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

PotlatchDeltic Co. (NASDAQ:PCH) – Seaport Res Ptn upped their Q3 2024 earnings per share estimates for shares of PotlatchDeltic in a report issued 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 prior 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.

Other equities research analysts have also recently issued research reports about the company. Truist Financial dropped their price objective on PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating for the company in a report on Wednesday, January 31st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $48.00 price objective on shares of PotlatchDeltic in a report on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $51.33.

PotlatchDeltic Price Performance

PCH opened at $40.75 on Wednesday. The stock has a 50-day moving average price of $45.12 and a 200-day moving average price of $45.82. PotlatchDeltic has a 12-month low of $40.65 and a 12-month high of $54.44. The company has a current ratio of 1.44, a quick ratio of 1.14 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $3.24 billion, a P/E ratio of 52.92 and a beta of 1.15.

PotlatchDeltic Announces Dividend

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

Insider Transactions at PotlatchDeltic

In related news, VP Michele Tyler sold 3,968 shares of PotlatchDeltic 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 in the company, valued at $1,438,340.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other PotlatchDeltic 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 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 SEC, which is available through this hyperlink. Also, CFO Wayne Wasechek sold 1,565 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.13, for a total value of $70,628.45. Following the sale, the chief financial officer now directly owns 21,247 shares in the company, valued at $958,877.11. The disclosure for this sale can be found here. Insiders have sold a total of 23,124 shares of company stock worth $1,043,626 in the last ninety days. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On PotlatchDeltic

Several large investors have recently made changes to their positions in the company. Manchester Capital Management LLC increased its stake in PotlatchDeltic by 2,132.0% during the third 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 during the last quarter. Millburn Ridgefield Corp bought a new stake in PotlatchDeltic during the third quarter worth approximately $28,000. Fifth Third Bancorp increased its stake in PotlatchDeltic by 43.8% during the third 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 during the last quarter. Steward Partners Investment Advisory LLC increased its stake in PotlatchDeltic by 490.2% during the first 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 during the last quarter. Finally, CENTRAL TRUST Co increased its stake in PotlatchDeltic by 46.7% during the third quarter. CENTRAL TRUST Co now owns 1,281 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 408 shares during the last quarter. 86.06% of the stock is owned by institutional investors.

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.