PotlatchDeltic Co. (NASDAQ:PCH) Receives $47.83 Consensus Price Target from Brokerages

Shares of PotlatchDeltic Co. (NASDAQ:PCH) have received an average rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $47.83.

A number of research analysts recently issued reports on the company. Truist Financial reduced their price objective on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $50.00 price target on shares of PotlatchDeltic in a research report on Wednesday, October 30th. Citigroup reduced their price target on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Raymond James upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research report on Monday, December 23rd.

Institutional Trading of PotlatchDeltic

Several large investors have recently made changes to their positions in PCH. Westwood Holdings Group Inc. boosted its stake in PotlatchDeltic by 3.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,664,242 shares of the real estate investment trust’s stock valued at $65,554,000 after purchasing an additional 58,111 shares during the period. Deprince Race & Zollo Inc. boosted its stake in PotlatchDeltic by 33.0% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,227,361 shares of the real estate investment trust’s stock valued at $48,346,000 after purchasing an additional 304,352 shares during the period. Adelante Capital Management LLC boosted its stake in PotlatchDeltic by 3,486.3% during the 3rd quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust’s stock valued at $51,684,000 after purchasing an additional 1,115,272 shares during the period. JPMorgan Chase & Co. boosted its stake in 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 purchasing an additional 163,774 shares during the period. Finally, Curi RMB Capital LLC boosted its stake in PotlatchDeltic by 0.5% during the 3rd quarter. Curi RMB Capital LLC now owns 335,671 shares of the real estate investment trust’s stock valued at $15,122,000 after purchasing an additional 1,578 shares during the period. Institutional investors own 86.06% of the company’s stock.

PotlatchDeltic Price Performance

PCH stock opened at $42.32 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. PotlatchDeltic has a 52-week low of $37.06 and a 52-week high of $48.08. The stock’s 50 day moving average is $41.45 and its two-hundred day moving average is $42.21. The company has a market capitalization of $3.33 billion, a PE ratio of 201.52 and a beta of 1.16.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The business had revenue of $255.10 million during the quarter, compared to the consensus estimate of $241.35 million. During the same period in the previous year, the business earned $0.14 EPS. The business’s quarterly revenue was down 3.9% on a year-over-year basis. Analysts predict that PotlatchDeltic will post 0.21 earnings per share for the current fiscal year.

PotlatchDeltic Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.80 dividend on an annualized basis and a yield of 4.25%. PotlatchDeltic’s dividend payout ratio (DPR) is currently 857.14%.

About PotlatchDeltic

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.