PCH Stock Recent News

PotlatchDeltic Corporation (NASDAQ:PCH ) Q2 2024 Results Conference Call July 30, 2024 12:00 PM ET Company Participants Wayne Wasechek - Interim VP and CFO Eric Cremers - President and CEO Conference Call Participants Anthony Pettinari - Citi Michael Roxland - Truist Securities George Staphos - Bank of America Matthew McKellar - RBC Capital Markets Kurt Yinger - D.A. Davidson Mark Weintraub - Seaport Research Partners Operator Good morning.

Potlatch (PCH) came out with quarterly earnings of $0.17 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.06 per share a year ago.

SPOKANE, Wash.--(BUSINESS WIRE)--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 $0.0.

REITs are currently trading at a 15.5% discount to NAV.  Timber is even more discounted. Timberland values are rising, evidenced by analyst estimates, aggregated sale price trends, and recent transactions. Timber REITs are undervalued due to myopic focus on near-term EBITDA, but long-term value lies in the perpetual nature of timberland assets.

Wall Street analysts are always careful to boost a price target for a stock beaten down by the market in recent months, mainly measured as a 52-week period, which roughly covers the whole trading year. This is why investors should pay attention when analysts forecast a higher valuation for a stock when that company is trading below a certain level relative to its 52-week high.

On our previous article on PotlatchDeltic we had upgraded the stock to a hold from a sell. Fundamentally, things have gotten worse and leverage ratios are beginning to look bad. We tell you why we are upgrading this to a Buy.

Although the Federal Reserve's continued caution regarding interest rate cuts has stymied a further recovery for real estate investment trusts (REITs), when it comes to the top REITs to sell, that's not the main issue at hand. Rather, these clear-cut sells in the sector face either REIT-specific or property class-specific headwinds.

Toronto, Ontario--(Newsfile Corp. - June 12, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") announced today that, further to its press release dated December 4, 2023, Appia has earned its initial 10% legal and beneficial ownership interest in Appia Brasil Rare Earths Mineracao Ltda (the "Appia Brasil") the Brazilian company that holds the PCH Project (the "Property") located in the Tocantins Structural Province of the Brasília Fold Belt, Goiás State, Brazil. Stephen Burega, President stated, "We have accomplished an amazing amount of work over the past year with a modest budget of $1 million USD.

SPOKANE, Wash.--(BUSINESS WIRE)--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 Re.

SPOKANE, Wash.--(BUSINESS WIRE)--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 v.