PotlatchDeltic Co. (NASDAQ:PCH) Receives Average Rating of “Moderate Buy” from Analysts

Shares of PotlatchDeltic Co. (NASDAQ:PCH) have received a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $48.40.

Several research analysts have issued reports on PCH shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $50.00 price target on shares of PotlatchDeltic in a report on Wednesday, October 30th. 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 report on Monday, December 23rd. BMO Capital Markets raised 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. Truist Financial upped 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. Finally, StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th.

PotlatchDeltic Price Performance

NASDAQ PCH opened at $38.88 on Monday. The firm has a market capitalization of $3.06 billion, a PE ratio of 185.14 and a beta of 1.14. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.93. PotlatchDeltic has a 12 month low of $37.06 and a 12 month high of $50.04. The company’s 50 day simple moving average is $42.15 and its 200 day simple moving average is $42.16.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. The company had revenue of $255.10 million for the quarter, compared to the consensus estimate of $241.35 million. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 EPS. As a group, equities research analysts forecast that PotlatchDeltic will post 0.15 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

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 given a $0.45 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.80 dividend on an annualized basis and a yield of 4.63%. PotlatchDeltic’s payout ratio is 857.14%.

Institutional Trading of PotlatchDeltic

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in PotlatchDeltic by 22.2% during the third quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust’s stock valued at $40,565,000 after acquiring an additional 163,774 shares in the last quarter. TCW Group Inc. acquired a new position in shares of PotlatchDeltic during the 3rd quarter worth $1,923,000. Neo Ivy Capital Management bought a new position in shares of PotlatchDeltic during the 3rd quarter valued at $376,000. Barclays PLC lifted its stake in shares of PotlatchDeltic by 147.7% in the 3rd quarter. Barclays PLC now owns 163,784 shares of the real estate investment trust’s stock valued at $7,378,000 after purchasing an additional 97,655 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in PotlatchDeltic by 7.9% in the third quarter. Public Employees Retirement System of Ohio now owns 85,248 shares of the real estate investment trust’s stock worth $3,840,000 after purchasing an additional 6,251 shares in the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

About PotlatchDeltic

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.