Home Dividends High Dividend Yield Stock Under Review: PotlatchDeltic Corporation (NASDAQ: PCH)

Stock Under Review: PotlatchDeltic Corporation (NASDAQ: PCH)

15
0
SHARE

PotlatchDeltic Corporation trades as part of the real estate sector and is in the REITs industry. The company CEO is Michael J. Covey. PotlatchDeltic Corp, formerly Potlatch Corp, is a real estate investment trust. It operates a real estate sales business and five wood products manufacturing facilities that produce lumber and plywood.

Previous Intraday Trading Performance:

The PCH stock showed a previous change of 2.17% with an open at 35.46 and a close of 36.23. It reached an intraday high of 36.57 and a low of 35.10.

SeekingAlpha:  Potlatch goes ex-dividend tomorrow

Liquidity:

The stock has a market cap of $2.3b with 62.8m shares outstanding, of which the float is 61.4m shares. Trading volume reached 587,036 shares compared to its average volume of 561,483 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, PotlatchDeltic Corporation shares returned -2.63% and in the past 30 trading days it returned -23.25%. Over three months, it changed -26.12%. In one year it has changed -28.69% and within that year its 52-week high was 56.35 and its 52-week low was 35.10. PCH stock is 3.22% above its 52 Week Low.

Our calculations show a 200 day moving average of 48.56 and a 50 day moving average of 44.24. Currently PCH stock is trading -25.39% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

SeekingAlpha:  Potlatch goes ex-dividend tomorrow

Earnings:

The last annual fiscal EPS for the company was reported at 2.1 that ended on 31st of December 2017, which according to the previous close, that is a PE of 17.25. Based on 3 analyst estimates, the consensus EPS for the next quarter is 0.88. The TTM EPS is 2.92, which comes to a TTM PE of 12.41. Historically, the PE high was 176.30 and the PE low was 12.41. PCH stock has set a new PE low record!

The following are the last four quarter reported earnings per share:
06-30-2018:  0.75
03-31-2018:  0.69
12-31-2017:  0.54
09-30-2017:  0.94

The dividend per share is currently 1.60, which is a dividend yield of 4.42%. Also, the payout ratio is 54.79%, therefore the dividend is safe according to our calculations. PCH stock has a high dividend yield, but because the company has sufficient earnings to cover future dividends, it may be a good investment opportunity for an income portfolio.

Base on our calculations, the intrinsic value per share is 50.84, which means it is possibly undervalued and has a margin of safety of 28.74%

Indicators to Watch:

Based on the latest filings, there is 89.00% of institutional ownership. Short-interest is 2,333,068, which is 3.72% of shares outstanding. The short-interest ratio or days-to-cover ratio is 5.49. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.20

SeekingAlpha:  Wall Street Breakfast: Treasury Yield Hits Multi-Year High

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 13.81%, return on assets is 6.30%, profit margin is 11.21%, price-to-sales is 3.46 and price-to-book is 1.64.

Company Scores:

All scores are out of six:
 4  :Valuation Score
 4  :Past Performance Score
 4  :Financial Strength Score
 2  :Future Growth Score
 4  :Dividend Score
 3  :Overall Score

SHARE
John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks. Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.