Potlatchdeltic (NASDAQ:PCH) announced its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04, Briefing.com reports. Potlatchdeltic had a return on equity of 8.66% and a net margin of 12.01%. The company had revenue of $181.72 million for the quarter, compared to analyst estimates of $179.89 million. During the same quarter last year, the firm earned $0.69 EPS. Potlatchdeltic’s revenue for the quarter was down 9.1% compared to the same quarter last year.
Shares of PCH stock traded down $0.40 on Wednesday, reaching $36.06. 285,500 shares of the stock were exchanged, compared to its average volume of 476,231. The company has a market cap of $2.53 billion, a P/E ratio of 15.82, a PEG ratio of 8.09 and a beta of 1.32. Potlatchdeltic has a one year low of $28.07 and a one year high of $52.65. The company has a quick ratio of 1.19, a current ratio of 1.72 and a debt-to-equity ratio of 0.56.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, June 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.44%. Potlatchdeltic’s payout ratio is currently 70.18%.
Hedge funds have recently added to or reduced their stakes in the company. Penserra Capital Management LLC acquired a new stake in shares of Potlatchdeltic during the first quarter worth $29,000. Advisor Group Inc. grew its stake in shares of Potlatchdeltic by 107.8% during the fourth quarter. Advisor Group Inc. now owns 1,253 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 650 shares during the period. American Research & Management Co. acquired a new stake in shares of Potlatchdeltic during the first quarter worth $57,000. First Interstate Bank grew its stake in shares of Potlatchdeltic by 319.8% during the first quarter. First Interstate Bank now owns 2,166 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 1,650 shares during the period. Finally, Pearl River Capital LLC acquired a new stake in shares of Potlatchdeltic during the first quarter worth $84,000. Institutional investors own 88.91% of the company’s stock.
PCH has been the subject of several analyst reports. ValuEngine upgraded Potlatchdeltic from a “sell” rating to a “hold” rating in a research report on Saturday, February 2nd. BidaskClub upgraded Potlatchdeltic from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 20th. BMO Capital Markets upgraded Potlatchdeltic from a “market perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a research report on Monday, March 11th. Seaport Global Securities initiated coverage on Potlatchdeltic in a research report on Tuesday, April 2nd. They issued a “buy” rating and a $45.00 price objective for the company. Finally, Bank of America upgraded Potlatchdeltic from a “neutral” rating to a “buy” rating and set a $37.88 target price for the company in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Potlatchdeltic presently has a consensus rating of “Hold” and an average price target of $43.48.
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Potlatchdeltic Company Profile
PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a medium density fiberboard plant, a residential and commercial real estate development business and a rural timberland sales program.
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