PotlatchDeltic (NASDAQ:PCH) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of PotlatchDeltic (NASDAQ:PCH) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

Several other research analysts also recently issued reports on PCH. Royal Bank of Canada reaffirmed an “outperform” rating and set a $50.00 price target on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Raymond James raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a report on Monday, December 23rd. Truist Financial lowered their target price on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, January 6th. BMO Capital Markets raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a research note on Friday, December 6th. Finally, DA Davidson restated a “buy” rating and set a $53.00 target price on shares of PotlatchDeltic in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.57.

PotlatchDeltic Trading Up 0.9 %

Shares of PCH stock opened at $44.73 on Friday. The firm has a market capitalization of $3.52 billion, a PE ratio of 159.75 and a beta of 1.16. PotlatchDeltic has a 1-year low of $37.06 and a 1-year high of $47.65. The business’s fifty day moving average price is $41.65 and its 200 day moving average price is $42.47. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.93.

PotlatchDeltic (NASDAQ:PCH) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. As a group, sell-side analysts forecast that PotlatchDeltic will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.02%. The ex-dividend date was Monday, December 16th. PotlatchDeltic’s dividend payout ratio (DPR) is 642.86%.

Institutional Investors Weigh In On PotlatchDeltic

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Adelante Capital Management LLC raised its holdings in shares of 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 buying an additional 1,115,272 shares during the period. JPMorgan Chase & Co. lifted its position in shares of PotlatchDeltic by 22.2% during the third quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust’s stock worth $40,565,000 after purchasing an additional 163,774 shares in the last quarter. Curi RMB Capital LLC boosted its stake in shares of PotlatchDeltic by 0.5% in the third 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in PotlatchDeltic by 29.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,946 shares of the real estate investment trust’s stock worth $13,918,000 after buying an additional 69,887 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in PotlatchDeltic by 17.3% in the 4th quarter. New York State Common Retirement Fund now owns 271,698 shares of the real estate investment trust’s stock worth $10,664,000 after buying an additional 40,058 shares in the last quarter. 86.06% of the stock is currently owned by institutional investors and hedge funds.

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.