Q3 2019 EPS Estimates for Potlatchdeltic Corp Lowered by Analyst (PCH)
Potlatchdeltic Corp (NASDAQ:PCH) – Stock analysts at Seaport Global Securities lowered their Q3 2019 earnings per share (EPS) estimates for Potlatchdeltic in a report issued on Thursday, May 30th. Seaport Global Securities analyst M. Weintraub now forecasts that the real estate investment trust will post earnings of $0.58 per share for the quarter, down from their prior estimate of $0.66. Seaport Global Securities currently has a “Buy” rating and a $45.00 target price on the stock. Seaport Global Securities also issued estimates for Potlatchdeltic’s Q4 2019 earnings at $0.10 EPS, Q1 2020 earnings at $0.20 EPS, Q3 2020 earnings at $0.60 EPS and Q4 2020 earnings at $0.24 EPS.
Several other analysts also recently weighed in on the company. Bank of America raised Potlatchdeltic from a “neutral” rating to a “buy” rating and set a $37.88 target price for the company in a report on Friday, April 5th. Vertical Research downgraded Potlatchdeltic from a “buy” rating to a “hold” rating and set a $39.00 price objective for the company. in a research note on Friday, April 12th. BMO Capital Markets raised Potlatchdeltic from a “market perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a research note on Monday, March 11th. BidaskClub downgraded Potlatchdeltic from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th. Finally, Zacks Investment Research downgraded Potlatchdeltic from a “buy” rating to a “strong sell” rating in a research note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $43.48.
Potlatchdeltic (NASDAQ:PCH) last posted its earnings results on Monday, April 29th. The real estate investment trust reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. Potlatchdeltic had a return on equity of 8.66% and a net margin of 12.01%. The business had revenue of $181.72 million during the quarter, compared to the consensus estimate of $179.89 million. During the same period in the previous year, the business earned $0.69 EPS. The business’s quarterly revenue was down 9.1% on a year-over-year basis.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wealthcare Advisory Partners LLC raised its stake in Potlatchdeltic by 6.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 4,818 shares of the real estate investment trust’s stock valued at $182,000 after acquiring an additional 272 shares during the last quarter. Laurel Wealth Advisors Inc. raised its stake in shares of Potlatchdeltic by 1.4% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 23,248 shares of the real estate investment trust’s stock worth $879,000 after buying an additional 320 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Potlatchdeltic by 10.3% during the 4th quarter. LS Investment Advisors LLC now owns 3,729 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 348 shares in the last quarter. Forsta AP Fonden raised its stake in shares of Potlatchdeltic by 6.8% during the 4th quarter. Forsta AP Fonden now owns 6,085 shares of the real estate investment trust’s stock worth $193,000 after buying an additional 385 shares in the last quarter. Finally, Neuburgh Advisers LLC raised its stake in shares of Potlatchdeltic by 6.5% during the 4th quarter. Neuburgh Advisers LLC now owns 7,172 shares of the real estate investment trust’s stock worth $227,000 after buying an additional 440 shares in the last quarter. 87.68% of the stock is owned by hedge funds and other institutional investors.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.75%. The ex-dividend date is Thursday, June 6th. Potlatchdeltic’s dividend payout ratio is presently 70.18%.
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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