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

Shares of PotlatchDeltic Co. (NASDAQ:PCHGet Free Report) have received a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $47.83.

PCH has been the topic of a number of recent analyst reports. Truist Financial decreased their target price on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. StockNews.com lowered shares of PotlatchDeltic from a “hold” rating to a “sell” rating in a report on Thursday. Citigroup cut their price objective 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $50.00 price objective on shares of PotlatchDeltic in a report on Wednesday, October 30th. Finally, Raymond James raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Monday, December 23rd.

Get Our Latest Report on PCH

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. MQS Management LLC purchased a new position in PotlatchDeltic during the third quarter worth $771,000. TCW Group Inc. bought a new stake in shares of PotlatchDeltic during the third quarter worth $1,923,000. Quest Partners LLC lifted its position in shares of PotlatchDeltic by 872.1% during the third quarter. Quest Partners LLC now owns 20,997 shares of the real estate investment trust’s stock worth $946,000 after purchasing an additional 18,837 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of PotlatchDeltic by 2,054.5% during the second quarter. Renaissance Technologies LLC now owns 102,899 shares of the real estate investment trust’s stock worth $4,053,000 after purchasing an additional 98,123 shares during the last quarter. Finally, Foresight Group Ltd Liability Partnership lifted its position in shares of PotlatchDeltic by 72.7% during the second quarter. Foresight Group Ltd Liability Partnership now owns 84,314 shares of the real estate investment trust’s stock worth $3,321,000 after purchasing an additional 35,494 shares during the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.

PotlatchDeltic Price Performance

NASDAQ PCH opened at $42.09 on Friday. PotlatchDeltic has a 12 month low of $37.06 and a 12 month high of $47.65. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 200.43 and a beta of 1.16. The company’s 50 day moving average is $41.49 and its two-hundred day moving average is $42.27. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42.

PotlatchDeltic (NASDAQ:PCHGet Free Report) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. The company had revenue of $255.10 million for the quarter, compared to analysts’ expectations of $241.35 million. During the same quarter last year, the business earned $0.14 EPS. The firm’s revenue was down 3.9% compared to the same quarter last year. As a group, research analysts anticipate that PotlatchDeltic will post 0.21 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date was Monday, December 16th. PotlatchDeltic’s dividend payout ratio (DPR) is presently 857.14%.

PotlatchDeltic Company Profile

(Get Free Report

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.

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Analyst Recommendations for PotlatchDeltic (NASDAQ:PCH)

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