PotlatchDeltic (PCH) Stock Price, News & Analysis

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PotlatchDeltic in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PCH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PCH, but not buy additional shares or sell existing shares.
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3 Wall Street analysts have issued 12-month price objectives for PotlatchDeltic's stock. Their PCH share price targets range from $46.00 to $57.00. On average, they predict the company's share price to reach $50.67 in the next year. This suggests a possible upside of 15.1% from the stock's current price.
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PotlatchDeltic's stock was trading at $49.10 at the start of the year. Since then, PCH shares have decreased by 10.3% and is now trading at $44.03.
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The company is scheduled to release its next quarterly earnings announcement on Monday, July 29th 2024.
View our PCH earnings forecast.

PotlatchDeltic Co. (NASDAQ:PCH) announced its quarterly earnings data on Tuesday, October, 31st. The real estate investment trust reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by $0.08. The real estate investment trust had revenue of $265.50 million for the quarter, compared to the consensus estimate of $264.92 million. PotlatchDeltic had a net margin of 4.58% and a trailing twelve-month return on equity of 0.74%. PotlatchDeltic's quarterly revenue was down 13.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.74 earnings per share.

PotlatchDeltic announced a quarterly dividend on Thursday, May 9th. Investors of record on Friday, June 7th will be given a dividend of $0.45 per share on Friday, June 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend is Friday, June 7th.
Read our dividend analysis for PCH.

PotlatchDeltic (NASDAQ:PCH) pays an annual dividend of $1.80 per share and currently has a dividend yield of 4.17%. PCH has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 315.80%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PCH will have a dividend payout ratio of 216.87% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PCH.

ETFs with the largest weight of PotlatchDeltic (NASDAQ:PCH) stock in their portfolio include Invesco Active U.S. Real Estate ETF (PSR), iShares Global Timber & Forestry ETF (WOOD), Leatherback Long/Short Alternative Yield ETF (LBAY), Amplify Inflation Fighter ETF (IWIN), SP Funds S&P Global REIT Sharia ETF (SPRE), Invesco MSCI Global Timber ETF (CUT), Invesco Real Assets ESG ETF (IVRA) and First Trust Horizon Managed Volatility Small/Mid ETF (HSMV).

PotlatchDeltic declared that its Board of Directors has approved a stock repurchase program on Wednesday, August 31st 2022, which allows the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 6.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its shares are undervalued.

2 employees have rated PotlatchDeltic Chief Executive Officer Michael J. Covey on Glassdoor.com. Michael J. Covey has an approval rating of 100% among the company's employees. This puts Michael J. Covey in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other PotlatchDeltic investors own include B&G Foods (BGS), Weyerhaeuser (WY), Energy Transfer (ET), Advanced Micro Devices (AMD), D.R. Horton (DHI), Ford Motor (F), Broadcom (AVGO), Brookfield Renewable Partners (BEP), Cognex (CGNX) and Procter & Gamble (PG).

PotlatchDeltic's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (14.76%), Heartland Advisors Inc. (0.66%), Russell Investments Group Ltd. (0.57%), Clearbridge Investments LLC (0.45%), Principal Financial Group Inc. (0.38%) and Retirement Systems of Alabama (0.31%). Insiders that own company stock include Eric J Cremers, Jerald W Richards, Michael J Covey, Michele Tyler, Wayne Wasechek and William R Dereu.
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Shares of PCH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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