Analysts Set PotlatchDeltic Co. (NASDAQ:PCH) PT at $48.71

PotlatchDeltic Co. (NASDAQ:PCH) has received an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $48.71.

Several equities research analysts recently commented on PCH shares. DA Davidson set a $54.00 target price on PotlatchDeltic in a report on Wednesday, January 29th. Raymond James raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Monday, December 23rd. Citigroup dropped their price objective on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Truist Financial reduced 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. Finally, BMO Capital Markets raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a report on Friday, December 6th.

PotlatchDeltic Price Performance

Shares of PotlatchDeltic stock opened at $40.38 on Wednesday. The business’s fifty day moving average price is $44.86 and its 200 day moving average price is $43.22. PotlatchDeltic has a twelve month low of $37.06 and a twelve month high of $48.12. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $3.18 billion, a P/E ratio of 144.21 and a beta of 1.14.

PotlatchDeltic (NASDAQ:PCH) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.10. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. As a group, research analysts anticipate that PotlatchDeltic will post 0.8 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend was Friday, March 7th. PotlatchDeltic’s dividend payout ratio (DPR) is 642.86%.

Insider Buying and Selling at PotlatchDeltic

In related news, CEO Eric J. Cremers sold 14,188 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $44.76, for a total value of $635,054.88. Following the completion of the sale, the chief executive officer now owns 281,133 shares of the company’s stock, valued at approximately $12,583,513.08. The trade was a 4.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Michele Tyler sold 3,170 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $44.72, for a total transaction of $141,762.40. Following the completion of the sale, the vice president now directly owns 39,446 shares of the company’s stock, 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. In the last quarter, insiders have sold 18,651 shares of company stock worth $834,770. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PotlatchDeltic

Several institutional investors and hedge funds have recently modified their holdings of the business. TCW Group Inc. bought a new stake in PotlatchDeltic during the third quarter worth approximately $1,923,000. Allspring Global Investments Holdings LLC lifted its stake in shares of PotlatchDeltic by 4.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 162,135 shares of the real estate investment trust’s stock worth $6,364,000 after buying an additional 7,567 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of PotlatchDeltic by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,542,771 shares of the real estate investment trust’s stock worth $60,554,000 after buying an additional 70,745 shares during the period. Weiss Asset Management LP acquired a new position in PotlatchDeltic in the 3rd quarter valued at $2,071,000. Finally, Stephens Inc. AR raised its holdings in PotlatchDeltic by 9.0% in the 4th quarter. Stephens Inc. AR now owns 7,995 shares of the real estate investment trust’s stock worth $314,000 after acquiring an additional 662 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.