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

PotlatchDeltic Co. (NASDAQ:PCH) announced a quarterly dividend on Friday, February 7th,RTT News reports. Investors of record on Friday, March 7th will be given a dividend of 0.45 per share by the real estate investment trust on Monday, March 31st. This represents a $1.80 annualized dividend and a yield of 4.00%.

PotlatchDeltic has increased its dividend payment by an average of 63.7% per year over the last three years. PotlatchDeltic has a dividend payout ratio of 155.2% indicating that 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 $0.90 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 200.0%.

PotlatchDeltic Price Performance

PCH stock traded down $0.20 during trading on Friday, hitting $45.00. The stock had a trading volume of 172,394 shares, compared to its average volume of 440,401. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08. PotlatchDeltic has a twelve month low of $37.06 and a twelve month high of $47.65. The stock has a market capitalization of $3.54 billion, a P/E ratio of 160.66 and a beta of 1.17. The company’s 50-day moving average price is $41.63 and its two-hundred day moving average price is $42.53.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share (EPS) 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, research analysts predict that PotlatchDeltic will post 0.8 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Raymond James raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research note on Monday, December 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a $50.00 target price on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Citigroup decreased their target price on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Finally, Truist Financial decreased their target price on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Two 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 stock has an average rating of “Moderate Buy” and a consensus target price of $48.57.

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.