PotlatchDeltic Co. (NASDAQ:PCH) Receives $48.40 Average PT from Brokerages

PotlatchDeltic Co. (NASDAQ:PCH) has been given an average rating of “Moderate Buy” by the five brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $48.40.

Several equities research analysts have recently weighed in on PCH shares. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Raymond James raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Monday. Royal Bank of Canada reiterated an “outperform” rating and issued a $50.00 target price on shares of PotlatchDeltic in a research note on Wednesday, October 30th. BMO Capital Markets upgraded 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. Finally, Truist Financial lifted their price objective on shares of PotlatchDeltic from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th.

PotlatchDeltic Stock Performance

NASDAQ PCH opened at $39.54 on Monday. 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 cap of $3.11 billion, a P/E ratio of 188.29 and a beta of 1.14. The stock has a 50-day moving average of $42.34 and a two-hundred day moving average of $42.19. PotlatchDeltic has a 1-year low of $37.06 and a 1-year high of $50.04.

PotlatchDeltic (NASDAQ:PCH) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. The firm 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 firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 EPS. As a group, analysts anticipate that PotlatchDeltic will post 0.15 EPS for the current year.

PotlatchDeltic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, December 16th. This represents a $1.80 annualized dividend and a dividend yield of 4.55%. PotlatchDeltic’s payout ratio is 857.14%.

Institutional Investors Weigh In On PotlatchDeltic

A number of large investors have recently added to or reduced their stakes in PCH. Independence Bank of Kentucky purchased a new stake in PotlatchDeltic during the 2nd quarter worth approximately $51,000. Quarry LP acquired a new stake in shares of PotlatchDeltic during the second quarter worth approximately $82,000. Quest Partners LLC bought a new stake in shares of PotlatchDeltic in the second quarter worth $85,000. Systematic Financial Management LP acquired a new stake in PotlatchDeltic in the third quarter valued at $166,000. Finally, FMR LLC grew its holdings in 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 in the last quarter. 86.06% of the stock is owned by institutional investors and hedge funds.

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.