PotlatchDeltic (NASDAQ:PCH) Price Target Lowered to $42.00 at Truist Financial

PotlatchDeltic (NASDAQ:PCH) had its price target trimmed by Truist Financial from $44.00 to $42.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has a hold rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued research reports about the stock. DA Davidson set a $54.00 price objective on shares of 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. Citigroup cut their target price on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Finally, Raymond James raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a report on Monday, December 23rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, PotlatchDeltic currently has an average rating of “Moderate Buy” and a consensus price target of $48.43.

PotlatchDeltic Stock Performance

PCH opened at $39.30 on Tuesday. PotlatchDeltic has a 1-year low of $36.82 and a 1-year high of $48.12. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 140.36 and a beta of 1.12. The business has a 50 day moving average price of $43.46 and a two-hundred day moving average price of $42.64. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08.

PotlatchDeltic (NASDAQ:PCH) last announced its earnings results 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%. Research analysts predict that PotlatchDeltic will post 0.8 EPS for the current fiscal 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 paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.80 annualized dividend and a dividend yield of 4.58%. PotlatchDeltic’s dividend payout ratio (DPR) is presently 642.86%.

Insiders Place Their Bets

In related news, VP Michele Tyler sold 3,170 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president now owns 39,446 shares of the company’s stock, valued at $1,764,025.12. This trade represents a 7.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Wayne Wasechek sold 1,293 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 27,701 shares in the company, valued at $1,241,558.82. The trade was a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,651 shares of company stock valued at $834,770 in the last quarter. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On PotlatchDeltic

Several hedge funds have recently added to or reduced their stakes in PCH. Barclays PLC grew its position in shares of PotlatchDeltic by 147.7% during the 3rd quarter. Barclays PLC now owns 163,784 shares of the real estate investment trust’s stock worth $7,378,000 after buying an additional 97,655 shares during the period. JPMorgan Chase & Co. raised its position in shares of PotlatchDeltic by 22.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust’s stock valued at $40,565,000 after acquiring an additional 163,774 shares during the last quarter. Empirical Asset Management LLC acquired a new position in shares of PotlatchDeltic in the 4th quarter valued at $1,773,000. Procyon Advisors LLC increased its holdings in PotlatchDeltic by 37.3% in the fourth quarter. Procyon Advisors LLC now owns 9,241 shares of the real estate investment trust’s stock valued at $363,000 after purchasing an additional 2,511 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in PotlatchDeltic by 259.7% in the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 818 shares during the period. Institutional investors 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.