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

PotlatchDeltic Co. (NASDAQ:PCH) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $48.71.

Several equities analysts have commented on PCH shares. BMO Capital Markets raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a research note on Friday, December 6th. Truist Financial lowered their price objective 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. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Citigroup decreased their price target on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Finally, Raymond James raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Monday, December 23rd.

PotlatchDeltic Price Performance

Shares of PCH opened at $46.28 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08. The company has a market cap of $3.65 billion, a P/E ratio of 165.29 and a beta of 1.14. PotlatchDeltic has a 12 month low of $37.06 and a 12 month high of $48.12. The stock has a fifty day moving average price of $43.00 and a 200 day moving average price of $42.96.

PotlatchDeltic (NASDAQ:PCH) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.10. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. On average, research analysts forecast 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 will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.80 annualized dividend and a dividend yield of 3.89%. PotlatchDeltic’s dividend payout ratio (DPR) is presently 642.86%.

Insiders Place Their Bets

In other PotlatchDeltic news, CFO Wayne Wasechek sold 1,293 shares of the business’s 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 directly owns 27,701 shares of the company’s stock, valued at $1,241,558.82. The trade was a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Eric J. Cremers sold 14,188 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.76, for a total transaction of $635,054.88. Following the transaction, the chief executive officer now owns 281,133 shares in the company, valued at approximately $12,583,513.08. This trade represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,651 shares of company stock worth $834,770. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PotlatchDeltic

Large investors have recently made changes to their positions in the business. Norges Bank acquired a new position in shares of PotlatchDeltic in the fourth quarter valued at $217,145,000. Adelante Capital Management LLC lifted its holdings in PotlatchDeltic by 3,486.3% in the third quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust’s stock valued at $51,684,000 after buying an additional 1,115,272 shares during the period. Balyasny Asset Management L.P. boosted its holdings in PotlatchDeltic by 256.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 567,371 shares of the real estate investment trust’s stock worth $22,269,000 after buying an additional 408,355 shares during the last quarter. Deprince Race & Zollo Inc. raised its stake in PotlatchDeltic by 17.5% during the 4th quarter. Deprince Race & Zollo Inc. now owns 2,359,832 shares of the real estate investment trust’s stock worth $92,623,000 after buying an additional 351,777 shares during the period. Finally, Westwood Holdings Group Inc. raised its holdings in PotlatchDeltic by 12.2% during the 4th quarter. Westwood Holdings Group Inc. now owns 2,404,064 shares of the real estate investment trust’s stock worth $94,360,000 after buying an additional 260,674 shares during the period. 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.