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

PotlatchDeltic Co. (NASDAQ:PCH) has earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $48.40.

Several equities research analysts have recently issued reports on the company. Bank of America raised PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Thursday, September 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $50.00 target price on shares of PotlatchDeltic in a report on Wednesday, October 30th. BMO Capital Markets upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target for the company in a report on Friday, December 6th. Truist Financial raised their price objective on shares of PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Finally, StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th.

PotlatchDeltic Stock Down 0.5 %

Shares of PotlatchDeltic stock opened at $38.88 on Monday. PotlatchDeltic has a 12-month low of $37.06 and a 12-month high of $50.04. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The stock has a 50 day moving average price of $42.15 and a two-hundred day moving average price of $42.16. The stock has a market capitalization of $3.06 billion, a P/E ratio of 185.14 and a beta of 1.14.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.08. The business had revenue of $255.10 million during the quarter, compared to the consensus estimate of $241.35 million. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. PotlatchDeltic’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 EPS. Equities analysts expect that PotlatchDeltic will post 0.15 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend is Monday, December 16th. PotlatchDeltic’s payout ratio is presently 857.14%.

Institutional Investors Weigh In On PotlatchDeltic

Institutional investors and hedge funds have recently bought and sold shares of the business. Independence Bank of Kentucky bought a new stake in PotlatchDeltic in the second quarter valued at about $51,000. Quarry LP acquired a new stake in PotlatchDeltic during the second quarter valued at approximately $82,000. Quest Partners LLC bought a new stake in shares of PotlatchDeltic in the 2nd quarter valued at approximately $85,000. Systematic Financial Management LP acquired a new position in shares of PotlatchDeltic in the 3rd quarter worth approximately $166,000. Finally, FMR LLC lifted its position in shares of PotlatchDeltic by 20.4% during the 3rd quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after buying an additional 733 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.