PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns 1.8 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 residential and commercial real estate development business and a rural timberland sales program. PotlatchDeltic, a leader in sustainable forest management, is committed to environmental and social responsibility and to responsible governance.
IPO Year:
Exchange: NASDAQ
Website: potlatchdeltic.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/12/2024 | $51.00 | Neutral → Buy | BofA Securities |
| 5/1/2024 | $45.00 → $46.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 11/27/2023 | Strong Buy → Mkt Perform | Raymond James | |
| 7/19/2023 | $55.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 10/18/2022 | $50.00 → $55.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 6/29/2022 | $50.00 | Hold | Truist |
| 4/27/2022 | $65.00 → $60.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 2/2/2022 | $65.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 2/2/2022 | Sector Perform → Outperform | RBC Capital | |
| 10/6/2021 | Neutral → Buy | DA Davidson |
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4 - POTLATCHDELTIC CORP (0001338749) (Issuer)
4 - POTLATCHDELTIC CORP (0001338749) (Issuer)
4 - POTLATCHDELTIC CORP (0001338749) (Issuer)
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4 - POTLATCHDELTIC CORP (0001338749) (Issuer)
4 - POTLATCHDELTIC CORP (0001338749) (Issuer)
PotlatchDeltic Corporation (NASDAQ:PCH) today announced the appointment of Wayne Wasechek as Vice President, Chief Financial Officer, effective immediately. Wasechek has served as Interim Vice President, Chief Financial Officer and Chief Accounting Officer, since April 19, 2023. "Following a robust search process supported by an external firm, I have great confidence that Wayne is the right person for this role," said Eric Cremers, President and Chief Executive Officer. "He brings deep financial expertise, a comprehensive understanding of our industry and of our business, and I am certain that with his leadership, we will build on our strong track record." "I am honored to have the oppo
PotlatchDeltic Corporation (NASDAQ:PCH) announced today the appointment of Ashlee Cribb as Vice President, Wood Products effective July 28. Ashlee succeeds Tom Temple, who will be retiring later this year. "We are thrilled to welcome Ashlee to the role of Vice President, Wood Products," said Eric Cremers, PotlatchDeltic's President and Chief Executive Officer. "Ashlee brings extensive knowledge and a strong track record with over thirty years of industry experience including positions at Georgia Pacific LLC and Roseburg Forest Products. Most recently, Ashlee served as the Senior Vice President, Chief Commercial Officer at Roseburg Forest Products in Springfield, Oregon, and prior to that h
Truist Securities analyst Michael Roxland maintains PotlatchDeltic (NASDAQ:PCH) with a Hold and lowers the price target from $49 to $42.
RBC Capital analyst Matthew McKellar upgrades PotlatchDeltic (NASDAQ:PCH) from Sector Perform to Outperform and announces $46 price target.
PotlatchDeltic (NASDAQ:PCH) reported quarterly sales of $228.127 million which missed the analyst consensus estimate of $229.544 million by 0.62 percent. This is a 11.57 percent decrease over sales of $257.962 million the same period last year.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy . Below are the ratings of the most accurate analysts for three high-yielding stocks in the real estate sector. PotlatchDeltic Corporation (NASDAQ:PCH) Dividend Yield: 4.07% RBC Capital analyst Matthew McKellar reiterated a Sector Perform rating
Truist Securities analyst Michael Roxland maintains PotlatchDeltic (NASDAQ:PCH) with a Hold and lowers the price target from $51 to $49.
3 analysts have expressed a variety of opinions on PotlatchDeltic (NASDAQ:PCH) over the past quarter, offering a diverse set of opinions from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $49.0, a high estimate of $51.00, and a low estimate of $48.00. A 2.0% drop is evident in the current ave
RBC Capital analyst Matthew McKellar reiterates PotlatchDeltic (NASDAQ:PCH) with a Sector Perform and maintains $48 price target.
PotlatchDeltic (NASDAQ:PCH) reported its Q4 earnings results on Monday, January 29, 2024 at 04:10 PM. Here's what investors need to know about the announcement. Earnings PotlatchDeltic missed estimated earnings by 100.0%, reporting an EPS of $0.0 versus an estimate of $0.03. Revenue was up $1.36 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.06 which was followed by a 0.49% increase in the share price the next day. Here's a look at PotlatchDeltic's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.20 0.09 0.11 0.16 EPS Actual 0.14 0.06 0.23 0.12 Revenue Estimate 267.07M 230.63M 244.77M 252.22M
PotlatchDeltic (NASDAQ:PCH) reported quarterly sales of $254.50 million which beat the analyst consensus estimate of $241.98 million by 5.18 percent. This is a 0.54 percent increase over sales of $253.14 million the same period last year.
