PotlatchDeltic (NASDAQ:PCH) Rating Increased 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.

PCH has been the topic of a number of other research reports. Citigroup decreased their price objective on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Raymond James raised 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. BMO Capital Markets upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a research report on Friday, December 6th. DA Davidson restated a “buy” rating and set a $53.00 target price on shares of PotlatchDeltic in a report on Tuesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $50.00 price target on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.57.

PotlatchDeltic Stock Up 0.9 %

Shares of NASDAQ:PCH opened at $44.73 on Friday. The stock has a market capitalization of $3.52 billion, a P/E ratio of 159.75 and a beta of 1.16. The stock’s 50-day moving average price is $41.65 and its 200-day moving average price is $42.46. The company has a current ratio of 1.49, a quick ratio of 0.93 and a debt-to-equity ratio of 0.46. PotlatchDeltic has a 12-month low of $37.06 and a 12-month high of $47.65.

PotlatchDeltic (NASDAQ:PCH) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.10. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. On average, equities analysts anticipate that PotlatchDeltic will post 0.8 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The firm 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. The ex-dividend date was Monday, December 16th. This represents a $1.80 dividend on an annualized basis and a yield of 4.02%. PotlatchDeltic’s dividend payout ratio (DPR) is currently 642.86%.

Hedge Funds Weigh In On PotlatchDeltic

Several large investors have recently modified their holdings of the stock. New York State Common Retirement Fund raised 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 acquiring an additional 40,058 shares during the last quarter. Peregrine Capital Management LLC increased its holdings in PotlatchDeltic by 34.5% in the 4th quarter. Peregrine Capital Management LLC now owns 136,782 shares of the real estate investment trust’s stock worth $5,369,000 after buying an additional 35,102 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in PotlatchDeltic by 10.8% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 50,388 shares of the real estate investment trust’s stock worth $1,978,000 after buying an additional 4,893 shares during the last quarter. Congress Asset Management Co. boosted its holdings in shares of PotlatchDeltic by 10.4% during the 4th quarter. Congress Asset Management Co. now owns 167,183 shares of the real estate investment trust’s stock valued at $6,562,000 after acquiring an additional 15,779 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of PotlatchDeltic by 4.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 162,135 shares of the real estate investment trust’s stock worth $6,364,000 after acquiring an additional 7,567 shares during the period. 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.