PotlatchDeltic (NASDAQ:PCH) Receives Buy Rating from DA Davidson

DA Davidson restated their buy rating on shares of PotlatchDeltic (NASDAQ:PCH) in a research report report published on Tuesday morning,Benzinga reports. They currently have a $53.00 target price on the real estate investment trust’s stock.

PCH has been the subject of a number of other reports. StockNews.com lowered PotlatchDeltic from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd. Raymond James upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Monday, December 23rd. 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 research note on Friday, December 6th. Truist Financial dropped their price objective on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Finally, Citigroup decreased their target price on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, PotlatchDeltic has an average rating of “Moderate Buy” and a consensus target price of $48.57.

PotlatchDeltic Price Performance

PotlatchDeltic stock opened at $44.35 on Tuesday. The company has a market capitalization of $3.49 billion, a PE ratio of 211.19 and a beta of 1.16. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average price of $41.62 and a two-hundred day moving average price of $42.43. PotlatchDeltic has a 12 month low of $37.06 and a 12 month high of $47.65.

PotlatchDeltic (NASDAQ:PCH) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. Analysts expect that PotlatchDeltic will post 0.21 EPS for the current year.

PotlatchDeltic Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.06%. PotlatchDeltic’s dividend payout ratio (DPR) is 857.14%.

Institutional Investors Weigh In On PotlatchDeltic

A number of hedge funds and other institutional investors have recently bought and sold shares of PCH. Congress Asset Management Co. increased its stake in PotlatchDeltic by 10.4% during the 4th quarter. Congress Asset Management Co. now owns 167,183 shares of the real estate investment trust’s stock valued at $6,562,000 after purchasing an additional 15,779 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in PotlatchDeltic by 4.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 162,135 shares of the real estate investment trust’s stock valued at $6,364,000 after purchasing an additional 7,567 shares during the last quarter. Stephens Inc. AR raised its stake in shares of PotlatchDeltic by 9.0% in the fourth quarter. Stephens Inc. AR now owns 7,995 shares of the real estate investment trust’s stock worth $314,000 after purchasing an additional 662 shares during the last quarter. KBC Group NV boosted its position in shares of PotlatchDeltic by 67.3% during the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 1,483 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in PotlatchDeltic by 259.7% in the 4th quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 818 shares during the last quarter. 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.