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

Shares of PotlatchDeltic Co. (NASDAQ:PCH) have received a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $48.71.

Several equities analysts have recently weighed in on PCH shares. DA Davidson set a $54.00 target price on PotlatchDeltic in a research report on Wednesday, January 29th. Truist Financial cut their price objective on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Citigroup lowered their target price on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Raymond James upgraded 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. Finally, StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, January 31st.

PotlatchDeltic Stock Down 5.1 %

PCH opened at $40.38 on Wednesday. The company has a market capitalization of $3.18 billion, a PE ratio of 144.21 and a beta of 1.12. The firm has a 50-day simple moving average of $44.86 and a two-hundred day simple moving average of $43.18. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. PotlatchDeltic has a 52 week low of $37.06 and a 52 week high of $48.12.

PotlatchDeltic (NASDAQ:PCH) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.07 EPS for the quarter, beating 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%. Analysts forecast that PotlatchDeltic will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date was Friday, March 7th. PotlatchDeltic’s payout ratio is currently 642.86%.

Insider Activity

In related news, CFO Wayne Wasechek sold 1,293 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $44.82, for a total transaction of $57,952.26. Following the transaction, the chief financial officer now directly owns 27,701 shares of the company’s stock, valued at $1,241,558.82. This represents a 4.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Eric J. Cremers sold 14,188 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $44.76, for a total value of $635,054.88. Following the sale, the chief executive officer now owns 281,133 shares in the company, valued at $12,583,513.08. The trade was a 4.80 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,651 shares of company stock worth $834,770. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of PotlatchDeltic

Several large investors have recently added to or reduced their stakes in the company. Quarry LP boosted its holdings in shares of PotlatchDeltic by 224.2% in the 4th quarter. Quarry LP now owns 697 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 482 shares during the last quarter. Fifth Third Bancorp boosted its holdings in PotlatchDeltic by 259.7% in the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 818 shares during the last quarter. Sterling Capital Management LLC grew its position in PotlatchDeltic by 806.9% during the 4th quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust’s stock worth $98,000 after purchasing an additional 2,227 shares during the period. GeoWealth Management LLC acquired a new stake in PotlatchDeltic during the 4th quarter worth about $131,000. Finally, Systematic Financial Management LP purchased a new position in shares of PotlatchDeltic during the 3rd quarter valued at about $166,000. Hedge funds and other institutional investors own 86.06% of the company’s stock.

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.