP Michele Tyler sold 3,968 shares of the firm’s 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 sale, the vice president now 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 SEC, which is available at the SEC website. Also, CEO Eric J. Cremers sold 17,591 shares of the firm’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 sale, the chief executive officer now directly owns 241,111 shares in the company, valued at approximately $10,881,339.43. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,124 shares of company stock valued at $1,043,626. 2.00% of the stock is currently owned by company insiders.

PotlatchDeltic Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend was Thursday, March 7th. PotlatchDeltic’s payout ratio is 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.