PotlatchDeltic Co. (NASDAQ:PCH) Receives $46.00 Average PT from Brokerages

Shares of PotlatchDeltic Co. (NASDAQ:PCH) have been assigned an average recommendation of “Moderate Buy” from the four brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $47.67.

PCH has been the topic of several recent analyst reports. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Bank of America raised PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Thursday. Royal Bank of Canada boosted their price objective on PotlatchDeltic from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Truist Financial dropped their price objective on PotlatchDeltic from $49.00 to $42.00 and set a “hold” rating on the stock in a research note on Tuesday, July 16th.

PotlatchDeltic Stock Up 2.7 %

Shares of PotlatchDeltic stock opened at $45.32 on Thursday. The business’s fifty day moving average price is $42.06 and its two-hundred day moving average price is $42.67. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.00. The company has a market capitalization of $3.58 billion, a P/E ratio of 79.51, a PEG ratio of 995.32 and a beta of 1.13. PotlatchDeltic has a 1-year low of $37.06 and a 1-year high of $50.04.

PotlatchDeltic (NASDAQ:PCH) last announced its earnings results on Monday, July 29th. The real estate investment trust reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. The firm had revenue of $320.70 million for the quarter, compared to the consensus estimate of $305.01 million. PotlatchDeltic had a return on equity of 1.14% and a net margin of 3.45%. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 EPS.

PotlatchDeltic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend is Friday, September 13th. PotlatchDeltic’s payout ratio is 315.80%.

Insider Buying and Selling

In related news, VP Ashlee Townsend Cribb sold 4,114 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $43.11, for a total transaction of $177,354.54. Following the transaction, the vice president now directly owns 29,039 shares of the company’s stock, valued at $1,251,871.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. increased its position in PotlatchDeltic by 370.7% in the 1st quarter. Bessemer Group Inc. now owns 706 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 556 shares during the last quarter. Independence Bank of Kentucky acquired a new stake in PotlatchDeltic in the second quarter valued at approximately $51,000. Beach Investment Counsel Inc. PA acquired a new stake in PotlatchDeltic in the second quarter valued at approximately $59,000. Quarry LP bought a new stake in PotlatchDeltic in the second quarter worth approximately $82,000. Finally, Quest Partners LLC bought a new stake in PotlatchDeltic in the second quarter worth approximately $85,000. 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.