DA Davidson reaffirmed their buy rating on shares of PotlatchDeltic (NASDAQ:PCH – Free Report) in a research report sent to investors on Tuesday,Benzinga reports. They currently have a $53.00 target price on the real estate investment trust’s stock.
PCH has been the topic of several other research reports. BMO Capital Markets upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a research report on Friday, December 6th. Truist Financial dropped their price target on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. StockNews.com cut PotlatchDeltic from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd. Citigroup reduced their price target on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $50.00 price objective on shares of PotlatchDeltic in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $48.57.
View Our Latest Analysis on PCH
PotlatchDeltic Stock Performance
PotlatchDeltic (NASDAQ:PCH – Get Free Report) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. As a group, equities analysts anticipate that PotlatchDeltic will post 0.21 EPS for the current fiscal year.
PotlatchDeltic Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend was Monday, December 16th. PotlatchDeltic’s dividend payout ratio (DPR) is 857.14%.
Institutional Trading of PotlatchDeltic
Hedge funds and other institutional investors have recently bought and sold shares of the company. Mackenzie Financial Corp boosted its holdings in shares of PotlatchDeltic by 3.3% in the second quarter. Mackenzie Financial Corp now owns 9,050 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 286 shares during the period. Saturna Capital Corp lifted its position in shares of PotlatchDeltic by 3.7% in the 3rd quarter. Saturna Capital Corp now owns 10,031 shares of the real estate investment trust’s stock valued at $452,000 after acquiring an additional 356 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its stake in PotlatchDeltic by 3.6% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 16,456 shares of the real estate investment trust’s stock worth $741,000 after purchasing an additional 570 shares during the period. Stephens Inc. AR raised its stake in PotlatchDeltic by 9.0% during the 4th quarter. Stephens Inc. AR now owns 7,995 shares of the real estate investment trust’s stock valued at $314,000 after purchasing an additional 662 shares during the period. Finally, Creative Planning lifted its holdings in shares of PotlatchDeltic by 13.6% in the third quarter. Creative Planning now owns 5,835 shares of the real estate investment trust’s stock valued at $263,000 after purchasing an additional 699 shares in the last quarter. 86.06% of the stock is owned by 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.
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