Potlatch Corporation (PCH) To Go Ex-Dividend on December 15th

Potlatch Corporation (NASDAQ:PCH) announced a quarterly dividend on Friday, December 5th. Investors of record on Monday, December 15th will be paid a dividend of 0.45 per share by the real estate investment trust on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Monday, December 15th.

Potlatch has raised its dividend by an average of 0.0%per year over the last three years. Potlatch has a payout ratio of 145.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Potlatch to earn $1.20 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 150.0%.

Potlatch Trading Down 0.9%

PCH stock traded down $0.38 during mid-day trading on Friday, reaching $40.28. 419,714 shares of the stock traded hands, compared to its average volume of 479,880. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.26 and a current ratio of 1.96. Potlatch has a one year low of $36.82 and a one year high of $48.12. The stock has a market capitalization of $3.11 billion, a PE ratio of 49.12 and a beta of 1.10. The business has a 50-day moving average price of $40.47 and a two-hundred day moving average price of $40.68.

Potlatch (NASDAQ:PCH) last released its earnings results on Friday, May 6th. The real estate investment trust reported $1.94 earnings per share (EPS) for the quarter. Potlatch had a net margin of 5.76% and a return on equity of 3.38%. The firm had revenue of $354.19 million during the quarter. Equities research analysts expect that Potlatch will post 0.8 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on PCH. Weiss Ratings reissued a “hold (c)” rating on shares of Potlatch in a research note on Wednesday, October 8th. Bank of America lowered Potlatch from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $49.00 to $46.00 in a research note on Monday, November 17th. Zacks Research upgraded Potlatch from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. Citigroup reduced their target price on Potlatch from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Finally, Truist Financial decreased their target price on Potlatch from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $45.67.

About Potlatch

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.