PotlatchDeltic Co. (NASDAQ:PCH) Given Average Rating of “Moderate Buy” by Brokerages

Shares of PotlatchDeltic Co. (NASDAQ:PCH) have received a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $48.71.

A number of research firms recently issued reports on PCH. Citigroup reduced their target price on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. DA Davidson set a $54.00 price objective on PotlatchDeltic in a research note on Wednesday, January 29th. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Raymond James upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Monday, December 23rd. Finally, Truist Financial lowered their price target on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a report on Monday, January 6th.

PotlatchDeltic Trading Down 0.7 %

NASDAQ:PCH opened at $44.82 on Wednesday. The company has a market capitalization of $3.53 billion, a PE ratio of 160.07 and a beta of 1.14. PotlatchDeltic has a 52-week low of $37.06 and a 52-week high of $48.12. The stock has a fifty day simple moving average of $44.81 and a 200-day simple moving average of $43.25. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46.

PotlatchDeltic (NASDAQ:PCH) last announced 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 net margin of 2.06% and a return on equity of 1.05%. On average, equities research analysts expect that PotlatchDeltic will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date was Friday, March 7th. PotlatchDeltic’s dividend payout ratio is currently 642.86%.

Insider Buying and Selling

In other PotlatchDeltic news, CEO Eric J. Cremers sold 14,188 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $44.76, for a total transaction of $635,054.88. Following the completion of the sale, the chief executive officer now directly owns 281,133 shares in the company, valued at $12,583,513.08. This represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Michele Tyler sold 3,170 shares of PotlatchDeltic stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $44.72, for a total value of $141,762.40. Following the completion of the transaction, the vice president now directly owns 39,446 shares in the company, valued at $1,764,025.12. This represents a 7.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,651 shares of company stock valued at $834,770. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On PotlatchDeltic

Several institutional investors have recently bought and sold shares of the business. EagleClaw Capital Managment LLC boosted its position in shares of PotlatchDeltic by 0.5% in the fourth quarter. EagleClaw Capital Managment LLC now owns 62,225 shares of the real estate investment trust’s stock worth $2,442,000 after buying an additional 300 shares during the period. Capital Square LLC grew its position in PotlatchDeltic by 0.8% in the fourth quarter. Capital Square LLC now owns 41,030 shares of the real estate investment trust’s stock valued at $1,711,000 after acquiring an additional 337 shares in the last quarter. Xponance Inc. raised its stake in shares of PotlatchDeltic by 4.3% during the fourth quarter. Xponance Inc. now owns 10,706 shares of the real estate investment trust’s stock valued at $420,000 after purchasing an additional 446 shares during the period. Quarry LP lifted its position in shares of PotlatchDeltic by 224.2% during the fourth quarter. Quarry LP now owns 697 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 482 shares in the last quarter. Finally, Fiduciary Counselling Inc. lifted its position in shares of PotlatchDeltic by 0.5% during the fourth quarter. Fiduciary Counselling Inc. now owns 116,716 shares of the real estate investment trust’s stock worth $4,581,000 after purchasing an additional 607 shares in the last quarter. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

About PotlatchDeltic

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.