Analysts Set PotlatchDeltic Co. (NASDAQ:PCH) Target Price at $51.33

Shares of PotlatchDeltic Co. (NASDAQ:PCH) have been assigned a consensus recommendation of “Hold” from the three brokerages that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $51.33.

PCH has been the subject of a number of research analyst reports. Truist Financial lowered their price target on PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating for the company in a report on Wednesday, January 31st. Royal Bank of Canada reissued a “sector perform” rating and issued a $48.00 target price on shares of PotlatchDeltic in a report on Wednesday, January 31st.

Insider Activity

In other news, CEO Eric J. Cremers sold 17,591 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.13, for a total transaction of $793,881.83. Following the transaction, the chief executive officer now owns 241,111 shares of the company’s stock, valued at approximately $10,881,339.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Eric J. Cremers sold 17,591 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $45.13, for a total transaction of $793,881.83. Following the completion of the sale, the chief executive officer now owns 241,111 shares in the company, valued at $10,881,339.43. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Wayne Wasechek sold 1,565 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $45.13, for a total value of $70,628.45. Following the completion of the transaction, the chief financial officer now owns 21,247 shares in the company, valued at $958,877.11. The disclosure for this sale can be found here. Insiders sold 23,124 shares of company stock worth $1,043,626 in the last quarter. 2.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in PotlatchDeltic by 14.5% in the 3rd quarter. Vanguard Group Inc. now owns 11,820,414 shares of the real estate investment trust’s stock valued at $485,110,000 after purchasing an additional 1,497,553 shares during the period. BlackRock Inc. lifted its holdings in shares of PotlatchDeltic by 3.0% during the 1st quarter. BlackRock Inc. now owns 8,962,038 shares of the real estate investment trust’s stock worth $472,566,000 after acquiring an additional 258,490 shares during the last quarter. Norges Bank purchased a new position in shares of PotlatchDeltic in the 4th quarter worth about $150,557,000. State Street Corp grew its position in PotlatchDeltic by 3.3% during the first quarter. State Street Corp now owns 2,740,617 shares of the real estate investment trust’s stock valued at $135,656,000 after acquiring an additional 87,408 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of PotlatchDeltic by 20.9% during the 1st quarter. Geode Capital Management LLC now owns 2,093,061 shares of the real estate investment trust’s stock valued at $103,606,000 after purchasing an additional 361,983 shares during the last quarter. 86.06% of the stock is currently owned by institutional investors and hedge funds.

PotlatchDeltic Trading Up 1.1 %

Shares of PCH stock opened at $41.19 on Wednesday. The stock has a market cap of $3.28 billion, a P/E ratio of 53.49 and a beta of 1.15. The stock has a 50 day simple moving average of $45.04 and a 200 day simple moving average of $45.80. PotlatchDeltic has a 1 year low of $40.55 and a 1 year high of $54.44. The company has a current ratio of 1.44, a quick ratio of 1.14 and a debt-to-equity ratio of 0.40.

PotlatchDeltic Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend was Thursday, March 7th. PotlatchDeltic’s dividend payout ratio (DPR) is 233.77%.

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.