BofA Securities upgraded PotlatchDeltic from Neutral to Buy and set a new price target of $51.00
RBC Capital Mkts upgraded PotlatchDeltic from Sector Perform to Outperform and set a new price target of $46.00 from $45.00 previously
Raymond James downgraded PotlatchDeltic from Strong Buy to Mkt Perform
RBC Capital Mkts downgraded PotlatchDeltic from Outperform to Sector Perform and set a new price target of $55.00
RBC Capital Mkts upgraded PotlatchDeltic from Sector Perform to Outperform and set a new price target of $55.00 from $50.00 previously
Truist initiated coverage of PotlatchDeltic with a rating of Hold and set a new price target of $50.00
RBC Capital Mkts downgraded PotlatchDeltic from Outperform to Sector Perform and set a new price target of $60.00 from $65.00 previously
RBC Capital Mkts upgraded PotlatchDeltic from Sector Perform to Outperform and set a new price target of $65.00
RBC Capital upgraded PotlatchDeltic from Sector Perform to Outperform
DA Davidson upgraded PotlatchDeltic from Neutral to Buy
8-K - POTLATCHDELTIC CORP (0001338749) (Filer)
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PotlatchDeltic Corporation (NASDAQ:PCH) today reported net income of $3.3 million, or $0.04 per diluted share, on revenues of $255.1 million for the quarter ended September 30, 2024. Net income was $23.7 million, or $0.29 per diluted share, on revenues of $265.5 million for the quarter ended September 30, 2023. Excluding an after-tax gain on insurance recoveries, adjusted net income was $11.4 million, or $0.14 per diluted share for the third quarter of 2023. Third Quarter 2024 Highlights Generated Total Adjusted EBITDDA of $45.9 million and Total Adjusted EBITDDA margin of 18% Completed construction on the Waldo, Arkansas sawmill expansion and modernization project Repurchased 57,000
PotlatchDeltic Corporation (NASDAQ:PCH) will release third quarter earnings on Monday, October 28, after the market closes. The company will hold a live conference call and webcast on Tuesday, October 29 at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time) to discuss the results. Investors may access the webcast at www.potlatchdeltic.com by clicking on the Investors link or by conference call at 1-888-510-2008 for U.S./Canada and 1-646-960-0306 for international callers. Participants will be asked to provide conference I.D. number 7281983. A replay of the conference call will be available two hours following the call until November 5, 2024, by calling 1-800-770-2030 for U.S./Canada or 1-60
PotlatchDeltic Corporation (NASDAQ:PCH) PotlatchDeltic has completed the planned downtime at the Waldo, Arkansas sawmill to tie-in equipment for the modernization and expansion project. The modernization project construction has been completed and the facility is beginning its ramp-up phase, and it is anticipated that it will take 6 to 12 months to reach the mill's new dimensional lumber capacity of 275 million board feet per year. The Waldo modernization and expansion project is a $131 million strategic investment that is expected to increase the mill's annual capacity by 85 million board feet, improve recovery by 6%, and reduce cash processing costs by approximately 30%. Once the ramp-up
The board of directors of PotlatchDeltic Corporation (NASDAQ:PCH) declared a quarterly distribution on the Company's common stock. The distribution of $0.45 per share is payable September 30, 2024 to stockholders of record on September 13, 2024. About PotlatchDeltic PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns over 2.1 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. PotlatchDe
PotlatchDeltic Corporation (NASDAQ:PCH) today reported net income of $13.7 million, or $0.17 per diluted share, on revenues of $320.7 million for the quarter ended June 30, 2024. Net income was $22.3 million, or $0.28 per diluted share, on revenues of $246.1 million for the quarter ended June 30, 2023. Excluding after-tax special items consisting of gain on insurance recoveries and CatchMark merger-related expenses, adjusted net income was $5.2 million, or $0.06 per diluted share, for the second quarter of 2023. Second Quarter 2024 Highlights Generated Total Adjusted EBITDDA of $103.2 million and Total Adjusted EBITDDA margin of 32% Completed the sale of 34,100 acres of four-year av
PotlatchDeltic Corporation (NASDAQ:PCH) will release second quarter earnings on Monday, July 29, after the market closes. The company will hold a live conference call and webcast on Tuesday, July 30 at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time) to discuss the results. Investors may access the webcast at www.potlatchdeltic.com by clicking on the Investors link or by conference call at 1-888-510-2008 for U.S./Canada and 1-646-960-0306 for international callers. Participants will be asked to provide conference I.D. number 7281983. A replay of the conference call will be available two hours following the call until August 6, 2024, by calling 1-800-770-2030 for U.S./Canada or 1-609-800
