Analysts Set PotlatchDeltic Co. (NASDAQ:PCH) Target Price at $48.71

PotlatchDeltic Co. (NASDAQ:PCH) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $48.71.

PCH has been the subject of several research reports. Truist Financial reduced their target price on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, January 6th. DA Davidson set a $54.00 price objective on PotlatchDeltic in a research report on Wednesday, January 29th. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Raymond James upgraded 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. Finally, BMO Capital Markets upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a research note on Friday, December 6th.

Insider Buying and Selling at PotlatchDeltic

In related news, CFO Wayne Wasechek sold 1,293 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $44.82, for a total transaction of $57,952.26. Following the sale, the chief financial officer now directly owns 27,701 shares in the company, valued at $1,241,558.82. This represents a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric J. Cremers sold 14,188 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.76, for a total value of $635,054.88. Following the sale, the chief executive officer now directly owns 281,133 shares of the company’s stock, valued at $12,583,513.08. This represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,651 shares of company stock valued at $834,770. 2.00% of the stock is currently owned by company insiders.

Institutional Trading of PotlatchDeltic

Several large investors have recently made changes to their positions in the business. Wellington Management Group LLP lifted its position in PotlatchDeltic by 2.3% during the 4th quarter. Wellington Management Group LLP now owns 1,061,497 shares of the real estate investment trust’s stock worth $41,664,000 after buying an additional 23,975 shares in the last quarter. Comprehensive Money Management Services LLC acquired a new position in shares of PotlatchDeltic during the fourth quarter worth approximately $366,000. Mackenzie Financial Corp grew its stake in shares of PotlatchDeltic by 88.9% during the fourth quarter. Mackenzie Financial Corp now owns 18,461 shares of the real estate investment trust’s stock valued at $725,000 after purchasing an additional 8,689 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of PotlatchDeltic by 7.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 91,631 shares of the real estate investment trust’s stock valued at $3,597,000 after purchasing an additional 6,383 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in PotlatchDeltic in the 4th quarter worth approximately $596,000. Institutional investors own 86.06% of the company’s stock.

PotlatchDeltic Stock Down 5.1 %

Shares of PCH stock opened at $40.38 on Wednesday. PotlatchDeltic has a 12 month low of $37.06 and a 12 month high of $48.12. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3.18 billion, a PE ratio of 144.21 and a beta of 1.14. The stock has a 50 day moving average of $44.86 and a 200-day moving average of $43.22.

PotlatchDeltic (NASDAQ:PCH) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.10. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. On average, equities analysts predict that PotlatchDeltic will post 0.8 EPS for the current year.

PotlatchDeltic Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend was Friday, March 7th. PotlatchDeltic’s dividend payout ratio (DPR) is 642.86%.

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.