PotlatchDeltic Co. (NASDAQ:PCH) Receives $46.00 Average Target Price from Analysts

PotlatchDeltic Co. (NASDAQ:PCH) has been assigned an average recommendation of “Moderate Buy” from the four ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $47.67.

Several research firms have recently weighed in on PCH. Bank of America upgraded shares of PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Thursday, September 12th. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Truist Financial decreased their price objective on PotlatchDeltic from $49.00 to $42.00 and set a “hold” rating for the company in a report on Tuesday, July 16th. Finally, Royal Bank of Canada increased their price objective on PotlatchDeltic from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st.

Insiders Place Their Bets

In other news, VP Ashlee Townsend Cribb sold 4,114 shares of PotlatchDeltic stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $43.11, for a total value of $177,354.54. Following the completion of the sale, the vice president now directly owns 29,039 shares in the company, valued at $1,251,871.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PotlatchDeltic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PCH. Mackenzie Financial Corp boosted its position in PotlatchDeltic by 3.3% during the 2nd quarter. Mackenzie Financial Corp now owns 9,050 shares of the real estate investment trust’s stock valued at $356,000 after purchasing an additional 286 shares during the period. Franklin Resources Inc. increased its stake in shares of PotlatchDeltic by 1.5% in the 4th quarter. Franklin Resources Inc. now owns 27,287 shares of the real estate investment trust’s stock valued at $1,340,000 after buying an additional 395 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of PotlatchDeltic by 0.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 106,448 shares of the real estate investment trust’s stock worth $5,005,000 after purchasing an additional 413 shares during the period. Arizona State Retirement System lifted its holdings in shares of PotlatchDeltic by 2.0% in the second quarter. Arizona State Retirement System now owns 22,256 shares of the real estate investment trust’s stock valued at $877,000 after purchasing an additional 445 shares in the last quarter. Finally, State of Michigan Retirement System increased its position in PotlatchDeltic by 2.6% during the first quarter. State of Michigan Retirement System now owns 19,531 shares of the real estate investment trust’s stock worth $918,000 after buying an additional 500 shares during the last quarter. 86.06% of the stock is owned by institutional investors and hedge funds.

PotlatchDeltic Trading Up 0.3 %

PotlatchDeltic stock opened at $45.46 on Thursday. The business’s fifty day moving average is $42.21 and its 200 day moving average is $42.66. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.00. PotlatchDeltic has a one year low of $37.06 and a one year high of $50.04. The stock has a market capitalization of $3.59 billion, a PE ratio of 79.76, a price-to-earnings-growth ratio of 1,042.57 and a beta of 1.13.

PotlatchDeltic (NASDAQ:PCH) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The firm had revenue of $320.70 million during the quarter, compared to analysts’ expectations of $305.01 million. PotlatchDeltic had a return on equity of 1.14% and a net margin of 3.45%. PotlatchDeltic’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 EPS.

PotlatchDeltic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.45 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.80 annualized dividend and a yield of 3.96%. PotlatchDeltic’s payout ratio is 315.80%.

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.