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

PotlatchDeltic Co. (NASDAQ:PCH) has been given an average recommendation of “Moderate Buy” by the seven research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $48.43.

A number of equities analysts have commented on PCH shares. Citigroup dropped their price objective on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Truist Financial dropped their price target on PotlatchDeltic from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Tuesday, April 22nd. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Finally, DA Davidson set a $54.00 target price on PotlatchDeltic in a report on Wednesday, January 29th.

PotlatchDeltic Price Performance

NASDAQ:PCH opened at $39.08 on Friday. The business’s 50-day moving average is $43.14 and its 200 day moving average is $42.55. PotlatchDeltic has a 12 month low of $36.82 and a 12 month high of $48.12. The company has a market capitalization of $3.08 billion, a P/E ratio of 139.57 and a beta of 1.12. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts forecast that PotlatchDeltic will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors 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 4.61%. The ex-dividend date of this dividend was Friday, March 7th. PotlatchDeltic’s dividend payout ratio is currently 642.86%.

Insider Activity at PotlatchDeltic

In other PotlatchDeltic news, VP Michele Tyler sold 3,170 shares of the company’s 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eric J. Cremers sold 14,188 shares of PotlatchDeltic stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.76, for a total transaction of $635,054.88. Following the sale, the chief executive officer now directly owns 281,133 shares of the company’s stock, valued at $12,583,513.08. This represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,651 shares of company stock worth $834,770 in the last quarter. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On PotlatchDeltic

Several hedge funds have recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. lifted its stake in PotlatchDeltic by 1.6% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 54,178 shares of the real estate investment trust’s stock worth $2,445,000 after acquiring an additional 847 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of PotlatchDeltic by 9.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 176,915 shares of the real estate investment trust’s stock worth $7,982,000 after purchasing an additional 14,780 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in shares of PotlatchDeltic by 53.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 10,912 shares of the real estate investment trust’s stock valued at $492,000 after purchasing an additional 3,787 shares in the last quarter. Azzad Asset Management Inc. ADV purchased a new position in PotlatchDeltic during the first quarter valued at approximately $782,000. Finally, Fifth Third Bancorp raised its stake in PotlatchDeltic by 67.1% in the first quarter. Fifth Third Bancorp now owns 1,893 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 760 shares in the last quarter. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

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.