Brokerages Set PotlatchDeltic Co. (NASDAQ:PCH) PT at $47.83

PotlatchDeltic Co. (NASDAQ:PCH) has received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $47.83.

A number of research analysts have weighed in on the company. 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 report on Friday, December 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $50.00 price target on shares of PotlatchDeltic in a report on Wednesday, October 30th. Citigroup cut their price objective on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Raymond James raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research report on Monday, December 23rd.

Institutional Trading of PotlatchDeltic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP acquired a new stake in PotlatchDeltic in the 2nd quarter worth about $82,000. Systematic Financial Management LP acquired a new stake in PotlatchDeltic in the 3rd quarter worth about $166,000. FMR LLC boosted its stake in PotlatchDeltic by 20.4% in the 3rd quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after buying an additional 733 shares during the last quarter. ZWJ Investment Counsel Inc. acquired a new stake in PotlatchDeltic in the 3rd quarter worth about $219,000. Finally, Versor Investments LP acquired a new stake in PotlatchDeltic in the 3rd quarter worth about $257,000. Hedge funds and other institutional investors own 86.06% of the company’s stock.

PotlatchDeltic Price Performance

Shares of NASDAQ:PCH opened at $42.32 on Friday. PotlatchDeltic has a twelve month low of $37.06 and a twelve month high of $48.08. The company’s 50 day moving average is $41.45 and its 200 day moving average is $42.21. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The company has a market cap of $3.33 billion, a PE ratio of 201.52 and a beta of 1.16.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings data 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. The business had revenue of $255.10 million for the quarter, compared to analysts’ expectations of $241.35 million. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. The business’s revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the company earned $0.14 EPS. On average, sell-side analysts forecast that PotlatchDeltic will post 0.21 EPS for the current year.

PotlatchDeltic Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.25%. The ex-dividend date was Monday, December 16th. PotlatchDeltic’s payout ratio is 857.14%.

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.