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

PotlatchDeltic Co. (NASDAQ:PCH) has earned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $48.71.

A number of research analysts have recently issued reports on PCH shares. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Citigroup dropped their target price on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Raymond James upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research report on Monday, December 23rd. Truist Financial decreased their price target 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, DA Davidson set a $54.00 price objective on PotlatchDeltic in a research note on Wednesday, January 29th.

PotlatchDeltic Stock Down 5.1 %

PCH opened at $40.38 on Wednesday. The company has a fifty day moving average of $44.86 and a two-hundred day moving average of $43.18. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.49. PotlatchDeltic has a fifty-two week low of $37.06 and a fifty-two week high of $48.12. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 144.21 and a beta of 1.12.

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

PotlatchDeltic Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid 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%.

Insider Transactions at PotlatchDeltic

In other news, CFO Wayne Wasechek sold 1,293 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.82, for a total value of $57,952.26. Following the completion of the sale, the chief financial officer now owns 27,701 shares of the company’s stock, valued at $1,241,558.82. This represents a 4.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Michele Tyler sold 3,170 shares of PotlatchDeltic stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.72, for a total transaction of $141,762.40. Following the sale, the vice president now directly owns 39,446 shares in the company, valued at approximately $1,764,025.12. The trade was a 7.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,651 shares of company stock worth $834,770 in the last ninety days. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On PotlatchDeltic

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PCH. Quarry LP lifted its stake in shares of PotlatchDeltic by 224.2% in the 4th quarter. Quarry LP now owns 697 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 482 shares during the last quarter. Fifth Third Bancorp raised its holdings 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 valued at $44,000 after buying an additional 818 shares during the period. Sterling Capital Management LLC lifted its position in PotlatchDeltic by 806.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust’s stock valued at $98,000 after buying an additional 2,227 shares during the last quarter. GeoWealth Management LLC purchased a new position in PotlatchDeltic during the fourth quarter worth about $131,000. Finally, Systematic Financial Management LP acquired a new stake in shares of PotlatchDeltic during the third quarter valued at about $166,000. Institutional investors and hedge funds 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.