PotlatchDeltic (NASDAQ:PCH) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of PotlatchDeltic (NASDAQ:PCH) from a market perform rating to an outperform rating in a report released on Friday, Marketbeat.com reports. The brokerage currently has $51.00 price target on the real estate investment trust’s stock.

A number of other research firms have also recently issued reports on PCH. Royal Bank of Canada restated an “outperform” rating and set a $50.00 price target on shares of PotlatchDeltic in a report on Wednesday, October 30th. Bank of America upgraded PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Thursday, September 12th. Truist Financial increased their price target on PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Finally, StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.25.

PotlatchDeltic Stock Performance

PotlatchDeltic stock opened at $44.27 on Friday. The business has a 50 day moving average of $43.01 and a 200-day moving average of $42.32. PotlatchDeltic has a 1 year low of $37.06 and a 1 year high of $50.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.93. The company has a market capitalization of $3.49 billion, a P/E ratio of 210.81 and a beta of 1.14.

PotlatchDeltic (NASDAQ:PCH) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.08. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The company had revenue of $255.10 million during the quarter, compared to the consensus estimate of $241.35 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. The firm’s revenue was down 3.9% compared to the same quarter last year. On average, equities research analysts predict that PotlatchDeltic will post 0.15 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.07%. PotlatchDeltic’s payout ratio is currently 857.14%.

Institutional Investors Weigh In On PotlatchDeltic

Large investors have recently made changes to their positions in the business. Independence Bank of Kentucky purchased a new stake in shares of PotlatchDeltic during the 2nd quarter valued at $51,000. Quarry LP bought a new position in shares of PotlatchDeltic during the 2nd quarter worth $82,000. Quest Partners LLC bought a new position in shares of PotlatchDeltic during the 2nd quarter worth $85,000. Systematic Financial Management LP bought a new position in shares of PotlatchDeltic during the 3rd quarter worth $166,000. Finally, FMR LLC grew its stake in shares of PotlatchDeltic by 20.4% during the 3rd quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after acquiring an additional 733 shares during the period. 86.06% of the stock is owned by hedge funds and other institutional investors.

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.