PotlatchDeltic Co. (NASDAQ:PCH) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of PotlatchDeltic Co. (NASDAQ:PCH) have received an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $48.57.

A number of brokerages have recently commented on PCH. DA Davidson reaffirmed a “buy” rating and set a $53.00 target price on shares of PotlatchDeltic in a research report on Tuesday, January 28th. BMO Capital Markets raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a research report on Friday, December 6th. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Truist Financial reduced their target price 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. Finally, Raymond James raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a report on Monday, December 23rd.

Insiders Place Their Bets

In other PotlatchDeltic news, CEO Eric J. Cremers sold 14,188 shares of PotlatchDeltic stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.76, for a total value of $635,054.88. Following the transaction, the chief executive officer now directly owns 281,133 shares of the company’s stock, valued at approximately $12,583,513.08. The trade was a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michele Tyler sold 3,170 shares of PotlatchDeltic stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.72, for a total transaction of $141,762.40. Following the completion of the transaction, the vice president now directly owns 39,446 shares in the company, valued at $1,764,025.12. This represents a 7.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,651 shares of company stock valued at $834,770. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PotlatchDeltic

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of PotlatchDeltic during the fourth quarter worth $217,145,000. Legal & General Group Plc lifted its stake in shares of PotlatchDeltic by 4.0% during the fourth quarter. Legal & General Group Plc now owns 2,498,762 shares of the real estate investment trust’s stock worth $98,076,000 after buying an additional 95,485 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of PotlatchDeltic by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,542,771 shares of the real estate investment trust’s stock worth $60,554,000 after buying an additional 70,745 shares during the period. Northern Trust Corp lifted its stake in shares of PotlatchDeltic by 8.7% during the fourth quarter. Northern Trust Corp now owns 1,233,250 shares of the real estate investment trust’s stock worth $48,405,000 after buying an additional 98,914 shares during the period. Finally, Adelante Capital Management LLC lifted its stake in shares of PotlatchDeltic by 3,486.3% during the third quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust’s stock worth $51,684,000 after buying an additional 1,115,272 shares during the period. 86.06% of the stock is currently owned by institutional investors and hedge funds.

PotlatchDeltic Stock Down 0.8 %

Shares of NASDAQ PCH opened at $43.96 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08. The company has a market cap of $3.46 billion, a P/E ratio of 157.00 and a beta of 1.17. PotlatchDeltic has a 1 year low of $37.06 and a 1 year high of $47.65. The firm has a 50-day simple moving average of $41.68 and a two-hundred day simple moving average of $42.61.

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

PotlatchDeltic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend is Friday, March 7th. PotlatchDeltic’s payout ratio is 642.86%.

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.