PotlatchDeltic (NASDAQ:PCH – Get Free Report) issued its quarterly earnings data on Monday. The real estate investment trust reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17, Briefing.com reports. The business had revenue of $320.70 million for the quarter, compared to analysts’ expectations of $305.01 million. PotlatchDeltic had a return on equity of 1.14% and a net margin of 3.45%. The business’s revenue was up 30.3% on a year-over-year basis. During the same period last year, the business earned $0.06 EPS.
PotlatchDeltic Stock Performance
PCH traded down $0.99 during mid-day trading on Thursday, reaching $43.37. 104,742 shares of the company traded hands, compared to its average volume of 428,087. The company’s fifty day moving average price is $40.89 and its 200-day moving average price is $43.30. The stock has a market capitalization of $3.45 billion, a P/E ratio of 75.98, a P/E/G ratio of 10.31 and a beta of 1.12. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. PotlatchDeltic has a 52-week low of $37.06 and a 52-week high of $52.13.
PotlatchDeltic Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were given a dividend of $0.45 per share. The ex-dividend date was Friday, June 7th. This represents a $1.80 dividend on an annualized basis and a yield of 4.15%. PotlatchDeltic’s dividend payout ratio (DPR) is 315.80%.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on PotlatchDeltic
Insider Buying and Selling
In other PotlatchDeltic news, VP Ashlee Townsend Cribb sold 4,114 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $43.11, for a total transaction of $177,354.54. Following the completion of the sale, the vice president now directly owns 29,039 shares of the company’s stock, valued at $1,251,871.29. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.00% of the stock is currently owned by corporate insiders.
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.
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