PotlatchDeltic Co. (NASDAQ:PCH) Receives $51.33 Consensus PT from Analysts

PotlatchDeltic Co. (NASDAQ:PCH) has been assigned a consensus recommendation of “Hold” from the three brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation. The average 12 month price target among brokerages that have covered the stock in the last year is $51.33.

A number of brokerages have recently weighed in on PCH. Truist Financial lowered their target price on PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Wednesday, January 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $48.00 target price on shares of PotlatchDeltic in a research note on Wednesday, January 31st.

PotlatchDeltic Stock Up 1.1 %

Shares of PCH opened at $41.19 on Wednesday. The company has a market capitalization of $3.28 billion, a P/E ratio of 53.49 and a beta of 1.15. PotlatchDeltic has a one year low of $40.55 and a one year high of $54.44. The business’s 50 day simple moving average is $45.04 and its 200-day simple moving average is $45.80. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.44 and a quick ratio of 1.14.

PotlatchDeltic Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend was Thursday, March 7th. PotlatchDeltic’s payout ratio is 233.77%.

Insider Activity at PotlatchDeltic

In other news, VP Michele Tyler sold 3,968 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.14, for a total value of $179,115.52. Following the sale, the vice president now directly owns 31,864 shares of the company’s stock, valued at approximately $1,438,340.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Eric J. Cremers sold 17,591 shares of PotlatchDeltic stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $45.13, for a total transaction of $793,881.83. Following the completion of the sale, the chief executive officer now directly owns 241,111 shares of the company’s stock, valued at approximately $10,881,339.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Michele Tyler sold 3,968 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.14, for a total transaction of $179,115.52. Following the completion of the sale, the vice president now directly owns 31,864 shares of the company’s stock, valued at approximately $1,438,340.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,124 shares of company stock valued at $1,043,626. Insiders own 2.00% of the company’s stock.

Institutional Trading of PotlatchDeltic

Several large investors have recently modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. raised its stake in PotlatchDeltic by 6.8% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 71,193 shares of the real estate investment trust’s stock worth $3,347,000 after acquiring an additional 4,559 shares in the last quarter. Azzad Asset Management Inc. ADV grew its stake in shares of PotlatchDeltic by 5.7% during the first quarter. Azzad Asset Management Inc. ADV now owns 20,011 shares of the real estate investment trust’s stock worth $941,000 after buying an additional 1,071 shares during the last quarter. State of Michigan Retirement System increased its holdings in shares of PotlatchDeltic by 2.6% during the first quarter. State of Michigan Retirement System now owns 19,531 shares of the real estate investment trust’s stock worth $918,000 after buying an additional 500 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of PotlatchDeltic by 0.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 106,448 shares of the real estate investment trust’s stock valued at $5,005,000 after acquiring an additional 413 shares during the last quarter. Finally, Radnor Capital Management LLC acquired a new stake in shares of PotlatchDeltic during the 1st quarter valued at $404,000. 86.06% of the stock is 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.