PotlatchDeltic Corporation (NASDAQ:PCH) today released its 2023 Corporate Responsibility Report. The Report highlights PotlatchDeltic's 2023 corporate responsibility accomplishments, linking them with the United Nations Sustainable Development Goals. "We are proud of the continued momentum we are seeing surrounding our corporate responsibility goals and initiatives," said Eric Cremers, president and chief executive officer. "Our 2023 Corporate Responsibility Report and the expanded corporate responsibility section of our website illustrate only some of the accomplishments we have made in our four pillars - Forests, Planet, People, and Performance. In addition, we continue to work to meet
PotlatchDeltic Corporation (NASDAQ:PCH) announced today Eric J. Cremers, president and chief executive officer, and Wayne Wasechek, vice president and chief financial officer, will provide a company overview to investors at the REITweek Conference in New York, June 4, 2024 at approximately 4:30 pm Eastern Time. The live audio webcast of the presentation will be available via the Investors page on PotlatchDeltic's website at www.potlatchdeltic.com. An archived version of the Company's webcast will also be available on this site following the presentation for approximately 30 days. About PotlatchDeltic PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that own
The board of directors of PotlatchDeltic Corporation (NASDAQ:PCH) declared a quarterly distribution on the Company's common stock. The distribution of $0.45 per share is payable June 28, 2024 to stockholders of record on June 7, 2024. About PotlatchDeltic PotlatchDeltic (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. PotlatchDeltic, a l
PotlatchDeltic Corporation (NASDAQ:PCH) today reported a net loss of $0.3 million, or $0.00 per diluted share, on revenues of $228.1 million for the quarter ended March 31, 2024. Net income was $16.3 million, or $0.20 per diluted share, on revenues of $258.0 million for the quarter ended March 31, 2023. Excluding CatchMark merger-related expenses, adjusted net income was $18.5 million, or $0.23 per diluted share, for the first quarter of 2023. First Quarter 2024 Highlights Generated Total Adjusted EBITDDA of $29.7 million and Total Adjusted EBITDDA margin of 13% Acquired 16,000 acres of high-quality mature Southern timberlands for $31 million, or $1,900/acre Announced agreement t
PotlatchDeltic Corporation (NASDAQ:PCH) today reported net income of $3.3 million, or $0.04 per diluted share, on revenues of $255.1 million for the quarter ended September 30, 2024. Net income was $23.7 million, or $0.29 per diluted share, on revenues of $265.5 million for the quarter ended September 30, 2023. Excluding an after-tax gain on insurance recoveries, adjusted net income was $11.4 million, or $0.14 per diluted share for the third quarter of 2023. Third Quarter 2024 Highlights Generated Total Adjusted EBITDDA of $45.9 million and Total Adjusted EBITDDA margin of 18% Completed construction on the Waldo, Arkansas sawmill expansion and modernization project Repurchased 57,000
PotlatchDeltic Corporation (NASDAQ:PCH) will release third quarter earnings on Monday, October 28, after the market closes. The company will hold a live conference call and webcast on Tuesday, October 29 at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time) to discuss the results. Investors may access the webcast at www.potlatchdeltic.com by clicking on the Investors link or by conference call at 1-888-510-2008 for U.S./Canada and 1-646-960-0306 for international callers. Participants will be asked to provide conference I.D. number 7281983. A replay of the conference call will be available two hours following the call until November 5, 2024, by calling 1-800-770-2030 for U.S./Canada or 1-60
PotlatchDeltic Corporation (NASDAQ:PCH) today reported net income of $13.7 million, or $0.17 per diluted share, on revenues of $320.7 million for the quarter ended June 30, 2024. Net income was $22.3 million, or $0.28 per diluted share, on revenues of $246.1 million for the quarter ended June 30, 2023. Excluding after-tax special items consisting of gain on insurance recoveries and CatchMark merger-related expenses, adjusted net income was $5.2 million, or $0.06 per diluted share, for the second quarter of 2023. Second Quarter 2024 Highlights Generated Total Adjusted EBITDDA of $103.2 million and Total Adjusted EBITDDA margin of 32% Completed the sale of 34,100 acres of four-year av
