Brokerages Set PotlatchDeltic Co. (NASDAQ:PCH) PT at $48.40

Shares of PotlatchDeltic Co. (NASDAQ:PCH) have received a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $48.40.

PCH has been the subject of a number of analyst reports. Raymond James raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research note on Monday, December 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $50.00 price objective on shares of PotlatchDeltic in a research report on Wednesday, October 30th. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. BMO Capital Markets upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target for the company in a report on Friday, December 6th. Finally, Truist Financial raised their price objective on shares of PotlatchDeltic from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th.

PotlatchDeltic Stock Down 0.5 %

PotlatchDeltic stock opened at $38.88 on Monday. The stock has a 50 day moving average of $42.15 and a two-hundred day moving average of $42.16. PotlatchDeltic has a twelve month low of $37.06 and a twelve month high of $50.04. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 185.14 and a beta of 1.14. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.08. The firm had revenue of $255.10 million during the quarter, compared to analysts’ expectations of $241.35 million. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. As a group, research analysts expect that PotlatchDeltic will post 0.15 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend is Monday, December 16th. PotlatchDeltic’s dividend payout ratio (DPR) is presently 857.14%.

Institutional Trading of PotlatchDeltic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Independence Bank of Kentucky acquired a new stake in shares of PotlatchDeltic during the 2nd quarter worth about $51,000. Quarry LP purchased a new position in shares of PotlatchDeltic during the second quarter valued at approximately $82,000. Quest Partners LLC acquired a new stake in PotlatchDeltic during the second quarter worth approximately $85,000. Systematic Financial Management LP acquired a new stake in PotlatchDeltic during the third quarter worth approximately $166,000. Finally, FMR LLC grew its stake in PotlatchDeltic by 20.4% in the 3rd quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after acquiring an additional 733 shares during the period. Hedge funds and other institutional investors own 86.06% of the company’s stock.

PotlatchDeltic Company Profile

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.