PotlatchDeltic Corporation (NASDAQ:PCH) will release second quarter earnings on Monday, July 29, after the market closes. The company will hold a live conference call and webcast on Tuesday, July 30 at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time) to discuss the results. Investors may access the webcast at www.potlatchdeltic.com by clicking on the Investors link or by conference call at 1-888-510-2008 for U.S./Canada and 1-646-960-0306 for international callers. Participants will be asked to provide conference I.D. number 7281983. A replay of the conference call will be available two hours following the call until August 6, 2024, by calling 1-800-770-2030 for U.S./Canada or 1-609-800
PotlatchDeltic Corporation (NASDAQ:PCH) today reported a net loss of $0.3 million, or $0.00 per diluted share, on revenues of $228.1 million for the quarter ended March 31, 2024. Net income was $16.3 million, or $0.20 per diluted share, on revenues of $258.0 million for the quarter ended March 31, 2023. Excluding CatchMark merger-related expenses, adjusted net income was $18.5 million, or $0.23 per diluted share, for the first quarter of 2023. First Quarter 2024 Highlights Generated Total Adjusted EBITDDA of $29.7 million and Total Adjusted EBITDDA margin of 13% Acquired 16,000 acres of high-quality mature Southern timberlands for $31 million, or $1,900/acre Announced agreement t
PotlatchDeltic Corporation (NASDAQ:PCH) will release first quarter earnings on Monday, April 29, after the market closes. The company will hold a live conference call and webcast on Tuesday, April 30 at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time) to discuss the results. Investors may access the webcast at www.potlatchdeltic.com by clicking on the Investors link or by conference call at 1-888-510-2008 for U.S./Canada and 1-646-960-0306 for international callers. Participants will be asked to provide conference I.D. number 7281983. A replay of the conference call will be available two hours following the call until May 7, 2024, by calling 1-800-770-2030 for U.S./Canada or 1-609-800-9
PotlatchDeltic Corporation (NASDAQ:PCH) today reported a net loss of $0.1 million, or $0.00 per diluted share, on revenues of $254.5 million for the quarter ended December 31, 2023. Net income was $3.8 million, or $0.05 per diluted share, on revenues of $253.1 million for the quarter ended December 31, 2022. Excluding after tax special items consisting of CatchMark merger-related expenses and an environmental charge, adjusted net income was $9.3 million, or $0.12 per diluted share, for the fourth quarter of 2022. Net income for the full year 2023 was $62.1 million, or $0.77 per diluted share, on revenues of $1.0 billion. Excluding after tax special items consisting of a gain on insurance
PotlatchDeltic Corporation (NASDAQ:PCH) announced today the tax treatment for its dividend distributions made in 2023 on the company's Common Stock. The dividend distributions of $1.80 per share are classified for income tax purposes as follows: $1.3124 (72.9%) of Capital Gain Distributions (long-term 20% rate) and $0.4876 (27.1%) as a Non-dividend Distribution (return of capital). The table below summarizes the income tax treatment of the company's 2023 dividends: 2023 Dividend Tax Reporting Information (Form 1099-DIV) PotlatchDeltic Corporation Common Stock: PCH CUSIP# 737630103 Record Date Payable Date Distribution Per Share Capital Gain Return of Capital
PotlatchDeltic Corporation (NASDAQ:PCH) will release fourth quarter earnings on Monday, January 29, after the market closes. The company will hold a live conference call and webcast on Tuesday, January 30 at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time) to discuss the results. Investors may access the webcast at www.potlatchdeltic.com by clicking on the Investors link or by conference call at 1-888-510-2008 for U.S./Canada and 1-646-960-0306 for international callers. Participants will be asked to provide conference I.D. number 7281983. A replay of the conference call will be available two hours following the call until February 7, 2024, by calling 1-800-770-2030 for U.S./Canada or 1
PotlatchDeltic Corporation (NASDAQ:PCH) today reported net income of $23.7 million, or $0.29 per diluted share, on revenues of $265.5 million for the quarter ended September 30, 2023. Excluding an after-tax gain on insurance recoveries, adjusted net income was $11.4 million, or $0.14 per diluted share for the third quarter of 2023. Net income was $46.0 million, or $0.64 per diluted share, on revenues of $306.7 million for the quarter ended September 30, 2022. Excluding an after-tax gain on insurance recoveries and CatchMark merger-related expenses, adjusted net income was $53.2 million, or $0.74 per diluted share, for the third quarter of 2022. Third Quarter 2023 Highlights Generated T